Kayne Anderson Capital Advisors LP trimmed its holdings in shares of Energy Transfer Equity LP (NYSE:ETE) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,030,948 shares of the pipeline company’s stock after selling 74,200 shares during the period. Energy Transfer Equity makes up about 1.1% of Kayne Anderson Capital Advisors LP’s portfolio, making the stock its 26th biggest position. Kayne Anderson Capital Advisors LP owned about 0.47% of Energy Transfer Equity worth $86,823,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Prime Capital Investment Advisors LLC purchased a new stake in shares of Energy Transfer Equity during the fourth quarter worth $317,000. Caption Management LLC purchased a new stake in shares of Energy Transfer Equity in the fourth quarter valued at about $1,510,000. Formidable Asset Management LLC purchased a new stake in shares of Energy Transfer Equity in the fourth quarter valued at about $204,000. Landscape Capital Management L.L.C. acquired a new position in Energy Transfer Equity in the fourth quarter valued at about $1,131,000. Finally, Icon Wealth Partners LLC acquired a new position in Energy Transfer Equity in the fourth quarter valued at about $909,000. Hedge funds and other institutional investors own 49.12% of the company’s stock.
Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Energy Transfer Equity from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st. Robert W. Baird restated a “buy” rating and set a $22.00 target price on shares of Energy Transfer Equity in a research report on Tuesday, February 27th. Bank of America started coverage on shares of Energy Transfer Equity in a research report on Tuesday, January 9th. They issued a “neutral” rating on the stock. Credit Suisse Group started coverage on Energy Transfer Equity in a report on Thursday, January 4th. They issued an “outperform” rating and a $23.00 target price for the company. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $22.00 target price on shares of Energy Transfer Equity in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $21.50.
Shares of Energy Transfer Equity LP (ETE) traded up $0.32 on Friday, hitting $14.86. The company’s stock had a trading volume of 9,007,381 shares, compared to its average volume of 6,810,077. Energy Transfer Equity LP has a one year low of $12.80 and a one year high of $19.82. The firm has a market cap of $16,210.00, a price-to-earnings ratio of -20.93 and a beta of 1.88. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.10 and a current ratio of 1.35.
Energy Transfer Equity (NYSE:ETE) last posted its quarterly earnings results on Wednesday, February 21st. The pipeline company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.09. The business had revenue of $11.45 billion for the quarter, compared to analyst estimates of $12.20 billion. Energy Transfer Equity had a return on equity of 4.48% and a net margin of 2.30%. analysts anticipate that Energy Transfer Equity LP will post 1.41 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Thursday, February 8th were paid a dividend of $0.305 per share. This is an increase from Energy Transfer Equity’s previous quarterly dividend of $0.30. This represents a $1.22 dividend on an annualized basis and a yield of 8.21%. The ex-dividend date of this dividend was Wednesday, February 7th. Energy Transfer Equity’s dividend payout ratio is presently -171.83%.
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Energy Transfer Equity Company Profile
Energy Transfer Equity, L.P. (ETE) owns equity interests in Energy Transfer Partners, L.P. (ETP) and Sunoco LP, which are engaged in diversified energy-related services. The Company’s segments include Investment in ETP, including the consolidated operations of ETP; Investment in Sunoco LP, including the consolidated operations of Sunoco LP; Investment in Lake Charles LNG, including the operations of Lake Charles LNG, and Corporate and Other.
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