Zimmer Partners LP Has $12.19 Million Stake in Energy Transfer Equity (NYSE:ETE)

Zimmer Partners LP cut its holdings in Energy Transfer Equity (NYSE:ETE) by 80.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 706,326 shares of the pipeline company’s stock after selling 2,835,169 shares during the quarter. Zimmer Partners LP owned approximately 0.07% of Energy Transfer Equity worth $12,191,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Harvest Fund Advisors LLC boosted its stake in Energy Transfer Equity by 9.4% in the third quarter. Harvest Fund Advisors LLC now owns 45,684,871 shares of the pipeline company’s stock valued at $794,003,000 after buying an additional 3,914,284 shares in the last quarter. Chickasaw Capital Management LLC boosted its stake in Energy Transfer Equity by 1.9% in the fourth quarter. Chickasaw Capital Management LLC now owns 22,407,074 shares of the pipeline company’s stock valued at $386,746,000 after buying an additional 410,501 shares in the last quarter. Atlantic Trust Group LLC boosted its stake in Energy Transfer Equity by 8.7% in the third quarter. Atlantic Trust Group LLC now owns 13,290,034 shares of the pipeline company’s stock valued at $230,980,000 after buying an additional 1,060,430 shares in the last quarter. ING Groep NV acquired a new stake in Energy Transfer Equity in the third quarter valued at about $189,859,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Energy Transfer Equity by 4.1% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,597,720 shares of the pipeline company’s stock valued at $184,188,000 after buying an additional 416,462 shares in the last quarter. 49.04% of the stock is currently owned by institutional investors and hedge funds.

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Shares of ETE opened at $14.19 on Friday. Energy Transfer Equity has a 1 year low of $12.80 and a 1 year high of $19.55. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 1.48. The stock has a market cap of $15,399.41, a PE ratio of 11.73 and a beta of 1.87.

Energy Transfer Equity (NYSE:ETE) last issued its quarterly earnings data on Wednesday, February 21st. The pipeline company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.09. Energy Transfer Equity had a return on equity of 4.48% and a net margin of 2.30%. The company had revenue of $11.45 billion during the quarter, compared to the consensus estimate of $12.20 billion. research analysts anticipate that Energy Transfer Equity will post 1.35 EPS for the current fiscal year.

A number of analysts have recently commented on the company. Zacks Investment Research lowered Energy Transfer Equity from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th. Wolfe Research raised Energy Transfer Equity from a “market perform” rating to an “outperform” rating in a research note on Monday, December 18th. Royal Bank of Canada reissued a “buy” rating and set a $22.00 price target on shares of Energy Transfer Equity in a research note on Tuesday, January 16th. Credit Suisse Group assumed coverage on Energy Transfer Equity in a research note on Thursday, January 4th. They set an “outperform” rating and a $23.00 price target on the stock. Finally, Bank of America cut their price target on Energy Transfer Equity from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 27th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. Energy Transfer Equity presently has an average rating of “Buy” and an average price target of $20.82.

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Energy Transfer Equity Profile

Energy Transfer Equity, L.P. provides diversified energy-related services in the United States. It owns and operates approximately 7,900 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 11,800 miles of interstate natural gas pipelines.

Institutional Ownership by Quarter for Energy Transfer Equity (NYSE:ETE)

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