Energy Transfer Equity, L.P. (ETE) Shares Bought by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC grew its stake in Energy Transfer Equity, L.P. (NYSE:ETE) by 5.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,959 shares of the pipeline company’s stock after acquiring an additional 880 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Energy Transfer Equity, L.P. were worth $287,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Penserra Capital Management LLC bought a new position in shares of Energy Transfer Equity, L.P. in the second quarter worth about $106,000. Ffcm LLC raised its stake in shares of Energy Transfer Equity, L.P. by 226.7% during the second quarter. Ffcm LLC now owns 6,273 shares of the pipeline company’s stock worth $114,000 after buying an additional 4,353 shares during the last quarter. Botty Investors LLC bought a new stake in shares of Energy Transfer Equity, L.P. during the first quarter worth approximately $144,000. Sei Investments Co. raised its stake in shares of Energy Transfer Equity, L.P. by 6.1% during the second quarter. Sei Investments Co. now owns 8,700 shares of the pipeline company’s stock worth $156,000 after buying an additional 500 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Energy Transfer Equity, L.P. during the first quarter worth approximately $210,000. 48.44% of the stock is owned by institutional investors.

Energy Transfer Equity, L.P. (NYSE ETE) opened at 17.70 on Tuesday. The firm has a market cap of $19.10 billion, a PE ratio of 22.32 and a beta of 1.90. Energy Transfer Equity, L.P. has a 12-month low of $13.77 and a 12-month high of $20.05. The stock has a 50 day moving average of $17.32 and a 200 day moving average of $17.89.

Energy Transfer Equity, L.P. (NYSE:ETE) last released its quarterly earnings data on Tuesday, August 8th. The pipeline company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.25 by $0.07. The company had revenue of $8.94 billion during the quarter, compared to the consensus estimate of $11.41 billion. Energy Transfer Equity, L.P. had a net margin of 2.18% and a return on equity of 3.79%. The business’s revenue was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 EPS. On average, equities research analysts anticipate that Energy Transfer Equity, L.P. will post $1.31 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 7th were paid a $0.285 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.14 annualized dividend and a dividend yield of 6.44%. Energy Transfer Equity, L.P.’s dividend payout ratio is currently 144.31%.

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A number of research firms recently weighed in on ETE. Zacks Investment Research downgraded shares of Energy Transfer Equity, L.P. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Sanford C. Bernstein began coverage on shares of Energy Transfer Equity, L.P. in a research note on Tuesday, May 16th. They set a “market perform” rating for the company. Jefferies Group LLC dropped their price target on shares of Energy Transfer Equity, L.P. from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Sunday. Royal Bank Of Canada reissued a “buy” rating and set a $22.00 price target on shares of Energy Transfer Equity, L.P. in a research note on Tuesday, May 23rd. Finally, BMO Capital Markets set a $19.00 price target on shares of Energy Transfer Equity, L.P. and gave the stock a “hold” rating in a research note on Friday, August 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Energy Transfer Equity, L.P. presently has a consensus rating of “Buy” and an average price target of $20.68.

About Energy Transfer Equity, L.P.

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.

Institutional Ownership by Quarter for Energy Transfer Equity, L.P. (NYSE:ETE)

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