Pointe Capital Management LLC Trims Holdings in Energy Transfer Equity LP (ETE)

Pointe Capital Management LLC trimmed its holdings in shares of Energy Transfer Equity LP (NYSE:ETE) by 12.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,160 shares of the pipeline company’s stock after selling 10,200 shares during the quarter. Energy Transfer Equity accounts for about 1.0% of Pointe Capital Management LLC’s portfolio, making the stock its 24th largest position. Pointe Capital Management LLC’s holdings in Energy Transfer Equity were worth $1,280,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Raymond James Trust N.A. grew its holdings in Energy Transfer Equity by 0.7% during the 2nd quarter. Raymond James Trust N.A. now owns 19,091 shares of the pipeline company’s stock worth $343,000 after acquiring an additional 131 shares during the last quarter. Linscomb & Williams Inc. grew its holdings in Energy Transfer Equity by 0.5% during the 2nd quarter. Linscomb & Williams Inc. now owns 38,658 shares of the pipeline company’s stock worth $694,000 after acquiring an additional 188 shares during the last quarter. Fiera Capital Corp grew its holdings in Energy Transfer Equity by 0.3% during the 2nd quarter. Fiera Capital Corp now owns 234,473 shares of the pipeline company’s stock worth $4,211,000 after acquiring an additional 606 shares during the last quarter. D.A. Davidson & CO. grew its holdings in Energy Transfer Equity by 1.3% during the 2nd quarter. D.A. Davidson & CO. now owns 56,428 shares of the pipeline company’s stock worth $1,013,000 after acquiring an additional 751 shares during the last quarter. Finally, Advisory Services Network LLC grew its holdings in Energy Transfer Equity by 12.6% during the 2nd quarter. Advisory Services Network LLC now owns 9,331 shares of the pipeline company’s stock worth $168,000 after acquiring an additional 1,047 shares during the last quarter. 51.53% of the stock is currently owned by hedge funds and other institutional investors.

Energy Transfer Equity LP (NYSE:ETE) traded up $0.20 during trading on Friday, hitting $18.03. 4,630,000 shares of the company were exchanged, compared to its average volume of 5,200,000. The company has a quick ratio of 1.11, a current ratio of 1.36 and a debt-to-equity ratio of 1.69. Energy Transfer Equity LP has a 52 week low of $15.03 and a 52 week high of $19.85. The firm has a market cap of $19,460.00, a P/E ratio of 17.34 and a beta of 1.87.

Energy Transfer Equity (NYSE:ETE) last released its earnings results on Tuesday, November 7th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.12). Energy Transfer Equity had a net margin of 2.29% and a return on equity of 3.84%. The company had revenue of $9.47 billion for the quarter, compared to analyst estimates of $16.25 billion. During the same quarter in the previous year, the firm earned $0.19 EPS. The firm’s revenue was up 23.0% on a year-over-year basis. analysts anticipate that Energy Transfer Equity LP will post 0.99 earnings per share for the current fiscal year.

ETE has been the topic of a number of recent analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $20.00 price target on shares of Energy Transfer Equity in a research report on Thursday, October 12th. BMO Capital Markets set a $19.00 price target on shares of Energy Transfer Equity and gave the stock a “hold” rating in a research report on Thursday, October 12th. Jefferies Group restated a “buy” rating and issued a $20.00 price target on shares of Energy Transfer Equity in a research report on Monday, October 16th. Goldman Sachs Group upgraded shares of Energy Transfer Equity from a “neutral” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Tuesday, October 17th. Finally, Zacks Investment Research downgraded shares of Energy Transfer Equity from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $21.88.

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About Energy Transfer Equity

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

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