Energy Transfer Equity, L.P. (ETE) Stake Held by Winslow Evans & Crocker Inc.

Winslow Evans & Crocker Inc. held its stake in Energy Transfer Equity, L.P. (NYSE:ETE) during the second quarter, according to its most recent filing with the SEC. The fund owned 6,800 shares of the pipeline company’s stock at the end of the second quarter. Winslow Evans & Crocker Inc.’s holdings in Energy Transfer Equity, L.P. were worth $122,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Botty Investors LLC purchased a new stake in Energy Transfer Equity, L.P. during the first quarter valued at $144,000. Advisory Services Network LLC purchased a new stake in Energy Transfer Equity, L.P. during the first quarter valued at $163,000. Hirtle Callaghan & Co LLC purchased a new stake in Energy Transfer Equity, L.P. during the first quarter valued at $178,000. TNB Financial purchased a new stake in Energy Transfer Equity, L.P. during the first quarter valued at $203,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Energy Transfer Equity, L.P. during the first quarter valued at $210,000. 50.41% of the stock is owned by institutional investors and hedge funds.

Energy Transfer Equity, L.P. (NYSE ETE) traded down 1.39% during mid-day trading on Friday, hitting $16.99. The company had a trading volume of 3,265,973 shares. Energy Transfer Equity, L.P. has a one year low of $13.77 and a one year high of $20.05. The company has a market cap of $18.27 billion, a PE ratio of 30.78 and a beta of 1.90. The company’s 50 day moving average price is $17.58 and its 200-day moving average price is $18.14.

Energy Transfer Equity, L.P. (NYSE:ETE) last released its quarterly earnings results on Tuesday, August 8th. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.07. Energy Transfer Equity, L.P. had a net margin of 2.18% and a return on equity of 3.84%. The firm had revenue of $8.94 billion during the quarter, compared to analyst estimates of $11.41 billion. During the same period in the prior year, the business earned $0.23 EPS. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. Equities research analysts anticipate that Energy Transfer Equity, L.P. will post $1.19 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, August 7th will be paid a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 6.71%. The ex-dividend date of this dividend is Thursday, August 3rd. Energy Transfer Equity, L.P.’s dividend payout ratio is 144.31%.

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Several research firms have recently commented on ETE. Zacks Investment Research cut Energy Transfer Equity, L.P. from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 26th. Sanford C. Bernstein began coverage on Energy Transfer Equity, L.P. in a research note on Tuesday, May 16th. They set a “market perform” rating for the company. Wolfe Research restated a “market perform” rating on shares of Energy Transfer Equity, L.P. in a research note on Friday, May 12th. Jefferies Group LLC upgraded Energy Transfer Equity, L.P. from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Wednesday, April 19th. Finally, Royal Bank Of Canada restated 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Energy Transfer Equity, L.P. has an average rating of “Buy” and a consensus price target of $20.72.

Energy Transfer Equity, L.P. 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.

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

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