Miller Howard Investments Inc. NY Has $49.66 Million Position in Energy Transfer Equity, L.P. (NYSE:ETE)

Miller Howard Investments Inc. NY cut its stake in Energy Transfer Equity, L.P. (NYSE:ETE) by 5.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,764,808 shares of the pipeline company’s stock after selling 149,155 shares during the period. Miller Howard Investments Inc. NY owned approximately 0.26% of Energy Transfer Equity, L.P. worth $49,656,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Taylor Wealth Management Partners boosted its stake in shares of Energy Transfer Equity, L.P. by 53.8% in the first quarter. Taylor Wealth Management Partners now owns 14,300 shares of the pipeline company’s stock valued at $282,000 after buying an additional 5,000 shares during the last quarter. CAPROCK Group Inc. boosted its stake in shares of Energy Transfer Equity, L.P. by 84.3% in the first quarter. CAPROCK Group Inc. now owns 31,475 shares of the pipeline company’s stock valued at $621,000 after buying an additional 14,397 shares during the last quarter. Diversified Trust Co boosted its stake in shares of Energy Transfer Equity, L.P. by 28.9% in the first quarter. Diversified Trust Co now owns 125,140 shares of the pipeline company’s stock valued at $2,469,000 after buying an additional 28,084 shares during the last quarter. Sanders Morris Harris Inc. boosted its stake in shares of Energy Transfer Equity, L.P. by 190.3% in the first quarter. Sanders Morris Harris Inc. now owns 80,550 shares of the pipeline company’s stock valued at $1,590,000 after buying an additional 52,800 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. boosted its stake in shares of Energy Transfer Equity, L.P. by 0.6% in the first quarter. Duff & Phelps Investment Management Co. now owns 634,532 shares of the pipeline company’s stock valued at $12,519,000 after buying an additional 4,000 shares during the last quarter. 50.41% of the stock is currently owned by institutional investors.

Shares of Energy Transfer Equity, L.P. (ETE) traded down 1.39% on Friday, hitting $16.99. The stock had a trading volume of 3,265,973 shares. Energy Transfer Equity, L.P. has a 12 month low of $13.77 and a 12 month high of $20.05. The company’s 50 day moving average price is $17.58 and its 200-day moving average price is $18.14. The company has a market cap of $18.27 billion, a P/E ratio of 30.78 and a beta of 1.90.

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

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

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A number of equities research analysts have recently commented on the company. Sanford C. Bernstein reissued an “outperform” rating on shares of Energy Transfer Equity, L.P. in a research note on Thursday. Zacks Investment Research raised Energy Transfer Equity, L.P. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub cut Energy Transfer Equity, L.P. from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Stifel Nicolaus assumed coverage on Energy Transfer Equity, L.P. in a research note on Thursday, July 13th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Deutsche Bank AG cut their target price on Energy Transfer Equity, L.P. from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $20.72.

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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