Energy Transfer Equity, L.P. (ETE) Stake Held by Aveo Capital Partners LLC

Aveo Capital Partners LLC continued to hold its position in shares of Energy Transfer Equity, L.P. (NYSE:ETE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,100 shares of the pipeline company’s stock at the end of the second quarter. Aveo Capital Partners LLC’s holdings in Energy Transfer Equity, L.P. were worth $451,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ING Groep NV increased its position in shares of Energy Transfer Equity, L.P. by 2,796.7% in the first quarter. ING Groep NV now owns 7,041,900 shares of the pipeline company’s stock worth $138,937,000 after buying an additional 6,798,800 shares during the period. Bank of Montreal Can increased its position in Energy Transfer Equity, L.P. by 35.9% in the second quarter. Bank of Montreal Can now owns 23,022,988 shares of the pipeline company’s stock valued at $413,493,000 after buying an additional 6,078,618 shares during the last quarter. Atlantic Trust Group LLC increased its position in Energy Transfer Equity, L.P. by 16.6% in the first quarter. Atlantic Trust Group LLC now owns 13,317,451 shares of the pipeline company’s stock valued at $262,753,000 after buying an additional 1,892,220 shares during the last quarter. Brookfield Asset Management Inc. increased its position in Energy Transfer Equity, L.P. by 145.3% in the first quarter. Brookfield Asset Management Inc. now owns 2,869,200 shares of the pipeline company’s stock valued at $56,609,000 after buying an additional 1,699,700 shares during the last quarter. Finally, Pentwater Capital Management LP increased its position in Energy Transfer Equity, L.P. by 127.5% in the first quarter. Pentwater Capital Management LP now owns 288,400 shares of the pipeline company’s stock valued at $5,690,000 after buying an additional 1,338,400 shares during the last quarter. Hedge funds and other institutional investors own 50.27% of the company’s stock.

Energy Transfer Equity, L.P. (NYSE ETE) traded down 0.48% during trading on Friday, reaching $16.67. The company had a trading volume of 2,904,452 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 capitalization of $17.99 billion, a PE ratio of 21.02 and a beta of 1.90. The firm’s 50 day moving average is $17.62 and its 200 day moving average is $18.08.

Energy Transfer Equity, L.P. (NYSE:ETE) last issued its earnings results on Tuesday, August 8th. The pipeline company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by $0.07. The firm had revenue of $8.94 billion for the quarter, compared to analyst estimates of $11.41 billion. Energy Transfer Equity, L.P. had a return on equity of 3.79% and a net margin of 2.18%. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 EPS. On average, equities research analysts predict that Energy Transfer Equity, L.P. will post $1.18 earnings per share for the current year.

The business also recently disclosed 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. The ex-dividend date is Thursday, August 3rd. This represents a $1.14 annualized dividend and a yield of 6.84%. Energy Transfer Equity, L.P.’s dividend payout ratio is presently 144.31%.

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Several research firms have recently weighed in on ETE. Stifel Nicolaus assumed coverage on Energy Transfer Equity, L.P. in a research note on Thursday, July 13th. They set a “buy” rating and a $20.00 price target for the company. BidaskClub cut Energy Transfer Equity, L.P. from a “hold” rating to a “sell” rating in a report on Friday, July 28th. ValuEngine cut Energy Transfer Equity, L.P. from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Deutsche Bank AG dropped their price objective on Energy Transfer Equity, L.P. from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Wednesday, June 21st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Energy Transfer Equity, L.P. in a report on Thursday, August 10th. One equities 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 company’s stock. Energy Transfer Equity, L.P. presently has an average rating of “Buy” and a consensus price target of $20.77.

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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