Osborn Williams & Donohoe LLC Invests $216,000 in Energy Transfer Equity, L.P. (ETE)

Osborn Williams & Donohoe LLC acquired a new position in shares of Energy Transfer Equity, L.P. (NYSE:ETE) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 12,050 shares of the pipeline company’s stock, valued at approximately $216,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Taylor Wealth Management Partners boosted its position in 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 worth $282,000 after buying an additional 5,000 shares during the last quarter. CAPROCK Group Inc. boosted its position 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 in the last quarter. Diversified Trust Co boosted its position 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 in the last quarter. Sanders Morris Harris Inc. boosted its position 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 in the last quarter. Finally, Duff & Phelps Investment Management Co. boosted its position 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 in the last quarter. Hedge funds and other institutional investors own 50.27% of the company’s stock.

Shares of Energy Transfer Equity, L.P. (ETE) traded down 0.48% on Friday, hitting $16.67. 2,904,452 shares of the stock traded hands. The stock’s 50 day moving average price is $17.62 and its 200 day moving average price is $18.08. Energy Transfer Equity, L.P. has a 52-week low of $13.77 and a 52-week high of $20.05. The stock has a market cap of $17.99 billion, a P/E ratio of 21.02 and a beta of 1.90.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 7th will be given a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 6.84%. The ex-dividend date is Thursday, August 3rd. Energy Transfer Equity, L.P.’s payout ratio is currently 144.31%.

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Several equities analysts recently issued reports on the stock. Stifel Nicolaus assumed coverage on shares of Energy Transfer Equity, L.P. in a research report on Thursday, July 13th. They set a “buy” rating and a $20.00 price target on the stock. BidaskClub cut shares of Energy Transfer Equity, L.P. from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. ValuEngine cut shares of Energy Transfer Equity, L.P. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Deutsche Bank AG reduced their price target on shares of Energy Transfer Equity, L.P. from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, June 21st. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Energy Transfer Equity, L.P. in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average 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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