E&G Advisors LP Holds Position in Energy Transfer Equity, L.P. (ETE)

E&G Advisors LP maintained its position in 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 fund owned 51,800 shares of the pipeline company’s stock at the end of the second quarter. E&G Advisors LP’s holdings in Energy Transfer Equity, L.P. were worth $930,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings Inc. boosted its position in Energy Transfer Equity, L.P. by 0.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 64,499 shares of the pipeline company’s stock worth $1,273,000 after buying an additional 183 shares during the period. Raymond James Trust N.A. raised its stake in Energy Transfer Equity, L.P. by 28.7% in the first quarter. Raymond James Trust N.A. now owns 18,960 shares of the pipeline company’s stock worth $374,000 after buying an additional 4,228 shares in the last quarter. Creative Planning raised its stake in Energy Transfer Equity, L.P. by 17.5% in the first quarter. Creative Planning now owns 120,479 shares of the pipeline company’s stock worth $2,377,000 after buying an additional 17,950 shares in the last quarter. TNB Financial bought a new stake in Energy Transfer Equity, L.P. during the first quarter worth $203,000. Finally, Private Trust Co. NA raised its stake in Energy Transfer Equity, L.P. by 4.6% in the first quarter. Private Trust Co. NA now owns 11,555 shares of the pipeline company’s stock worth $227,000 after buying an additional 510 shares in the last quarter. Institutional investors own 50.41% of the company’s stock.

Energy Transfer Equity, L.P. (ETE) opened at 16.99 on Friday. The stock’s 50 day moving average is $17.58 and its 200-day moving average is $18.14. The stock has a market capitalization of $18.27 billion, a PE ratio of 30.78 and a beta of 1.90. Energy Transfer Equity, L.P. has a 52 week low of $13.77 and a 52 week high of $20.05.

Energy Transfer Equity, L.P. (NYSE:ETE) last released its quarterly earnings data on Tuesday, August 8th. The pipeline company reported $0.18 earnings per share for the quarter, missing the 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 firm had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $11.41 billion. During the same period in the previous year, the business earned $0.23 EPS. The firm’s revenue was up 20.5% compared to the same quarter last year. Equities research analysts forecast that Energy Transfer Equity, L.P. will post $1.19 EPS for the current year.

The company also recently disclosed 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. This represents a $1.14 annualized dividend and a yield of 6.71%. The ex-dividend date of this dividend is Thursday, August 3rd. Energy Transfer Equity, L.P.’s payout ratio is 144.31%.

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A number of research firms have recently weighed in on ETE. Zacks Investment Research lowered Energy Transfer Equity, L.P. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 26th. Sanford C. Bernstein assumed coverage on Energy Transfer Equity, L.P. in a report on Tuesday, May 16th. They issued a “market perform” rating on the stock. Wolfe Research reissued a “market perform” rating on shares of Energy Transfer Equity, L.P. in a report on Friday, May 12th. Jefferies Group LLC raised Energy Transfer Equity, L.P. from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Wednesday, April 19th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $22.00 target price on shares of Energy Transfer Equity, L.P. in a report on Tuesday, May 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price 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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