Eaton Vance Management lowered its stake in shares of Energy Transfer Equity L.P. (NYSE:ETE) by 23.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 276,819 shares of the company’s stock after selling 82,641 shares during the period. Eaton Vance Management’s holdings in Energy Transfer Equity L.P. were worth $3,978,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Stifel Financial Corp increased its position in shares of Energy Transfer Equity L.P. by 131.4% in the fourth quarter. Stifel Financial Corp now owns 541,814 shares of the company’s stock valued at $11,532,000 after buying an additional 307,640 shares during the last quarter. Stokes & Hubbell Capital Management LLC increased its position in shares of Energy Transfer Equity L.P. by 100.0% in the first quarter. Stokes & Hubbell Capital Management LLC now owns 140,800 shares of the company’s stock valued at $1,004,000 after buying an additional 70,400 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Energy Transfer Equity L.P. by 22.0% in the first quarter. Chicago Partners Investment Group LLC now owns 268,818 shares of the company’s stock valued at $1,917,000 after buying an additional 48,477 shares during the last quarter. Wade G W & Inc. purchased a new position in shares of Energy Transfer Equity L.P. during the first quarter valued at approximately $339,000. Finally, Glenmede Trust Co. NA increased its position in shares of Energy Transfer Equity L.P. by 28.2% in the first quarter. Glenmede Trust Co. NA now owns 346,888 shares of the company’s stock valued at $2,472,000 after buying an additional 76,261 shares during the last quarter. Institutional investors own 44.11% of the company’s stock.

Energy Transfer Equity L.P. (NYSE:ETE) traded up 1.269% during trading on Monday, hitting $16.365. 1,887,832 shares of the stock traded hands. The company’s 50 day moving average price is $17.42 and its 200-day moving average price is $13.02. The stock has a market cap of $17.17 billion, a P/E ratio of 14.945 and a beta of 1.58. Energy Transfer Equity L.P. has a 52-week low of $4.00 and a 52-week high of $27.04.

Energy Transfer Equity L.P. (NYSE:ETE) last announced its earnings results on Wednesday, August 3rd. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by $0.06. The business earned $9.34 billion during the quarter, compared to analyst estimates of $8.09 billion. Energy Transfer Equity L.P. had a net margin of 3.09% and a return on equity of 6.46%. The business’s revenue was down 19.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 earnings per share. Equities research analysts forecast that Energy Transfer Equity L.P. will post $0.97 earnings per share for the current fiscal year.

Several equities analysts recently commented on ETE shares. Vetr downgraded shares of Energy Transfer Equity L.P. from a “strong-buy” rating to a “buy” rating and set a $14.22 price target on the stock. in a report on Monday, May 23rd. Jefferies Group reissued a “buy” rating and set a $17.00 price target (up from $15.00) on shares of Energy Transfer Equity L.P. in a report on Wednesday, June 8th. Barclays PLC reissued an “overweight” rating and set a $20.00 price target on shares of Energy Transfer Equity L.P. in a report on Tuesday, July 5th. Deutsche Bank AG began coverage on shares of Energy Transfer Equity L.P. in a report on Thursday, July 7th. They set a “buy” rating and a $20.00 price target on the stock. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and set a $17.00 price target on shares of Energy Transfer Equity L.P. in a report on Wednesday, July 13th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Energy Transfer Equity L.P. currently has a consensus rating of “Buy” and a consensus target price of $17.63.

About Energy Transfer Equity L.P.

Energy Transfer Equity, L.P. (ETE) directly and indirectly owns equity interests in Energy Transfer Partners, L.P. (ETP) and SUN LP, which are engaged in diversified energy-related services. The Company, through its family of companies, owns and operates over 71,000 miles of natural gas, natural gas liquids (NGL), refined products and crude oil pipelines.

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