Sigma Planning Corp raised its position in Energy Transfer Equity L.P. (NYSE:ETE) by 6.1% during the second quarter, Holdings Channel reports. The institutional investor owned 19,564 shares of the company’s stock after buying an additional 1,123 shares during the period. Sigma Planning Corp’s holdings in Energy Transfer Equity L.P. were worth $281,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ETE. ING Groep NV raised its stake in Energy Transfer Equity L.P. by 87.6% in the first quarter. ING Groep NV now owns 30,327,850 shares of the company’s stock worth $215,934,000 after buying an additional 14,158,432 shares in the last quarter. Harvest Fund Advisors LLC raised its stake in Energy Transfer Equity L.P. by 16.5% in the first quarter. Harvest Fund Advisors LLC now owns 20,983,012 shares of the company’s stock worth $149,609,000 after buying an additional 2,968,478 shares in the last quarter. Brookfield Asset Management Inc. raised its stake in Energy Transfer Equity L.P. by 57.5% in the first quarter. Brookfield Asset Management Inc. now owns 1,830,844 shares of the company’s stock worth $13,054,000 after buying an additional 668,054 shares in the last quarter. Stifel Financial Corp raised its stake in 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 worth $11,532,000 after buying an additional 307,640 shares in the last quarter. Finally, Walnut Private Equity Partners LLC raised its stake in Energy Transfer Equity L.P. by 17.8% in the second quarter. Walnut Private Equity Partners LLC now owns 1,413,114 shares of the company’s stock worth $20,306,000 after buying an additional 213,114 shares in the last quarter. 44.11% of the stock is owned by hedge funds and other institutional investors.

Energy Transfer Equity L.P. (NYSE:ETE) traded down 3.00% during midday trading on Friday, reaching $16.16. 9,113,715 shares of the company traded hands. Energy Transfer Equity L.P. has a 12-month low of $4.00 and a 12-month high of $27.04. The company has a 50 day moving average of $17.42 and a 200-day moving average of $13.02. The stock has a market capitalization of $16.95 billion, a P/E ratio of 14.76 and a beta of 1.58.

Energy Transfer Equity L.P. (NYSE:ETE) last posted its quarterly 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 company earned $9.34 billion during the quarter, compared to analyst estimates of $8.09 billion. Energy Transfer Equity L.P. had a return on equity of 6.46% and a net margin of 3.09%. The company’s revenue for the quarter was down 19.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 earnings per share. Equities analysts anticipate that Energy Transfer Equity L.P. will post $0.97 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 19th. Shareholders of record on Monday, August 8th were issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 7.05%. The ex-dividend date was Thursday, August 4th. Energy Transfer Equity L.P.’s payout ratio is 102.70%.

ETE has been the subject of a number of analyst reports. Vetr lowered shares of Energy Transfer Equity L.P. from a “strong-buy” rating to a “buy” rating and set a $14.22 target price for the company. in a report on Monday, June 20th. Zacks Investment Research raised shares of Energy Transfer Equity L.P. from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Monday, July 18th. Credit Suisse Group AG reissued an “outperform” rating and set a $20.00 price target on shares of Energy Transfer Equity L.P. in a research report on Tuesday, July 26th. Jefferies Group lifted their price target on shares of Energy Transfer Equity L.P. from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, July 25th. Finally, Barclays PLC reissued an “overweight” rating and set a $20.00 price target on shares of Energy Transfer Equity L.P. in a research report on Tuesday, July 5th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently 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.

5 Day Chart for NYSE:ETE

Want to see what other hedge funds are holding ETE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Energy Transfer Equity L.P. (NYSE:ETE).

Receive News & Ratings for Energy Transfer Equity L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Transfer Equity L.P. and related companies with Analyst Ratings Network's FREE daily email newsletter.