Dividend Assets Capital LLC lowered its stake in Energy Transfer Equity, L.P. (NYSE:ETE) by 9.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 765,455 shares of the pipeline company’s stock after selling 79,821 shares during the period. Dividend Assets Capital LLC owned 0.07% of Energy Transfer Equity, L.P. worth $13,304,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jennison Associates LLC raised its holdings in shares of Energy Transfer Equity, L.P. by 18.3% in the second quarter. Jennison Associates LLC now owns 693,496 shares of the pipeline company’s stock worth $12,455,000 after buying an additional 107,269 shares during the last quarter. Chickasaw Capital Management LLC raised its holdings in shares of Energy Transfer Equity, L.P. by 0.4% during the second quarter. Chickasaw Capital Management LLC now owns 22,428,755 shares of the pipeline company’s stock worth $402,820,000 after purchasing an additional 96,717 shares during the last quarter. Saratoga Research & Investment Management purchased a new position in shares of Energy Transfer Equity, L.P. during the third quarter worth $312,000. US Bancorp DE raised its holdings in shares of Energy Transfer Equity, L.P. by 4.9% during the second quarter. US Bancorp DE now owns 212,111 shares of the pipeline company’s stock worth $3,810,000 after purchasing an additional 9,992 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Energy Transfer Equity, L.P. by 11.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,181,258 shares of the pipeline company’s stock worth $182,855,000 after purchasing an additional 1,062,038 shares during the last quarter. 48.32% of the stock is owned by institutional investors and hedge funds.

Shares of Energy Transfer Equity, L.P. (ETE) traded down $0.27 during midday trading on Tuesday, hitting $16.45. 844,075 shares of the stock traded hands, compared to its average volume of 5,356,565. Energy Transfer Equity, L.P. has a 1-year low of $15.03 and a 1-year high of $20.05. The firm has a market capitalization of $18,853.36, a price-to-earnings ratio of 20.80 and a beta of 1.90. The company has a current ratio of 1.36, a quick ratio of 1.11 and a debt-to-equity ratio of 1.69.

Energy Transfer Equity, L.P. (NYSE:ETE) last announced its earnings results on Tuesday, November 7th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.12). Energy Transfer Equity, L.P. had a net margin of 2.29% and a return on equity of 3.84%. The company had revenue of $9.47 billion during the quarter, compared to analyst estimates of $16.25 billion. During the same quarter last year, the business earned $0.19 EPS. The firm’s revenue for the quarter was up 23.0% compared to the same quarter last year. equities analysts expect that Energy Transfer Equity, L.P. will post 1.08 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Tuesday, November 7th will be given a $0.295 dividend. This is a positive change from Energy Transfer Equity, L.P.’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Monday, November 6th. This represents a $1.18 annualized dividend and a dividend yield of 7.17%. Energy Transfer Equity, L.P.’s dividend payout ratio (DPR) is 143.90%.

Several research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Energy Transfer Equity, L.P. from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 25th. Jefferies Group LLC reduced their target price on shares of Energy Transfer Equity, L.P. from $21.00 to $20.00 and set a “buy” rating for the company in a report on Sunday, September 10th. BMO Capital Markets set a $19.00 target price on shares of Energy Transfer Equity, L.P. and gave the stock a “hold” rating in a report on Friday, August 18th. Stifel Nicolaus reissued a “buy” rating and set a $20.00 target price on shares of Energy Transfer Equity, L.P. in a report on Thursday, October 12th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Energy Transfer Equity, L.P. in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $21.63.

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Energy Transfer Equity, L.P. 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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