Loring Wolcott & Coolidge Fiduciary Advisors LLP MA continued to hold its stake in shares of Energy Transfer Equity, L.P. (NYSE:ETE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,400 shares of the pipeline company’s stock at the end of the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Energy Transfer Equity, L.P. were worth $113,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ETE. Penserra Capital Management LLC purchased a new stake in shares of Energy Transfer Equity, L.P. during the second quarter valued at about $106,000. HITE Hedge Asset Management LLC purchased a new stake in shares of Energy Transfer Equity, L.P. during the second quarter valued at about $1,086,000. Kayne Anderson Capital Advisors LP increased its stake in shares of Energy Transfer Equity, L.P. by 2.8% in the second quarter. Kayne Anderson Capital Advisors LP now owns 4,514,548 shares of the pipeline company’s stock valued at $81,070,000 after buying an additional 125,048 shares during the last quarter. Jennison Associates LLC increased its stake 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 valued at $12,455,000 after buying an additional 107,269 shares during the last quarter. Finally, BB&T Securities LLC increased its stake in shares of Energy Transfer Equity, L.P. by 6.2% in the second quarter. BB&T Securities LLC now owns 184,975 shares of the pipeline company’s stock valued at $3,322,000 after buying an additional 10,870 shares during the last quarter. 48.44% of the stock is owned by institutional investors and hedge funds.

Shares of Energy Transfer Equity, L.P. (NYSE:ETE) opened at 16.91 on Wednesday. The company has a market cap of $18.25 billion, a P/E ratio of 21.32 and a beta of 1.90. The stock’s 50 day moving average is $17.46 and its 200 day moving average is $18.02. Energy Transfer Equity, L.P. has a 1-year low of $13.77 and a 1-year 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 (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.07. Energy Transfer Equity, L.P. had a return on equity of 3.79% and a net margin of 2.18%. The business had revenue of $8.94 billion for the quarter, compared to analysts’ expectations of $11.41 billion. During the same quarter in the prior year, the firm earned $0.23 earnings per share. Energy Transfer Equity, L.P.’s quarterly revenue was up 20.5% compared to the same quarter last year. On average, analysts predict that Energy Transfer Equity, L.P. will post $1.31 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 7th were paid a dividend of $0.285 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.14 annualized dividend and a yield of 6.74%. Energy Transfer Equity, L.P.’s dividend payout ratio is currently 144.31%.

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Several brokerages have issued reports on ETE. BMO Capital Markets set a $19.00 price objective on shares of Energy Transfer Equity, L.P. and gave the stock a “hold” rating in a research note on Friday, August 18th. BidaskClub downgraded shares of Energy Transfer Equity, L.P. from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. Sanford C. Bernstein reissued an “outperform” rating on shares of Energy Transfer Equity, L.P. in a research note on Thursday, August 10th. Zacks Investment Research raised shares of Energy Transfer Equity, L.P. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Stifel Nicolaus began coverage on shares of Energy Transfer Equity, L.P. in a research note on Thursday, July 13th. They issued a “buy” rating and a $20.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $20.77.

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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