Walter & Keenan Financial Consulting Co. MI ADV maintained its stake in Energy Transfer Equity, L.P. (NYSE:ETE) during the second quarter, Holdings Channel reports. The institutional investor owned 11,400 shares of the pipeline company’s stock at the end of the second quarter. Walter & Keenan Financial Consulting Co. MI ADV’s holdings in Energy Transfer Equity, L.P. were worth $205,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Botty Investors LLC purchased a new stake in Energy Transfer Equity, L.P. during the first quarter worth approximately $144,000. Sei Investments Co. raised its stake in Energy Transfer Equity, L.P. by 6.1% in the second quarter. Sei Investments Co. now owns 8,700 shares of the pipeline company’s stock worth $156,000 after buying an additional 500 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Energy Transfer Equity, L.P. during the first quarter worth approximately $163,000. Hirtle Callaghan & Co LLC purchased a new stake in Energy Transfer Equity, L.P. during the first quarter worth approximately $178,000. Finally, Round Table Services LLC purchased a new stake in Energy Transfer Equity, L.P. during the second quarter worth approximately $197,000. 50.41% of the stock is owned by institutional investors.

Energy Transfer Equity, L.P. (NYSE:ETE) opened at 17.23 on Friday. The company’s 50-day moving average is $17.53 and its 200 day moving average is $18.15. Energy Transfer Equity, L.P. has a 12 month low of $13.77 and a 12 month high of $20.05. The company has a market cap of $18.53 billion, a price-to-earnings ratio of 31.21 and a beta of 1.90. Energy Transfer Equity, L.P. also was the target of some unusual options trading on Wednesday. Stock investors purchased 19,918 call options on the stock. This represents an increase of 329% compared to the typical volume of 4,644 call options.

Energy Transfer Equity, L.P. (NYSE:ETE) last issued its quarterly earnings data on Tuesday, August 8th. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.07. The business had revenue of $8.94 billion during the quarter, compared to analyst estimates of $11.41 billion. Energy Transfer Equity, L.P. had a net margin of 2.18% and a return on equity of 3.84%. Energy Transfer Equity, L.P.’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 earnings per share. Equities analysts forecast that Energy Transfer Equity, L.P. will post $1.19 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, August 7th will be paid a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 6.62%. The ex-dividend date is Thursday, August 3rd. Energy Transfer Equity, L.P.’s payout ratio is 144.31%.

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ETE has been the subject of a number of analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $22.00 price objective on shares of Energy Transfer Equity, L.P. in a research note on Tuesday, May 23rd. Deutsche Bank AG reduced their price objective on shares of Energy Transfer Equity, L.P. from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, June 21st. Jefferies Group LLC raised shares of Energy Transfer Equity, L.P. from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Wednesday, April 19th. Stifel Nicolaus initiated coverage on shares of Energy Transfer Equity, L.P. in a research note on Thursday, July 13th. They set a “buy” rating and a $20.00 price objective for the company. Finally, ValuEngine lowered shares of Energy Transfer Equity, L.P. from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $20.72.

About Energy Transfer Equity, L.P.

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.

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Institutional Ownership by Quarter for Energy Transfer Equity, L.P. (NYSE:ETE)

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