Good Life Advisors LLC cut its stake in Energy Transfer Equity, L.P. (NYSE:ETE) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,587 shares of the pipeline company’s stock after selling 153 shares during the period. Good Life Advisors LLC’s holdings in Energy Transfer Equity, L.P. were worth $277,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of ETE. Penserra Capital Management LLC acquired a new position in shares of Energy Transfer Equity, L.P. during the second quarter valued at approximately $106,000. Botty Investors LLC acquired a new position in shares of Energy Transfer Equity, L.P. during the first quarter valued at approximately $144,000. Sei Investments Co. increased its position in shares of 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 valued at $156,000 after buying an additional 500 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Energy Transfer Equity, L.P. during the first quarter valued at approximately $163,000. Finally, Hirtle Callaghan & Co LLC acquired a new position in shares of Energy Transfer Equity, L.P. during the first quarter valued at approximately $178,000. 48.44% of the stock is currently owned by institutional investors.

Shares of Energy Transfer Equity, L.P. (NYSE ETE) opened at 16.94 on Thursday. The firm has a market cap of $18.28 billion, a price-to-earnings ratio of 21.36 and a beta of 1.90. Energy Transfer Equity, L.P. has a 52 week low of $13.77 and a 52 week high of $20.05. The company has a 50-day moving average price of $17.46 and a 200 day moving average price of $18.02.

Energy Transfer Equity, L.P. (NYSE:ETE) last posted 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 company had revenue of $8.94 billion for the quarter, compared to analysts’ expectations of $11.41 billion. Energy Transfer Equity, L.P. had a net margin of 2.18% and a return on equity of 3.79%. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.23 earnings per share. Analysts expect that Energy Transfer Equity, L.P. will post $1.31 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 7th were issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 6.73%. The ex-dividend date of this dividend was Thursday, August 3rd. Energy Transfer Equity, L.P.’s payout ratio is 144.31%.

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Several brokerages have commented on ETE. Stifel Nicolaus began coverage on Energy Transfer Equity, L.P. in a research report on Thursday, July 13th. They issued a “buy” rating and a $20.00 price target on the stock. BidaskClub cut Energy Transfer Equity, L.P. from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. ValuEngine cut Energy Transfer Equity, L.P. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Deutsche Bank AG lowered their price objective on Energy Transfer Equity, L.P. from $23.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, June 21st. Finally, BMO Capital Markets set a $19.00 price objective on Energy Transfer Equity, L.P. and gave the company a “hold” rating in a research report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Energy Transfer Equity, L.P. has a consensus rating of “Buy” and a consensus price target 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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