Raymond James & Associates grew its stake in Energy Transfer Equity LP (NYSE:ETE) by 3.0% during the fourth quarter, HoldingsChannel reports. The fund owned 750,538 shares of the pipeline company’s stock after purchasing an additional 21,689 shares during the quarter. Raymond James & Associates’ holdings in Energy Transfer Equity were worth $12,954,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Ballentine Partners LLC grew its stake in Energy Transfer Equity by 3.5% in the 4th quarter. Ballentine Partners LLC now owns 100,568 shares of the pipeline company’s stock worth $1,736,000 after acquiring an additional 3,418 shares in the last quarter. Highland Capital Management LLC grew its stake in Energy Transfer Equity by 6.6% in the 4th quarter. Highland Capital Management LLC now owns 64,360 shares of the pipeline company’s stock worth $1,111,000 after acquiring an additional 4,000 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in Energy Transfer Equity by 8.5% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 54,034 shares of the pipeline company’s stock worth $939,000 after acquiring an additional 4,249 shares in the last quarter. Castleton Investment Management LLC boosted its stake in shares of Energy Transfer Equity by 10.0% during the third quarter. Castleton Investment Management LLC now owns 55,000 shares of the pipeline company’s stock valued at $956,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Hodges Capital Management Inc. boosted its stake in shares of Energy Transfer Equity by 28.3% during the fourth quarter. Hodges Capital Management Inc. now owns 22,650 shares of the pipeline company’s stock valued at $391,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 49.03% of the company’s stock.

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A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Energy Transfer Equity from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st. Robert W. Baird reiterated a “buy” rating and set a $22.00 price objective on shares of Energy Transfer Equity in a research note on Tuesday, February 27th. Royal Bank of Canada reiterated a “buy” rating and set a $22.00 price objective on shares of Energy Transfer Equity in a research note on Tuesday, January 16th. Bank of America assumed coverage on shares of Energy Transfer Equity in a research note on Tuesday, January 9th. They set a “neutral” rating on the stock. Finally, Credit Suisse Group assumed coverage on shares of Energy Transfer Equity in a research note on Thursday, January 4th. They set an “outperform” rating and a $23.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $21.50.

Shares of Energy Transfer Equity LP (ETE) opened at $14.42 on Friday. The firm has a market cap of $15,820.28, a P/E ratio of 14.10 and a beta of 1.86. Energy Transfer Equity LP has a one year low of $12.80 and a one year high of $19.82. The company has a quick ratio of 1.10, a current ratio of 1.35 and a debt-to-equity ratio of 1.48.

Energy Transfer Equity (NYSE:ETE) last announced its earnings results on Wednesday, February 21st. The pipeline company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.09. The company had revenue of $11.45 billion during the quarter, compared to the consensus estimate of $12.20 billion. Energy Transfer Equity had a net margin of 2.30% and a return on equity of 4.48%. equities research analysts anticipate that Energy Transfer Equity LP will post 1.35 EPS for the current year.

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Energy Transfer Equity 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.

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Institutional Ownership by Quarter for Energy Transfer Equity (NYSE:ETE)

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