Grassi Investment Management lowered its stake in shares of Energy Transfer Equity LP (NYSE:ETE) by 28.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,100 shares of the pipeline company’s stock after selling 4,700 shares during the quarter. Grassi Investment Management’s holdings in Energy Transfer Equity were worth $209,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Raymond James Trust N.A. grew its holdings in shares of Energy Transfer Equity by 0.7% during the second quarter. Raymond James Trust N.A. now owns 19,091 shares of the pipeline company’s stock worth $343,000 after buying an additional 131 shares during the last quarter. Linscomb & Williams Inc. grew its holdings in shares of Energy Transfer Equity by 0.5% during the second quarter. Linscomb & Williams Inc. now owns 38,658 shares of the pipeline company’s stock worth $694,000 after buying an additional 188 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Energy Transfer Equity by 6.1% during 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 during the last quarter. Fiera Capital Corp grew its holdings in shares of Energy Transfer Equity by 0.3% during the second quarter. Fiera Capital Corp now owns 234,473 shares of the pipeline company’s stock worth $4,211,000 after buying an additional 606 shares during the last quarter. Finally, D.A. Davidson & CO. grew its holdings in shares of Energy Transfer Equity by 1.3% during the second quarter. D.A. Davidson & CO. now owns 56,428 shares of the pipeline company’s stock worth $1,013,000 after buying an additional 751 shares during the last quarter. 51.53% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Energy Transfer Equity LP (NYSE ETE) traded up $0.01 during trading hours on Wednesday, reaching $17.31. 3,590,000 shares of the company were exchanged, compared to its average volume of 5,150,000. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.11 and a current ratio of 1.36. The firm has a market capitalization of $18,680.00, a P/E ratio of 16.64 and a beta of 1.87. Energy Transfer Equity LP has a 1 year low of $15.03 and a 1 year high of $19.85.

Energy Transfer Equity (NYSE:ETE) last announced its quarterly earnings data on Tuesday, November 7th. The pipeline company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.12). The firm had revenue of $9.47 billion during the quarter, compared to analyst estimates of $16.25 billion. Energy Transfer Equity had a net margin of 2.29% and a return on equity of 3.84%. Energy Transfer Equity’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 EPS. analysts predict that Energy Transfer Equity LP will post 0.99 earnings per share for the current fiscal year.

ETE has been the topic of a number of research reports. Stifel Nicolaus reissued a “buy” rating and set a $20.00 price target on shares of Energy Transfer Equity in a report on Thursday, October 12th. Robert W. Baird reissued a “buy” rating and set a $24.00 price target on shares of Energy Transfer Equity in a report on Friday, October 27th. Mizuho reissued a “buy” rating and set a $21.00 price target on shares of Energy Transfer Equity in a report on Friday, October 20th. Goldman Sachs Group raised Energy Transfer Equity from a “neutral” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Tuesday, October 17th. Finally, Jefferies Group restated a “buy” rating and issued a $20.00 price objective on shares of Energy Transfer Equity in a research report on Monday, October 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $21.88.

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Energy Transfer Equity 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.

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

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