Ray Gerald L & Associates Ltd. cut its position in shares of Energy Transfer Equity, L.P. (NYSE:ETE) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,148 shares of the pipeline company’s stock after selling 800 shares during the period. Ray Gerald L & Associates Ltd.’s holdings in Energy Transfer Equity, L.P. were worth $1,314,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Waldron LP bought a new stake in Energy Transfer Equity, L.P. during the first quarter worth about $403,000. First Manhattan Co. increased its stake in Energy Transfer Equity, L.P. by 15.5% in the first quarter. First Manhattan Co. now owns 14,887 shares of the pipeline company’s stock worth $249,000 after buying an additional 2,000 shares in the last quarter. Jennison Associates LLC increased its stake in Energy Transfer Equity, L.P. by 30.3% in the first quarter. Jennison Associates LLC now owns 586,227 shares of the pipeline company’s stock worth $11,566,000 after buying an additional 136,432 shares in the last quarter. Advisory Services Network LLC bought a new stake in Energy Transfer Equity, L.P. during the first quarter worth about $163,000. Finally, ING Groep NV increased its stake in Energy Transfer Equity, L.P. by 2,796.7% in the first quarter. ING Groep NV now owns 7,041,900 shares of the pipeline company’s stock worth $138,937,000 after buying an additional 6,798,800 shares in the last quarter. Institutional investors own 48.44% of the company’s stock.

Energy Transfer Equity, L.P. (NYSE ETE) opened at 16.91 on Wednesday. Energy Transfer Equity, L.P. has a 52-week low of $13.77 and a 52-week high of $20.05. The stock has a 50 day moving average price of $17.46 and a 200 day moving average price of $18.02. The firm has a market cap of $18.25 billion, a P/E ratio of 21.32 and a beta of 1.90.

Energy Transfer Equity, L.P. (NYSE:ETE) last announced its quarterly earnings data on Tuesday, August 8th. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.07. The firm had revenue of $8.94 billion during the quarter, compared to analysts’ expectations of $11.41 billion. Energy Transfer Equity, L.P. had a return on equity of 3.79% and a net margin of 2.18%. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share. Equities analysts predict that Energy Transfer Equity, L.P. will post $1.31 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 7th were paid a $0.285 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 6.74%. Energy Transfer Equity, L.P.’s dividend payout ratio (DPR) is presently 144.31%.

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A number of analysts recently issued reports on the company. Stifel Nicolaus assumed coverage on Energy Transfer Equity, L.P. in a research report on Thursday, July 13th. They issued a “buy” rating and a $20.00 target price on the stock. BidaskClub downgraded Energy Transfer Equity, L.P. from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. ValuEngine downgraded 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 target price 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 target price on Energy Transfer Equity, L.P. and gave the company a “hold” rating in a research report on Friday, August 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Energy Transfer Equity, L.P. has a consensus rating of “Buy” and an average target price of $20.77.

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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