Energy Transfer Equity, L.P. (NYSE:ETE) is Eagle Global Advisors LLC’s 2nd Largest Position

Eagle Global Advisors LLC boosted its stake in shares of Energy Transfer Equity, L.P. (NYSE:ETE) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,655,068 shares of the pipeline company’s stock after buying an additional 49,112 shares during the period. Energy Transfer Equity, L.P. makes up 5.0% of Eagle Global Advisors LLC’s holdings, making the stock its 2nd largest position. Eagle Global Advisors LLC owned 0.89% of Energy Transfer Equity, L.P. worth $173,405,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. SignalPoint Asset Management LLC raised its position in shares of Energy Transfer Equity, L.P. by 0.3% in the first quarter. SignalPoint Asset Management LLC now owns 12,519 shares of the pipeline company’s stock valued at $346,000 after buying an additional 41 shares during the period. Suntrust Banks Inc. increased its stake in shares of Energy Transfer Equity, L.P. by 0.4% in the first quarter. Suntrust Banks Inc. now owns 13,525 shares of the pipeline company’s stock worth $266,000 after buying an additional 51 shares during the period. Sheaff Brock Investment Advisors LLC boosted its position in Energy Transfer Equity, L.P. by 0.7% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 15,079 shares of the pipeline company’s stock worth $298,000 after buying an additional 100 shares in the last quarter. Arcus Capital Partners LLC boosted its position in Energy Transfer Equity, L.P. by 0.8% in the first quarter. Arcus Capital Partners LLC now owns 15,294 shares of the pipeline company’s stock worth $302,000 after buying an additional 128 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its position in Energy Transfer Equity, L.P. by 0.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 64,499 shares of the pipeline company’s stock worth $1,273,000 after buying an additional 183 shares in the last quarter. 50.27% of the stock is owned by institutional investors and hedge funds.

Shares of Energy Transfer Equity, L.P. (NYSE:ETE) opened at 16.67 on Friday. Energy Transfer Equity, L.P. has a 12 month low of $13.77 and a 12 month high of $20.05. The stock has a market capitalization of $17.99 billion, a PE ratio of 21.02 and a beta of 1.90. The stock’s 50 day moving average is $17.62 and its 200 day moving average is $18.08.

Energy Transfer Equity, L.P. (NYSE:ETE) last issued its quarterly earnings data on Tuesday, August 8th. The pipeline company reported $0.18 EPS for the quarter, missing the Zacks’ 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 3.79%. Energy Transfer Equity, L.P.’s revenue was up 20.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. Analysts anticipate that Energy Transfer Equity, L.P. will post $1.18 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 7th will be paid a $0.285 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.14 dividend on an annualized basis and a yield of 6.84%. Energy Transfer Equity, L.P.’s payout ratio is 144.31%.

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ETE has been the topic of a number of recent research reports. BidaskClub raised Energy Transfer Equity, L.P. from a “sell” rating to a “hold” rating in a research note on Monday, July 3rd. Royal Bank Of Canada reissued a “buy” rating and issued a $22.00 target price on shares of Energy Transfer Equity, L.P. in a research note on Tuesday, May 23rd. Wolfe Research restated a “market perform” rating on shares of Energy Transfer Equity, L.P. in a report on Friday, May 12th. Sanford C. Bernstein upgraded shares of Energy Transfer Equity, L.P. from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $19.00 to $23.00 in a report on Wednesday, May 10th. Finally, Zacks Investment Research lowered shares of Energy Transfer Equity, L.P. from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price 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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