Energy Transfer Equity, L.P. (ETE) Position Lessened by Tiaa Fsb

Tiaa Fsb lessened its holdings in Energy Transfer Equity, L.P. (NYSE:ETE) by 46.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,760 shares of the pipeline company’s stock after selling 10,062 shares during the period. Tiaa Fsb’s holdings in Energy Transfer Equity, L.P. were worth $204,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Penserra Capital Management LLC purchased a new stake in shares of Energy Transfer Equity, L.P. in the second quarter worth $106,000. Ffcm LLC raised its position in Energy Transfer Equity, L.P. by 226.7% during the second quarter. Ffcm LLC now owns 6,273 shares of the pipeline company’s stock valued at $114,000 after purchasing an additional 4,353 shares in the last quarter. Sei Investments Co. raised its position in Energy Transfer Equity, L.P. by 6.1% during the second quarter. Sei Investments Co. now owns 8,700 shares of the pipeline company’s stock valued at $156,000 after purchasing an additional 500 shares in the last quarter. Advisory Services Network LLC raised its position in Energy Transfer Equity, L.P. by 12.6% during the second quarter. Advisory Services Network LLC now owns 9,331 shares of the pipeline company’s stock valued at $168,000 after purchasing an additional 1,047 shares in the last quarter. Finally, Frontier Wealth Management LLC purchased a new stake in Energy Transfer Equity, L.P. during the second quarter valued at about $185,000. Institutional investors own 48.50% of the company’s stock.

Energy Transfer Equity, L.P. (ETE) opened at 17.69 on Tuesday. 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 50 day moving average price of $17.53 and a 200 day moving average price of $17.53. The stock has a market cap of $19.09 billion, a P/E ratio of 22.31 and a beta of 1.90.

Energy Transfer Equity, L.P. (NYSE:ETE) last announced its earnings results on Tuesday, August 8th. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.07). The business 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 firm’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 earnings per share. On average, analysts forecast that Energy Transfer Equity, L.P. will post $1.32 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Tuesday, November 7th will be given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 6.67%. This is a boost from Energy Transfer Equity, L.P.’s previous quarterly dividend of $0.29. The ex-dividend date is Monday, November 6th. Energy Transfer Equity, L.P.’s dividend payout ratio is currently 144.31%.

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A number of equities research analysts have weighed in on ETE shares. Morgan Stanley upgraded Energy Transfer Equity, L.P. to a “buy” rating in a research report on Wednesday, August 30th. Stifel Nicolaus restated a “buy” rating and set a $20.00 price target on shares of Energy Transfer Equity, L.P. in a research report on Thursday, October 12th. Jefferies Group LLC lowered their price target on Energy Transfer Equity, L.P. from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Sunday, September 10th. Royal Bank Of Canada restated a “buy” rating and set a $22.00 price target on shares of Energy Transfer Equity, L.P. in a research report on Wednesday, September 6th. Finally, Goldman Sachs Group, Inc. (The) upgraded Energy Transfer Equity, L.P. from a “neutral” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $21.63.

Energy Transfer Equity, L.P. 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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