Johnson Financial Group LLC Has $302,000 Holdings in Energy Transfer Equity, L.P. (ETE)

Johnson Financial Group LLC grew its position in shares of Energy Transfer Equity, L.P. (NYSE:ETE) by 42.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,410 shares of the pipeline company’s stock after acquiring an additional 5,200 shares during the quarter. Johnson Financial Group LLC’s holdings in Energy Transfer Equity, L.P. were worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Penserra Capital Management LLC purchased a new position in Energy Transfer Equity, L.P. during the 2nd quarter worth $106,000. Ffcm LLC boosted its holdings in Energy Transfer Equity, L.P. by 226.7% during the 2nd quarter. Ffcm LLC now owns 6,273 shares of the pipeline company’s stock worth $114,000 after acquiring an additional 4,353 shares during the last quarter. AllSquare Wealth Management LLC purchased a new position in Energy Transfer Equity, L.P. during the 3rd quarter worth $139,000. Sei Investments Co. boosted its holdings in Energy Transfer Equity, L.P. by 6.1% during the 2nd quarter. Sei Investments Co. now owns 8,700 shares of the pipeline company’s stock worth $156,000 after acquiring an additional 500 shares during the last quarter. Finally, Advisory Services Network LLC boosted its holdings in Energy Transfer Equity, L.P. by 12.6% during the 2nd quarter. Advisory Services Network LLC now owns 9,331 shares of the pipeline company’s stock worth $168,000 after acquiring an additional 1,047 shares during the last quarter. 47.15% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on the stock. Jefferies Group LLC cut their price objective on shares of Energy Transfer Equity, L.P. from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Sunday, September 10th. BMO Capital Markets set a $19.00 price target on shares of Energy Transfer Equity, L.P. and gave the stock a “hold” rating in a report on Friday, August 18th. Stifel Nicolaus reissued a “buy” rating and issued a $20.00 price target on shares of Energy Transfer Equity, L.P. in a report on Thursday, October 12th. Sanford C. Bernstein reissued an “outperform” rating on shares of Energy Transfer Equity, L.P. in a report on Thursday, August 10th. Finally, Zacks Investment Research raised shares of Energy Transfer Equity, L.P. from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $21.63.

Shares of Energy Transfer Equity, L.P. (NYSE:ETE) traded up $0.12 during trading on Thursday, reaching $16.17. The company had a trading volume of 3,411,751 shares, compared to its average volume of 5,330,197. Energy Transfer Equity, L.P. has a fifty-two week low of $15.03 and a fifty-two week high of $20.05. The company has a market cap of $17,450.00, a PE ratio of 19.11 and a beta of 1.91. The company has a quick ratio of 1.11, a current ratio of 1.36 and a debt-to-equity ratio of 1.69.

Energy Transfer Equity, L.P. (NYSE:ETE) last announced its quarterly earnings data on Tuesday, November 7th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.12). Energy Transfer Equity, L.P. had a net margin of 2.29% and a return on equity of 3.84%. The firm had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $16.25 billion. During the same quarter in the prior year, the firm posted $0.19 earnings per share. The company’s revenue was up 23.0% on a year-over-year basis. research analysts predict that Energy Transfer Equity, L.P. will post 1.11 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Tuesday, November 7th were paid a $0.295 dividend. This is a boost from Energy Transfer Equity, L.P.’s previous quarterly dividend of $0.29. This represents a $1.18 dividend on an annualized basis and a yield of 7.30%. The ex-dividend date was Monday, November 6th. Energy Transfer Equity, L.P.’s payout ratio is currently 113.46%.

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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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