Cohen & Steers Inc. lowered its position in Energy Transfer Equity L.P. (NYSE:ETE) by 59.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 393,709 shares of the company’s stock after selling 579,112 shares during the period. Cohen & Steers Inc.’s holdings in Energy Transfer Equity L.P. were worth $5,658,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Harvest Fund Advisors LLC raised its stake in shares of Energy Transfer Equity L.P. by 24.5% in the second quarter. Harvest Fund Advisors LLC now owns 26,123,978 shares of the company’s stock worth $375,402,000 after buying an additional 5,140,966 shares in the last quarter. FMR LLC raised its stake in shares of Energy Transfer Equity L.P. by 182.4% in the second quarter. FMR LLC now owns 25,784,300 shares of the company’s stock worth $370,520,000 after buying an additional 16,653,100 shares in the last quarter. Chickasaw Capital Management LLC raised its stake in shares of Energy Transfer Equity L.P. by 21.4% in the second quarter. Chickasaw Capital Management LLC now owns 15,718,344 shares of the company’s stock worth $225,873,000 after buying an additional 2,765,984 shares in the last quarter. Atlantic Trust Group LLC raised its stake in shares of Energy Transfer Equity L.P. by 12.4% in the second quarter. Atlantic Trust Group LLC now owns 10,586,735 shares of the company’s stock worth $152,132,000 after buying an additional 1,163,796 shares in the last quarter. Finally, Eagle Global Advisors LLC raised its stake in shares of Energy Transfer Equity L.P. by 4.6% in the second quarter. Eagle Global Advisors LLC now owns 8,723,862 shares of the company’s stock worth $125,362,000 after buying an additional 380,989 shares in the last quarter. 44.54% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Energy Transfer Equity L.P. (NYSE:ETE) traded up 3.72% on Friday, reaching $17.29. The company had a trading volume of 8,612,833 shares. The firm’s 50 day moving average is $15.87 and its 200 day moving average is $15.34. Energy Transfer Equity L.P. has a 12 month low of $4.00 and a 12 month high of $20.49. The firm has a market capitalization of $18.14 billion, a PE ratio of 15.79 and a beta of 1.81.

Energy Transfer Equity L.P. (NYSE:ETE) last released its quarterly earnings results on Wednesday, November 9th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by $0.04. Energy Transfer Equity L.P. had a return on equity of 6.10% and a net margin of 2.94%. The firm had revenue of $9.68 billion for the quarter, compared to analyst estimates of $8.53 billion. During the same quarter last year, the company earned $0.28 earnings per share. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. On average, equities research analysts expect that Energy Transfer Equity L.P. will post $0.97 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Monday, November 7th were paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 6.59%. The ex-dividend date was Thursday, November 3rd. Energy Transfer Equity L.P.’s dividend payout ratio (DPR) is 111.77%.

ETE has been the subject of a number of research analyst reports. Zacks Investment Research lowered Energy Transfer Equity L.P. from a “hold” rating to a “sell” rating in a research note on Monday, September 26th. Stephens started coverage on Energy Transfer Equity L.P. in a research report on Thursday, September 29th. They set an “equal weight” rating and a $20.00 target price for the company. Sanford C. Bernstein raised Energy Transfer Equity L.P. from a “market perform” rating to an “outperform” rating and set a $17.00 target price for the company in a research report on Monday, November 7th. Robert W. Baird raised Energy Transfer Equity L.P. from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $7.00 to $20.00 in a research report on Monday, September 26th. Finally, Morgan Stanley started coverage on Energy Transfer Equity L.P. in a research report on Monday, August 15th. They set an “overweight” rating and a $20.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $18.15.

About Energy Transfer Equity L.P.

Energy Transfer Equity, L.P. (ETE) directly and indirectly owns equity interests in Energy Transfer Partners, L.P. (ETP) and SUN LP, which are engaged in diversified energy-related services. The Company, through its family of companies, owns and operates over 71,000 miles of natural gas, natural gas liquids (NGL), refined products and crude oil pipelines.

5 Day Chart for NYSE:ETE

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