Cohen Capital Management Inc. raised its stake in shares of Energy Transfer Equity L.P. (NYSE:ETE) by 5.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 82,100 shares of the company’s stock after buying an additional 4,600 shares during the period. Cohen Capital Management Inc.’s holdings in Energy Transfer Equity L.P. were worth $1,378,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Signaturefd LLC boosted its stake in shares of Energy Transfer Equity L.P. by 0.4% in the second quarter. Signaturefd LLC now owns 46,350 shares of the company’s stock valued at $666,000 after buying an additional 200 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of Energy Transfer Equity L.P. by 3.2% in the third quarter. Advisory Services Network LLC now owns 8,220 shares of the company’s stock valued at $138,000 after buying an additional 254 shares in the last quarter. Trust Co. of Vermont boosted its stake in shares of Energy Transfer Equity L.P. by 2.3% in the second quarter. Trust Co. of Vermont now owns 17,800 shares of the company’s stock valued at $256,000 after buying an additional 400 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Energy Transfer Equity L.P. by 1.0% in the second quarter. Oppenheimer & Co. Inc. now owns 51,212 shares of the company’s stock valued at $736,000 after buying an additional 509 shares in the last quarter. Finally, Integrated Wealth Management boosted its stake in shares of Energy Transfer Equity L.P. by 6.7% in the second quarter. Integrated Wealth Management now owns 10,172 shares of the company’s stock valued at $146,000 after buying an additional 643 shares in the last quarter. Hedge funds and other institutional investors own 43.80% of the company’s stock.

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

Shares of Energy Transfer Equity L.P. (NYSE:ETE) traded down 4.97% during midday trading on Monday, hitting $16.44. 9,067,204 shares of the stock traded hands. The company has a market cap of $17.19 billion, a price-to-earnings ratio of 16.33 and a beta of 1.81. Energy Transfer Equity L.P. has a 52-week low of $4.00 and a 52-week high of $19.99. The stock has a 50-day moving average of $16.01 and a 200-day moving average of $15.73.

Energy Transfer Equity L.P. (NYSE:ETE) last issued its 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 analysts’ expectations of $8.53 billion. During the same period last year, the firm earned $0.28 earnings per share. Energy Transfer Equity L.P.’s revenue for the quarter was down 8.8% on a year-over-year basis. On average, equities analysts predict that Energy Transfer Equity L.P. will post $0.99 earnings per share for the current fiscal year.

The company also recently announced 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 6.93%. The ex-dividend date of this dividend was Thursday, November 3rd. Energy Transfer Equity L.P.’s dividend payout ratio (DPR) is presently 111.77%.

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Several brokerages have recently issued reports on ETE. Sanford C. Bernstein upgraded shares of Energy Transfer Equity L.P. from a “market perform” rating to an “outperform” rating and set a $17.00 target price on the stock in a research report on Monday, November 7th. Credit Suisse Group AG set a $20.00 price target on shares of Energy Transfer Equity L.P. and gave the company a “buy” rating in a report on Tuesday, November 22nd. Jefferies Group reiterated a “buy” rating and set a $20.00 price target on shares of Energy Transfer Equity L.P. in a report on Thursday, August 4th. Morgan Stanley initiated coverage on shares of Energy Transfer Equity L.P. in a report on Monday, August 15th. They set an “overweight” rating and a $20.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of Energy Transfer Equity L.P. from a “hold” rating to a “sell” rating in a report on Monday, September 26th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Energy Transfer Equity L.P. presently has an average rating of “Buy” and a consensus target price of $18.88.

Energy Transfer Equity L.P. Company Profile

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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