Neuberger Berman Group LLC boosted its position in Energy Transfer Equity, L.P. (NYSE:ETE) by 2.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,638,715 shares of the pipeline company’s stock after buying an additional 639,558 shares during the period. Energy Transfer Equity, L.P. comprises 0.7% of Neuberger Berman Group LLC’s portfolio, making the stock its 12th largest position. Neuberger Berman Group LLC owned 2.82% of Energy Transfer Equity, L.P. worth $550,271,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Waldron LP purchased a new stake in Energy Transfer Equity, L.P. during the first quarter worth approximately $403,000. First Manhattan Co. boosted its stake in Energy Transfer Equity, L.P. by 15.5% in the first quarter. First Manhattan Co. now owns 14,887 shares of the pipeline company’s stock worth $249,000 after buying an additional 2,000 shares during the period. Hennessy Advisors Inc. purchased a new stake in Energy Transfer Equity, L.P. during the first quarter worth approximately $4,195,000. Jennison Associates LLC boosted its stake in Energy Transfer Equity, L.P. by 30.3% in the first quarter. Jennison Associates LLC now owns 586,227 shares of the pipeline company’s stock worth $11,566,000 after buying an additional 136,432 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in Energy Transfer Equity, L.P. during the first quarter worth approximately $163,000. Institutional investors and hedge funds own 50.27% of the company’s stock.

Shares of Energy Transfer Equity, L.P. (NYSE ETE) traded up 0.60% during midday trading on Friday, reaching $16.90. The company’s stock had a trading volume of 1,604,157 shares. Energy Transfer Equity, L.P. has a 1-year low of $13.77 and a 1-year high of $20.05. The company has a market capitalization of $18.24 billion, a P/E ratio of 21.31 and a beta of 1.90. The stock has a 50 day moving average of $17.46 and a 200-day moving average of $18.02.

Energy Transfer Equity, L.P. (NYSE:ETE) last announced its quarterly 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. Energy Transfer Equity, L.P. had a net margin of 2.18% and a return on equity of 3.79%. The firm had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $11.41 billion. During the same period in the prior year, the business earned $0.23 earnings per share. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, equities research analysts anticipate that Energy Transfer Equity, L.P. will post $1.29 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 7th were issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 6.75%. The ex-dividend date of this dividend was Thursday, August 3rd. Energy Transfer Equity, L.P.’s dividend payout ratio is currently 144.31%.

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A number of analysts have recently commented on ETE shares. Sanford C. Bernstein upgraded Energy Transfer Equity, L.P. from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $19.00 to $23.00 in a research report on Wednesday, May 10th. Wolfe Research reiterated a “market perform” rating on shares of Energy Transfer Equity, L.P. in a research report on Friday, May 12th. Royal Bank Of Canada reiterated a “buy” rating and set a $22.00 target price on shares of Energy Transfer Equity, L.P. in a research report on Tuesday, May 23rd. ValuEngine cut Energy Transfer Equity, L.P. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub cut Energy Transfer Equity, L.P. from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Energy Transfer Equity, L.P. currently has an average rating of “Buy” and an average price target 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.

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

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