Atwood & Palmer Inc. maintained its stake in shares of Energy Transfer Equity, L.P. (NYSE:ETE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,200 shares of the pipeline company’s stock at the end of the second quarter. Atwood & Palmer Inc.’s holdings in Energy Transfer Equity, L.P. were worth $111,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Suntrust Banks Inc. raised its stake in shares of Energy Transfer Equity, L.P. by 0.4% in the first quarter. Suntrust Banks Inc. now owns 13,525 shares of the pipeline company’s stock valued at $266,000 after buying an additional 51 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in Energy Transfer Equity, L.P. by 0.7% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 15,079 shares of the pipeline company’s stock valued at $298,000 after buying an additional 100 shares in the last quarter. Arcus Capital Partners LLC raised its stake in Energy Transfer Equity, L.P. by 0.8% in the first quarter. Arcus Capital Partners LLC now owns 15,294 shares of the pipeline company’s stock valued at $302,000 after buying an additional 128 shares in the last quarter. LVW Advisors LLC raised its stake in Energy Transfer Equity, L.P. by 0.4% in the first quarter. LVW Advisors LLC now owns 66,325 shares of the pipeline company’s stock valued at $1,309,000 after buying an additional 250 shares in the last quarter. Finally, National Asset Management Inc. raised its stake in Energy Transfer Equity, L.P. by 1.3% in the first quarter. National Asset Management Inc. now owns 20,190 shares of the pipeline company’s stock valued at $399,000 after buying an additional 253 shares in the last quarter. Institutional investors own 48.44% of the company’s stock.

Energy Transfer Equity, L.P. (ETE) opened at 16.99 on Thursday. The stock has a market capitalization of $18.34 billion, a price-to-earnings ratio of 21.42 and a beta of 1.90. Energy Transfer Equity, L.P. has a 12-month low of $13.77 and a 12-month high of $20.05. The firm 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 released its quarterly earnings data on Tuesday, August 8th. The pipeline company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by $0.07. The company had revenue of $8.94 billion during the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 EPS. Equities research analysts forecast that Energy Transfer Equity, L.P. will post $1.31 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 7th were issued a $0.285 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $1.14 dividend on an annualized basis and a yield of 6.73%. Energy Transfer Equity, L.P.’s dividend payout ratio is presently 144.31%.

TRADEMARK VIOLATION NOTICE: “Atwood & Palmer Inc. Has $111,000 Position in Energy Transfer Equity, L.P. (ETE)” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/08/31/atwood-palmer-inc-has-111000-position-in-energy-transfer-equity-l-p-ete.html.

Several research firms recently commented on ETE. Zacks Investment Research upgraded shares of Energy Transfer Equity, L.P. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 1st. BMO Capital Markets set a $19.00 price objective on shares of Energy Transfer Equity, L.P. and gave the stock a “hold” rating in a research report on Friday, August 18th. BidaskClub lowered shares of Energy Transfer Equity, L.P. from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Energy Transfer Equity, L.P. in a research report on Thursday, August 10th. Finally, ValuEngine lowered shares of Energy Transfer Equity, L.P. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $20.77.

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.

Want to see what other hedge funds are holding ETE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Energy Transfer Equity, L.P. (NYSE:ETE).

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

Receive News & Stock Ratings for Energy Transfer Equity L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy Transfer Equity L.P. and related stocks with our FREE daily email newsletter.