Private Advisor Group LLC grew its stake in shares of Energy Transfer Equity, L.P. (NYSE:ETE) by 25.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,226 shares of the pipeline company’s stock after acquiring an additional 20,182 shares during the period. Private Advisor Group LLC’s holdings in Energy Transfer Equity, L.P. were worth $1,794,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ETE. Bank of Montreal Can lifted its position in shares of Energy Transfer Equity, L.P. by 35.9% during the second quarter. Bank of Montreal Can now owns 23,022,988 shares of the pipeline company’s stock worth $413,493,000 after acquiring an additional 6,078,618 shares in the last quarter. Atlantic Trust Group LLC lifted its position in shares of Energy Transfer Equity, L.P. by 16.6% during the first quarter. Atlantic Trust Group LLC now owns 13,317,451 shares of the pipeline company’s stock worth $262,753,000 after acquiring an additional 1,892,220 shares in the last quarter. Brookfield Asset Management Inc. lifted its position in shares of Energy Transfer Equity, L.P. by 145.3% during the first quarter. Brookfield Asset Management Inc. now owns 2,869,200 shares of the pipeline company’s stock worth $56,609,000 after acquiring an additional 1,699,700 shares in the last quarter. Pentwater Capital Management LP lifted its position in shares of Energy Transfer Equity, L.P. by 127.5% during the first quarter. Pentwater Capital Management LP now owns 288,400 shares of the pipeline company’s stock worth $5,690,000 after acquiring an additional 1,338,400 shares in the last quarter. Finally, OppenheimerFunds Inc. lifted its position in shares of Energy Transfer Equity, L.P. by 4.3% during the first quarter. OppenheimerFunds Inc. now owns 27,097,302 shares of the pipeline company’s stock worth $534,629,000 after acquiring an additional 1,112,663 shares in the last quarter. Hedge funds and other institutional investors own 48.44% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Private Advisor Group LLC Buys 20,182 Shares of Energy Transfer Equity, L.P. (ETE)” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://www.thecerbatgem.com/2017/09/09/private-advisor-group-llc-buys-20182-shares-of-energy-transfer-equity-l-p-ete.html.

Several equities research analysts have issued reports on ETE shares. BidaskClub downgraded Energy Transfer Equity, L.P. from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Morgan Stanley upgraded Energy Transfer Equity, L.P. to a “buy” rating in a research report on Wednesday, August 30th. ValuEngine downgraded Energy Transfer Equity, L.P. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Royal Bank Of Canada restated a “buy” rating and set a $22.00 target price on shares of Energy Transfer Equity, L.P. in a research report on Wednesday. Finally, Wolfe Research restated a “market perform” rating on shares of Energy Transfer Equity, L.P. in a research report on Friday, May 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $20.75.

Shares of Energy Transfer Equity, L.P. (NYSE:ETE) opened at 17.78 on Friday. The company has a 50 day moving average price of $17.32 and a 200-day moving average price of $17.92. The stock has a market cap of $19.19 billion, a P/E ratio of 22.42 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. Energy Transfer Equity, L.P. also saw some unusual options trading activity on Thursday. Stock traders acquired 32,045 call options on the company. This represents an increase of approximately 415% compared to the typical daily volume of 6,224 call options.

Energy Transfer Equity, L.P. (NYSE:ETE) last released its earnings results on Tuesday, August 8th. The pipeline company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $11.41 billion. During the same quarter last year, the firm posted $0.23 EPS. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. On average, equities research analysts predict that Energy Transfer Equity, L.P. will post $1.31 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 7th were paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date of this dividend was Thursday, August 3rd. Energy Transfer Equity, L.P.’s dividend payout ratio (DPR) is 144.31%.

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.

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.