JPMorgan Chase & Co. raised its stake in Energy Transfer Equity LP (NYSE:ETE) by 241.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,626,626 shares of the pipeline company’s stock after acquiring an additional 3,270,434 shares during the period. JPMorgan Chase & Co. owned 0.43% of Energy Transfer Equity worth $80,549,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Harvest Fund Advisors LLC raised its holdings in shares of Energy Transfer Equity by 9.4% during the third quarter. Harvest Fund Advisors LLC now owns 45,684,871 shares of the pipeline company’s stock valued at $794,003,000 after buying an additional 3,914,284 shares during the last quarter. Guyasuta Investment Advisors Inc. raised its holdings in shares of Energy Transfer Equity by 63.8% during the third quarter. Guyasuta Investment Advisors Inc. now owns 28,232 shares of the pipeline company’s stock valued at $491,000 after buying an additional 11,000 shares during the last quarter. Van ECK Associates Corp bought a new stake in shares of Energy Transfer Equity during the third quarter valued at approximately $1,171,000. Johnson Financial Group LLC raised its holdings in shares of Energy Transfer Equity by 42.6% during the third quarter. Johnson Financial Group LLC now owns 17,410 shares of the pipeline company’s stock valued at $302,000 after buying an additional 5,200 shares during the last quarter. Finally, ING Groep NV bought a new stake in shares of Energy Transfer Equity during the third quarter valued at approximately $189,859,000. Institutional investors own 51.53% of the company’s stock.

Shares of Energy Transfer Equity LP (NYSE ETE) traded down $0.37 during trading hours on Wednesday, reaching $16.22. The company had a trading volume of 698,007 shares, compared to its average volume of 5,302,771. Energy Transfer Equity LP has a 1 year low of $15.03 and a 1 year high of $20.05. The company has a market capitalization of $18,054.77, a PE ratio of 19.92 and a beta of 1.86. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.11 and a current ratio of 1.36.

Energy Transfer Equity (NYSE:ETE) last announced its earnings results on Tuesday, November 7th. The pipeline company reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.12). The firm had revenue of $9.47 billion for the quarter, compared to the consensus estimate of $16.25 billion. Energy Transfer Equity had a return on equity of 3.84% and a net margin of 2.29%. Energy Transfer Equity’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 EPS. equities analysts predict that Energy Transfer Equity LP will post 0.99 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Tuesday, November 7th were given a $0.295 dividend. This is a positive change from Energy Transfer Equity’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, November 6th. This represents a $1.18 annualized dividend and a yield of 7.27%. Energy Transfer Equity’s payout ratio is 143.90%.

A number of equities research analysts have recently weighed in on the company. Jefferies Group cut their price target on Energy Transfer Equity from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Sunday, September 10th. BMO Capital Markets set a $19.00 target price on Energy Transfer Equity and gave the stock a “hold” rating in a report on Friday, August 18th. Sanford C. Bernstein reissued an “outperform” rating on shares of Energy Transfer Equity in a report on Thursday, August 10th. Stifel Nicolaus reissued a “buy” rating and set a $20.00 target price on shares of Energy Transfer Equity in a report on Thursday, October 12th. Finally, Zacks Investment Research raised Energy Transfer Equity from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $21.78.

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About Energy Transfer Equity

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.

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

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