Energy Transfer Equity, L.P. (NYSE:ETE) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. reduced its position in shares of Energy Transfer Equity, L.P. (NYSE:ETE) by 6.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,717 shares of the pipeline company’s stock after selling 2,858 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Energy Transfer Equity, L.P. were worth $749,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Suntrust Banks Inc. increased its stake in 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 purchasing an additional 51 shares during the period. Arcus Capital Partners LLC increased its stake in shares of Energy Transfer Equity, L.P. by 0.8% during the first quarter. Arcus Capital Partners LLC now owns 15,294 shares of the pipeline company’s stock worth $302,000 after acquiring an additional 128 shares during the period. LVW Advisors LLC increased its stake in shares of Energy Transfer Equity, L.P. by 0.4% during the first quarter. LVW Advisors LLC now owns 66,325 shares of the pipeline company’s stock worth $1,309,000 after acquiring an additional 250 shares during the period. National Asset Management Inc. increased its stake in shares of Energy Transfer Equity, L.P. by 1.3% during the first quarter. National Asset Management Inc. now owns 20,190 shares of the pipeline company’s stock worth $399,000 after acquiring an additional 253 shares during the period. Finally, Sigma Planning Corp increased its stake in shares of Energy Transfer Equity, L.P. by 2.6% during the second quarter. Sigma Planning Corp now owns 19,403 shares of the pipeline company’s stock worth $348,000 after acquiring an additional 484 shares during the period. 48.38% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently commented on ETE shares. Morgan Stanley raised shares of Energy Transfer Equity, L.P. to a “buy” rating in a report on Wednesday, August 30th. Deutsche Bank AG decreased their price objective on shares of Energy Transfer Equity, L.P. from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Wednesday, June 21st. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $22.00 price target on shares of Energy Transfer Equity, L.P. in a report on Wednesday, September 6th. Zacks Investment Research downgraded shares of Energy Transfer Equity, L.P. from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 25th. Finally, Stifel Nicolaus assumed coverage on shares of Energy Transfer Equity, L.P. in a report on Thursday, July 13th. They issued a “buy” rating and a $20.00 price target on the stock. One equities 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 company has an average rating of “Buy” and an average price target of $20.68.

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Energy Transfer Equity, L.P. (NYSE:ETE) traded up 0.12% during midday trading on Friday, reaching $17.33. 12,200,681 shares of the company were exchanged. The firm’s 50-day moving average is $17.30 and its 200-day moving average is $17.83. The firm has a market cap of $18.70 billion, a P/E ratio of 21.85 and a beta of 1.90. Energy Transfer Equity, L.P. has a one year low of $13.77 and a one year high of $20.05.

Energy Transfer Equity, L.P. (NYSE:ETE) last posted its quarterly earnings data on Tuesday, August 8th. The pipeline company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.07). Energy Transfer Equity, L.P. had a return on equity of 3.79% and a net margin of 2.18%. The firm had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $11.41 billion. During the same quarter in the previous year, the business earned $0.23 EPS. The firm’s quarterly revenue was up 20.5% on a year-over-year basis. On average, equities analysts expect that Energy Transfer Equity, L.P. will post $1.30 EPS for the current fiscal year.

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.

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

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