Energy Transfer Equity, L.P. (NYSE:ETE) Stake Raised by Ffcm LLC

Ffcm LLC boosted its position in shares of Energy Transfer Equity, L.P. (NYSE:ETE) by 226.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,273 shares of the pipeline company’s stock after buying an additional 4,353 shares during the period. Ffcm LLC’s holdings in Energy Transfer Equity, L.P. were worth $114,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Morgan Stanley lifted its stake in shares of Energy Transfer Equity, L.P. by 1.1% in the 1st quarter. Morgan Stanley now owns 48,923,092 shares of the pipeline company’s stock valued at $965,253,000 after purchasing an additional 529,737 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in shares of Energy Transfer Equity, L.P. by 2.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 30,638,715 shares of the pipeline company’s stock valued at $550,271,000 after purchasing an additional 639,558 shares during the last quarter. OppenheimerFunds Inc. lifted its stake in shares of Energy Transfer Equity, L.P. by 4.3% in the 1st quarter. OppenheimerFunds Inc. now owns 27,097,302 shares of the pipeline company’s stock valued at $534,629,000 after purchasing an additional 1,112,663 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Energy Transfer Equity, L.P. by 35.9% in the 2nd quarter. Bank of Montreal Can now owns 23,022,988 shares of the pipeline company’s stock valued at $413,493,000 after purchasing an additional 6,078,618 shares during the last quarter. Finally, Chickasaw Capital Management LLC lifted its stake in shares of Energy Transfer Equity, L.P. by 0.4% in the 2nd quarter. Chickasaw Capital Management LLC now owns 22,428,755 shares of the pipeline company’s stock valued at $402,820,000 after purchasing an additional 96,717 shares during the last quarter. 48.44% of the stock is owned by institutional investors.

Several research firms have recently issued reports on ETE. Jefferies Group LLC lowered their price objective on Energy Transfer Equity, L.P. from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Sunday, September 10th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Energy Transfer Equity, L.P. in a research note on Wednesday, September 6th. Morgan Stanley reiterated an “overweight” rating on shares of Energy Transfer Equity, L.P. in a report on Tuesday, September 5th. BMO Capital Markets set a $19.00 price target on Energy Transfer Equity, L.P. and gave the stock a “hold” rating in a report on Friday, August 18th. Finally, BidaskClub downgraded Energy Transfer Equity, L.P. from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $20.68.

Shares of Energy Transfer Equity, L.P. (ETE) traded down 1.37% during mid-day trading on Friday, reaching $17.26. The company’s stock had a trading volume of 878,775 shares. The stock has a 50 day moving average of $17.32 and a 200-day moving average of $17.88. The stock has a market cap of $18.63 billion, a P/E ratio of 21.77 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 announced its quarterly earnings data 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 business 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 company earned $0.23 EPS. Energy Transfer Equity, L.P.’s quarterly revenue was up 20.5% on a year-over-year basis. On average, equities research analysts expect that Energy Transfer Equity, L.P. will post $1.30 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 7th were given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date of this dividend was Thursday, August 3rd. Energy Transfer Equity, L.P.’s dividend payout ratio is presently 144.31%.

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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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