Camelot Portfolios LLC raised its position in Energy Transfer Equity, L.P. (NYSE:ETE) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,943 shares of the pipeline company’s stock after buying an additional 16 shares during the period. Camelot Portfolios LLC’s holdings in Energy Transfer Equity, L.P. were worth $214,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Beach Investment Counsel Inc. PA raised its position in shares of Energy Transfer Equity, L.P. by 2.7% in the second quarter. Beach Investment Counsel Inc. PA now owns 728,208 shares of the pipeline company’s stock worth $13,079,000 after buying an additional 19,447 shares during the period. Novare Capital Management LLC raised its stake in Energy Transfer Equity, L.P. by 0.4% in the second quarter. Novare Capital Management LLC now owns 172,691 shares of the pipeline company’s stock valued at $3,102,000 after buying an additional 686 shares during the last quarter. Sei Investments Co. raised its stake in Energy Transfer Equity, L.P. by 6.1% in the second quarter. Sei Investments Co. now owns 8,700 shares of the pipeline company’s stock valued at $156,000 after buying an additional 500 shares during the last quarter. Nwam LLC acquired a new stake in Energy Transfer Equity, L.P. during the second quarter valued at approximately $255,000. Finally, Heritage Wealth Advisors raised its stake in Energy Transfer Equity, L.P. by 1.5% in the second quarter. Heritage Wealth Advisors now owns 98,943 shares of the pipeline company’s stock valued at $1,781,000 after buying an additional 1,446 shares during the last quarter. 50.41% of the stock is owned by institutional investors and hedge funds.

Energy Transfer Equity, L.P. (NYSE:ETE) opened at 17.30 on Tuesday. The company’s 50 day moving average price is $17.26 and its 200-day moving average price is $18.19. Energy Transfer Equity, L.P. has a 52 week low of $13.77 and a 52 week high of $20.05. The company has a market capitalization of $18.67 billion, a P/E ratio of 20.77 and a beta of 1.90.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 7th will be given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 6.59%. The ex-dividend date is Thursday, August 3rd. Energy Transfer Equity, L.P.’s dividend payout ratio is currently 135.71%.

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Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Energy Transfer Equity, L.P. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub lowered shares of Energy Transfer Equity, L.P. from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. 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. BMO Capital Markets reaffirmed a “hold” rating and set a $19.00 price target on shares of Energy Transfer Equity, L.P. in a research report on Monday, April 17th. Finally, Stifel Nicolaus assumed coverage on shares of Energy Transfer Equity, L.P. in a research report on Thursday, July 13th. They set a “buy” rating and a $20.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $20.72.

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.

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

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