HL Financial Services LLC increased its stake in shares of Energy Transfer Equity, L.P. (NYSE:ETE) by 30.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,800 shares of the pipeline company’s stock after buying an additional 18,500 shares during the period. HL Financial Services LLC’s holdings in Energy Transfer Equity, L.P. were worth $1,433,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Botty Investors LLC bought a new stake in shares of Energy Transfer Equity, L.P. during the first quarter valued at about $144,000. Sei Investments Co. raised its stake in shares of 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 period. Advisory Services Network LLC bought a new stake in shares of Energy Transfer Equity, L.P. during the first quarter valued at about $163,000. Hirtle Callaghan & Co LLC bought a new stake in shares of Energy Transfer Equity, L.P. during the first quarter valued at about $178,000. Finally, Round Table Services LLC bought a new stake in shares of Energy Transfer Equity, L.P. during the second quarter valued at about $197,000. Hedge funds and other institutional investors own 50.41% of the company’s stock.

Shares of Energy Transfer Equity, L.P. (NYSE:ETE) opened at 17.67 on Thursday. The company’s 50 day moving average is $17.47 and its 200-day moving average is $18.16. The stock has a market capitalization of $19.07 billion, a price-to-earnings ratio of 21.21 and a beta of 1.90. Energy Transfer Equity, L.P. has a 1-year low of $13.77 and a 1-year high of $20.05.

Energy Transfer Equity, L.P. (NYSE:ETE) last released 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. The firm had revenue of $8.94 billion during the quarter, compared to analyst estimates of $11.41 billion. Energy Transfer Equity, L.P. had a net margin of 2.18% and a return on equity of 3.84%. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 earnings per share. Equities analysts anticipate that Energy Transfer Equity, L.P. will post $1.18 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 7th will be paid a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 6.45%. The ex-dividend date of this dividend is Thursday, August 3rd. Energy Transfer Equity, L.P.’s dividend payout ratio is currently 144.31%.

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Several analysts recently issued reports on ETE shares. Royal Bank Of Canada restated a “buy” rating and issued a $22.00 price objective on shares of Energy Transfer Equity, L.P. in a report on Tuesday, May 23rd. Deutsche Bank AG reduced 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. Jefferies Group LLC upgraded shares of Energy Transfer Equity, L.P. from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Wednesday, April 19th. Stifel Nicolaus started 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 objective on the stock. Finally, ValuEngine lowered shares of Energy Transfer Equity, L.P. from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given 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 price target of $20.72.

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.

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

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