RiverPoint Capital Management LLC reduced its position in shares of Energy Transfer Equity, L.P. (NYSE:ETE) by 5.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 46,892 shares of the pipeline company’s stock after selling 2,800 shares during the period. RiverPoint Capital Management LLC’s holdings in Energy Transfer Equity, L.P. were worth $842,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. ING Groep NV raised its stake in Energy Transfer Equity, L.P. by 2,796.7% in the first quarter. ING Groep NV now owns 7,041,900 shares of the pipeline company’s stock valued at $138,937,000 after buying an additional 6,798,800 shares during the period. Bank of Montreal Can raised its stake in Energy Transfer Equity, L.P. by 35.9% in the second quarter. Bank of Montreal Can now owns 23,022,988 shares of the pipeline company’s stock valued at $413,493,000 after buying an additional 6,078,618 shares during the period. Atlantic Trust Group LLC raised its stake in Energy Transfer Equity, L.P. by 16.6% in the first quarter. Atlantic Trust Group LLC now owns 13,317,451 shares of the pipeline company’s stock valued at $262,753,000 after buying an additional 1,892,220 shares during the period. Brookfield Asset Management Inc. raised its stake in Energy Transfer Equity, L.P. by 145.3% in the first quarter. Brookfield Asset Management Inc. now owns 2,869,200 shares of the pipeline company’s stock valued at $56,609,000 after buying an additional 1,699,700 shares during the period. Finally, Pentwater Capital Management LP raised its stake in Energy Transfer Equity, L.P. by 127.5% in the first quarter. Pentwater Capital Management LP now owns 288,400 shares of the pipeline company’s stock valued at $5,690,000 after buying an additional 1,338,400 shares during the period. Hedge funds and other institutional investors own 50.27% of the company’s stock.

Shares of Energy Transfer Equity, L.P. (ETE) opened at 16.52 on Wednesday. The company has a market cap of $17.83 billion, a price-to-earnings ratio of 20.83 and a beta of 1.90. Energy Transfer Equity, L.P. has a 12-month low of $13.77 and a 12-month high of $20.05. The company’s 50-day moving average is $17.57 and its 200-day moving average is $18.07.

Energy Transfer Equity, L.P. (NYSE:ETE) last announced its earnings results on Tuesday, August 8th. The pipeline company reported $0.18 earnings per share (EPS) 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 analysts’ expectations of $11.41 billion. During the same quarter last year, the business earned $0.23 EPS. The company’s quarterly revenue was up 20.5% on a year-over-year basis. Equities research analysts predict that Energy Transfer Equity, L.P. will post $1.29 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 7th were given a dividend of $0.285 per share. The ex-dividend date was Thursday, August 3rd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 6.90%. Energy Transfer Equity, L.P.’s dividend payout ratio (DPR) is 144.31%.

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ETE has been the topic of several research reports. BidaskClub raised shares of Energy Transfer Equity, L.P. from a “sell” rating to a “hold” rating in a research report on Monday, July 3rd. Royal Bank Of Canada reissued a “buy” rating and issued a $22.00 price target on shares of Energy Transfer Equity, L.P. in a research report on Tuesday, May 23rd. Wolfe Research reissued a “market perform” rating on shares of Energy Transfer Equity, L.P. in a research report on Friday, May 12th. Sanford C. Bernstein raised shares of Energy Transfer Equity, L.P. from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $19.00 to $23.00 in a research report on Wednesday, May 10th. Finally, Zacks Investment Research lowered shares of Energy Transfer Equity, L.P. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Energy Transfer Equity, L.P. presently has an average rating of “Buy” and an average price target of $20.77.

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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