South State Corp increased its holdings in Energy Transfer Equity, L.P. (NYSE:ETE) by 20.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,900 shares of the pipeline company’s stock after acquiring an additional 2,500 shares during the quarter. South State Corp’s holdings in Energy Transfer Equity, L.P. were worth $267,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Fiera Capital Corp lifted its stake in Energy Transfer Equity, L.P. by 0.3% in the second quarter. Fiera Capital Corp now owns 234,473 shares of the pipeline company’s stock worth $4,211,000 after acquiring an additional 606 shares during the period. Raymond James Trust N.A. lifted its position in Energy Transfer Equity, L.P. by 0.7% during the second quarter. Raymond James Trust N.A. now owns 19,091 shares of the pipeline company’s stock valued at $343,000 after buying an additional 131 shares during the period. Alliancebernstein L.P. lifted its position in Energy Transfer Equity, L.P. by 5.8% during the second quarter. Alliancebernstein L.P. now owns 226,218 shares of the pipeline company’s stock valued at $4,063,000 after buying an additional 12,318 shares during the period. Wells Fargo & Company MN lifted its position in Energy Transfer Equity, L.P. by 87.8% during the second quarter. Wells Fargo & Company MN now owns 2,672,496 shares of the pipeline company’s stock valued at $47,998,000 after buying an additional 1,249,443 shares during the period. Finally, Franklin Resources Inc. lifted its position in Energy Transfer Equity, L.P. by 20.8% during the second quarter. Franklin Resources Inc. now owns 143,964 shares of the pipeline company’s stock valued at $2,586,000 after buying an additional 24,804 shares during the period. 48.44% of the stock is owned by institutional investors.

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Several equities analysts have commented on ETE shares. Royal Bank Of Canada reissued a “buy” rating and set a $22.00 price objective on shares of Energy Transfer Equity, L.P. in a research report on Tuesday, May 23rd. ValuEngine lowered Energy Transfer Equity, L.P. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub lowered Energy Transfer Equity, L.P. from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 10th. Deutsche Bank AG lowered their price objective on Energy Transfer Equity, L.P. from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Wednesday, June 21st. Finally, Stifel Nicolaus started coverage on Energy Transfer Equity, L.P. in a research report on Thursday, July 13th. They set a “buy” rating and a $20.00 price objective for the company. 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 given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $20.68.

Shares of Energy Transfer Equity, L.P. (NYSE ETE) opened at 17.75 on Thursday. The stock has a market capitalization of $19.16 billion, a P/E ratio of 22.38 and a beta of 1.90. The stock has a 50 day moving average price of $17.33 and a 200 day moving average price of $17.88. Energy Transfer Equity, L.P. has a 12-month low of $13.77 and a 12-month high of $20.05.

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 for the quarter, missing the consensus estimate of $0.25 by ($0.07). The business had revenue of $8.94 billion for 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 3.79%. The firm’s revenue was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 earnings per share. On average, equities analysts anticipate that Energy Transfer Equity, L.P. will post $1.30 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 7th were paid a dividend of $0.285 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $1.14 annualized dividend and a dividend yield of 6.42%. Energy Transfer Equity, L.P.’s dividend payout ratio is presently 144.31%.

Energy Transfer Equity, L.P. 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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