Kayne Anderson Capital Advisors LP boosted its position in Energy Transfer Equity, L.P. (NYSE:ETE) by 13.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,105,148 shares of the pipeline company’s stock after acquiring an additional 590,600 shares during the quarter. Energy Transfer Equity, L.P. accounts for 1.1% of Kayne Anderson Capital Advisors LP’s holdings, making the stock its 25th largest holding. Kayne Anderson Capital Advisors LP owned 0.47% of Energy Transfer Equity, L.P. worth $88,714,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Penserra Capital Management LLC bought a new position in Energy Transfer Equity, L.P. in the second quarter valued at approximately $106,000. Ffcm LLC increased its stake in Energy Transfer Equity, L.P. by 226.7% in the second quarter. Ffcm LLC now owns 6,273 shares of the pipeline company’s stock valued at $114,000 after acquiring an additional 4,353 shares during the last quarter. AllSquare Wealth Management LLC bought a new position in Energy Transfer Equity, L.P. in the third quarter valued at approximately $139,000. Sei Investments Co. increased 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 acquiring an additional 500 shares during the last quarter. Finally, Advisory Services Network LLC increased its stake in Energy Transfer Equity, L.P. by 12.6% in the second quarter. Advisory Services Network LLC now owns 9,331 shares of the pipeline company’s stock valued at $168,000 after acquiring an additional 1,047 shares during the last quarter. 47.15% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Energy Transfer Equity, L.P. (ETE) traded up $0.09 during trading hours on Wednesday, hitting $16.14. 1,248,815 shares of the stock were exchanged, compared to its average volume of 5,338,724. The firm has a market capitalization of $17,461.21, a price-to-earnings ratio of 19.26 and a beta of 1.90. The company has a current ratio of 1.36, a quick ratio of 1.11 and a debt-to-equity ratio of 1.69. Energy Transfer Equity, L.P. has a 52 week low of $15.03 and a 52 week high of $20.05.

Energy Transfer Equity, L.P. (NYSE:ETE) last issued its quarterly earnings results on Tuesday, November 7th. The pipeline company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). The business had revenue of $9.47 billion for the quarter, compared to analyst estimates of $16.25 billion. Energy Transfer Equity, L.P. had a return on equity of 3.84% and a net margin of 2.29%. Energy Transfer Equity, L.P.’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 EPS. research analysts anticipate that Energy Transfer Equity, L.P. will post 1.08 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Tuesday, November 7th were issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 7.31%. The ex-dividend date of this dividend was Monday, November 6th. This is a positive change from Energy Transfer Equity, L.P.’s previous quarterly dividend of $0.29. Energy Transfer Equity, L.P.’s payout ratio is 143.90%.

A number of analysts have weighed in on ETE shares. Jefferies Group LLC restated a “buy” rating and issued a $20.00 target price on shares of Energy Transfer Equity, L.P. in a research report on Monday, October 16th. Stifel Nicolaus restated a “buy” rating and issued a $20.00 target price on shares of Energy Transfer Equity, L.P. in a research report on Thursday, October 12th. Royal Bank Of Canada restated a “buy” rating and issued a $22.00 target price on shares of Energy Transfer Equity, L.P. in a research report on Wednesday, September 6th. Morgan Stanley upgraded shares of Energy Transfer Equity, L.P. to a “buy” rating in a research report on Wednesday, August 30th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Energy Transfer Equity, L.P. from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $21.63.

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.

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

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