New England Private Wealth Advisors LLC Maintains Stake in Energy Transfer Equity, L.P. (ETE)

New England Private Wealth Advisors LLC continued to hold its position in shares of Energy Transfer Equity, L.P. (NYSE:ETE) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,000 shares of the pipeline company’s stock at the end of the 2nd quarter. New England Private Wealth Advisors LLC’s holdings in Energy Transfer Equity, L.P. were worth $288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of ETE. Penserra Capital Management LLC purchased a new stake in shares of Energy Transfer Equity, L.P. in the 2nd quarter valued at approximately $106,000. Ffcm LLC grew its stake in shares of Energy Transfer Equity, L.P. by 226.7% in the 2nd quarter. Ffcm LLC now owns 6,273 shares of the pipeline company’s stock valued at $114,000 after buying an additional 4,353 shares during the period. Botty Investors LLC purchased a new stake in shares of Energy Transfer Equity, L.P. in the 1st quarter valued at approximately $144,000. Sei Investments Co. grew its stake in shares of Energy Transfer Equity, L.P. by 6.1% in the 2nd 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. Finally, Round Table Services LLC purchased a new stake in shares of Energy Transfer Equity, L.P. in the 2nd quarter valued at approximately $197,000. 48.44% of the stock is owned by institutional investors and hedge funds.

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Shares of Energy Transfer Equity, L.P. (NYSE:ETE) traded down 0.34% during midday trading on Friday, hitting $17.78. 2,399,104 shares of the stock were exchanged. Energy Transfer Equity, L.P. has a 12-month low of $13.77 and a 12-month high of $20.05. The firm has a 50 day moving average of $17.32 and a 200 day moving average of $17.92. The firm has a market cap of $19.19 billion, a P/E ratio of 22.42 and a beta of 1.90. Energy Transfer Equity, L.P. also was the recipient of some unusual options trading activity on Thursday. Traders purchased 32,045 call options on the stock. This is an increase of 415% compared to the typical daily volume of 6,224 call options.

Energy Transfer Equity, L.P. (NYSE:ETE) last posted its quarterly earnings results on Tuesday, August 8th. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.07. The company 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 3.79%. The company’s revenue was up 20.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.23 earnings per share. Equities analysts forecast that Energy Transfer Equity, L.P. will post $1.31 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 7th were issued a $0.285 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $1.14 annualized dividend and a yield of 6.41%. Energy Transfer Equity, L.P.’s dividend payout ratio is presently 144.31%.

ETE has been the subject of several analyst reports. BidaskClub cut shares of Energy Transfer Equity, L.P. from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. Morgan Stanley raised shares of Energy Transfer Equity, L.P. to a “buy” rating in a research note on Wednesday, August 30th. ValuEngine cut shares of Energy Transfer Equity, L.P. from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. 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 note on Wednesday. Finally, Deutsche Bank AG decreased 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. 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. Energy Transfer Equity, L.P. currently has a consensus rating of “Buy” and an average price target of $20.75.

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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