10,578 Shares in Energy Transfer Equity LP (ETE) Acquired by Belpointe Asset Management LLC

Belpointe Asset Management LLC acquired a new position in Energy Transfer Equity LP (NYSE:ETE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,578 shares of the pipeline company’s stock, valued at approximately $184,000.

Other hedge funds have also bought and sold shares of the company. Penserra Capital Management LLC purchased a new position in Energy Transfer Equity in the second quarter worth $106,000. Ffcm LLC lifted its position in shares of Energy Transfer Equity by 226.7% during 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 last quarter. AllSquare Wealth Management LLC purchased a new position in shares of Energy Transfer Equity during the 3rd quarter valued at $139,000. Sei Investments Co. lifted its position in shares of Energy Transfer Equity by 6.1% during 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 last quarter. Finally, Advisory Services Network LLC lifted its position in shares of Energy Transfer Equity by 12.6% during the 2nd quarter. Advisory Services Network LLC now owns 9,331 shares of the pipeline company’s stock valued at $168,000 after buying an additional 1,047 shares during the last quarter. 51.53% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $22.00 price target on shares of Energy Transfer Equity in a research report on Wednesday, September 6th. Morgan Stanley raised Energy Transfer Equity to a “buy” rating in a research report on Wednesday, August 30th. BMO Capital Markets set a $19.00 price target on Energy Transfer Equity and gave the company a “hold” rating in a research report on Thursday, October 12th. Jefferies Group reaffirmed a “buy” rating and set a $20.00 price target on shares of Energy Transfer Equity in a research report on Monday, October 16th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $20.00 price target on shares of Energy Transfer Equity in a research report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $21.78.

Shares of Energy Transfer Equity LP (ETE) traded up $0.07 on Monday, reaching $16.77. The company had a trading volume of 6,782,700 shares, compared to its average volume of 5,311,525. The stock has a market cap of $18,097.93, a PE ratio of 19.96 and a beta of 1.86. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.36 and a quick ratio of 1.11. Energy Transfer Equity LP has a twelve month low of $15.03 and a twelve month high of $20.05.

Energy Transfer Equity (NYSE:ETE) last issued its quarterly earnings data on Tuesday, November 7th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.12). The company had revenue of $9.47 billion for the quarter, compared to analysts’ expectations of $16.25 billion. Energy Transfer Equity had a return on equity of 3.84% and a net margin of 2.29%. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same period last year, the company posted $0.19 EPS. research analysts predict that Energy Transfer Equity LP will post 0.99 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Tuesday, November 7th were issued a dividend of $0.295 per share. This is a boost from Energy Transfer Equity’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, November 6th. This represents a $1.18 dividend on an annualized basis and a yield of 7.04%. Energy Transfer Equity’s dividend payout ratio is 143.90%.

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Energy Transfer Equity 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 (NYSE:ETE)

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