Catalyst Capital Advisors LLC increased its position in shares of Energy Transfer Equity, L.P. (NYSE:ETE) by 9.6% during the second quarter, Holdings Channel reports. The firm owned 361,370 shares of the pipeline company’s stock after buying an additional 31,557 shares during the period. Catalyst Capital Advisors LLC’s holdings in Energy Transfer Equity, L.P. were worth $6,490,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of ETE. Chickasaw Capital Management LLC boosted its position in shares of Energy Transfer Equity, L.P. by 3.6% in the first quarter. Chickasaw Capital Management LLC now owns 22,332,038 shares of the pipeline company’s stock worth $440,611,000 after buying an additional 771,635 shares during the period. First Manhattan Co. boosted its position in shares of Energy Transfer Equity, L.P. by 15.5% in the first quarter. First Manhattan Co. now owns 14,887 shares of the pipeline company’s stock worth $249,000 after buying an additional 2,000 shares during the period. Waldron LP bought a new position in shares of Energy Transfer Equity, L.P. during the first quarter worth about $403,000. Taylor Wealth Management Partners boosted its position in shares of Energy Transfer Equity, L.P. by 53.8% in the first quarter. Taylor Wealth Management Partners now owns 14,300 shares of the pipeline company’s stock worth $282,000 after buying an additional 5,000 shares during the period. Finally, CAPROCK Group Inc. boosted its position in shares of Energy Transfer Equity, L.P. by 84.3% in the first quarter. CAPROCK Group Inc. now owns 31,475 shares of the pipeline company’s stock worth $621,000 after buying an additional 14,397 shares during the period. 50.41% of the stock is owned by institutional investors.

Shares of Energy Transfer Equity, L.P. (NYSE ETE) opened at 16.99 on Friday. The stock has a market capitalization of $18.27 billion, a PE ratio of 30.78 and a beta of 1.90. The firm has a 50-day moving average of $17.58 and a 200 day moving average of $18.14. Energy Transfer Equity, L.P. has a 1-year low of $13.77 and a 1-year high of $20.05. Energy Transfer Equity, L.P. also was the target of some unusual options trading activity on Wednesday. Stock traders purchased 19,918 call options on the company. This represents an increase of approximately 329% compared to the average volume of 4,644 call options.

Energy Transfer Equity, L.P. (NYSE:ETE) last released its quarterly earnings results on Tuesday, August 8th. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.07. Energy Transfer Equity, L.P. had a net margin of 2.18% and a return on equity of 3.84%. The firm had revenue of $8.94 billion for the quarter, compared to analyst estimates of $11.41 billion. During the same quarter in the prior year, the firm earned $0.23 EPS. The firm’s revenue was up 20.5% compared to the same quarter last year. On average, equities analysts anticipate that Energy Transfer Equity, L.P. will post $1.19 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 7th will be issued a dividend of $0.285 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 6.71%. Energy Transfer Equity, L.P.’s dividend payout ratio is currently 144.31%.

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A number of research analysts have issued reports on the stock. Zacks Investment Research cut shares of Energy Transfer Equity, L.P. from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 26th. Sanford C. Bernstein assumed coverage on shares of Energy Transfer Equity, L.P. in a report on Tuesday, May 16th. They issued a “market perform” rating for the company. Wolfe Research reaffirmed a “market perform” rating on shares of Energy Transfer Equity, L.P. in a report on Friday, May 12th. Jefferies Group LLC raised shares of Energy Transfer Equity, L.P. from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Wednesday, April 19th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $22.00 target price on shares of Energy Transfer Equity, L.P. in a report on Tuesday, May 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $20.72.

Energy Transfer Equity, L.P. Company 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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