Penserra Capital Management LLC raised its holdings in shares of Energy Transfer Equity, L.P. (NYSE:ETE) by 160.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,447 shares of the pipeline company’s stock after purchasing an additional 9,522 shares during the quarter. Penserra Capital Management LLC’s holdings in Energy Transfer Equity, L.P. were worth $265,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Neuberger Berman Group LLC lifted its position in shares of Energy Transfer Equity, L.P. by 2.1% during the second quarter. Neuberger Berman Group LLC now owns 30,638,715 shares of the pipeline company’s stock worth $550,271,000 after purchasing an additional 639,558 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Energy Transfer Equity, L.P. by 35.9% in the second quarter. Bank of Montreal Can now owns 23,022,988 shares of the pipeline company’s stock valued at $413,493,000 after acquiring an additional 6,078,618 shares in the last quarter. Chickasaw Capital Management LLC raised its holdings in shares of Energy Transfer Equity, L.P. by 0.4% in the second quarter. Chickasaw Capital Management LLC now owns 22,428,755 shares of the pipeline company’s stock valued at $402,820,000 after acquiring an additional 96,717 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Energy Transfer Equity, L.P. by 11.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,181,258 shares of the pipeline company’s stock valued at $182,855,000 after acquiring an additional 1,062,038 shares in the last quarter. Finally, Eagle Global Advisors LLC raised its holdings in shares of Energy Transfer Equity, L.P. by 0.5% in the second quarter. Eagle Global Advisors LLC now owns 9,655,068 shares of the pipeline company’s stock valued at $173,405,000 after acquiring an additional 49,112 shares in the last quarter. Institutional investors and hedge funds own 48.50% of the company’s stock.

Shares of Energy Transfer Equity, L.P. (NYSE:ETE) opened at 17.75 on Wednesday. The stock has a market cap of $19.16 billion, a price-to-earnings ratio of 22.38 and a beta of 1.90. The company has a 50-day moving average price of $17.53 and a 200-day moving average price of $17.53. 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 released its quarterly earnings results on Tuesday, August 8th. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.07). The firm had revenue of $8.94 billion for the quarter, compared to analysts’ expectations of $11.41 billion. Energy Transfer Equity, L.P. had a return on equity of 3.79% and a net margin of 2.18%. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 EPS. On average, analysts expect that Energy Transfer Equity, L.P. will post $1.31 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Tuesday, November 7th will be paid a $0.295 dividend. This is an increase from Energy Transfer Equity, L.P.’s previous quarterly dividend of $0.29. This represents a $1.18 annualized dividend and a dividend yield of 6.65%. The ex-dividend date of this dividend is Monday, November 6th. Energy Transfer Equity, L.P.’s dividend payout ratio (DPR) is 144.31%.

Several analysts recently weighed in on ETE shares. Morgan Stanley upgraded Energy Transfer Equity, L.P. to a “buy” rating in a report on Wednesday, August 30th. Royal Bank Of Canada restated a “buy” rating and issued a $22.00 price objective on shares of Energy Transfer Equity, L.P. in a report on Wednesday, September 6th. Zacks Investment Research downgraded Energy Transfer Equity, L.P. from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Goldman Sachs Group, Inc. (The) upgraded Energy Transfer Equity, L.P. from a “neutral” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Tuesday, October 17th. Finally, Stifel Nicolaus initiated coverage on Energy Transfer Equity, L.P. in a report on Thursday, July 13th. They issued a “buy” rating and a $20.00 price objective for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $21.63.

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About Energy Transfer Equity, L.P.

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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