Advisory Research Inc. cut its holdings in shares of Energy Transfer Equity LP (NYSE:ETE) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 794,000 shares of the pipeline company’s stock after selling 38,765 shares during the quarter. Advisory Research Inc.’s holdings in Energy Transfer Equity were worth $13,704,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its stake in Energy Transfer Equity by 3.4% during the second quarter. Ameriprise Financial Inc. now owns 104,721 shares of the pipeline company’s stock worth $1,898,000 after acquiring an additional 3,422 shares during the last quarter. Advisory Services Network LLC increased its stake in Energy Transfer Equity by 12.6% during the second quarter. Advisory Services Network LLC now owns 9,331 shares of the pipeline company’s stock worth $168,000 after acquiring an additional 1,047 shares during the last quarter. Advisors Capital Management LLC increased its stake in Energy Transfer Equity by 16.3% during the third quarter. Advisors Capital Management LLC now owns 141,024 shares of the pipeline company’s stock worth $2,451,000 after acquiring an additional 19,718 shares during the last quarter. Saratoga Research & Investment Management acquired a new stake in Energy Transfer Equity during the third quarter worth about $312,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in Energy Transfer Equity by 14.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 269,891 shares of the pipeline company’s stock worth $4,691,000 after acquiring an additional 33,515 shares during the last quarter. Hedge funds and other institutional investors own 50.54% of the company’s stock.

Shares of Energy Transfer Equity LP (ETE) opened at $17.37 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.36 and a debt-to-equity ratio of 1.69. Energy Transfer Equity LP has a 12 month low of $15.03 and a 12 month high of $19.85. The stock has a market capitalization of $18,713.07, a PE ratio of 21.18 and a beta of 1.79.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Thursday, February 8th will be paid a $0.305 dividend. The ex-dividend date is Wednesday, February 7th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 7.02%. This is a positive change from Energy Transfer Equity’s previous quarterly dividend of $0.30. Energy Transfer Equity’s dividend payout ratio (DPR) is 148.78%.

Several brokerages have commented on ETE. Zacks Investment Research upgraded Energy Transfer Equity from a “sell” rating to a “hold” rating in a research note on Thursday, January 25th. Bank of America began coverage on Energy Transfer Equity in a research note on Tuesday, January 9th. They set a “neutral” rating for the company. Credit Suisse Group began coverage on Energy Transfer Equity in a research note on Thursday, January 4th. They set an “outperform” rating and a $23.00 price target for the company. Mizuho restated a “buy” rating and set a $21.00 price target on shares of Energy Transfer Equity in a research note on Friday, October 20th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $22.00 target price on shares of Energy Transfer Equity in a research note on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. Energy Transfer Equity has a consensus rating of “Buy” and a consensus target price of $21.70.

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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.

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Institutional Ownership by Quarter for Energy Transfer Equity (NYSE:ETE)

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