Energy Transfer Equity, L.P. (ETE) Stake Raised by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC raised its position in Energy Transfer Equity, L.P. (NYSE:ETE) by 9.6% during the second quarter, according to its most recent disclosure with the SEC. 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 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Botty Investors LLC acquired a new stake in Energy Transfer Equity, L.P. during the first quarter worth $144,000. Sei Investments Co. boosted its stake in Energy Transfer Equity, L.P. by 6.1% in the second quarter. Sei Investments Co. now owns 8,700 shares of the pipeline company’s stock worth $156,000 after buying an additional 500 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Energy Transfer Equity, L.P. during the first quarter worth $163,000. Hirtle Callaghan & Co LLC acquired a new stake in Energy Transfer Equity, L.P. during the first quarter worth $178,000. Finally, Round Table Services LLC acquired a new stake in Energy Transfer Equity, L.P. during the second quarter worth $197,000. 50.41% of the stock is owned by hedge funds and other institutional investors.

Energy Transfer Equity, L.P. (ETE) opened at 16.99 on Friday. The stock has a market cap of $18.27 billion, a price-to-earnings ratio of 30.78 and a beta of 1.90. Energy Transfer Equity, L.P. has a 1-year low of $13.77 and a 1-year high of $20.05. The firm’s 50 day moving average price is $17.58 and its 200-day moving average price is $18.14. Energy Transfer Equity, L.P. also was the target of unusually large options trading activity on Wednesday. Investors acquired 19,918 call options on the stock. This represents an increase of approximately 329% compared to the typical volume of 4,644 call options.

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

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

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A number of research firms have recently weighed in on ETE. Stifel Nicolaus began coverage on Energy Transfer Equity, L.P. in a research report on Thursday, July 13th. They issued a “buy” rating and a $20.00 price objective for the company. BidaskClub cut Energy Transfer Equity, L.P. from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. ValuEngine cut Energy Transfer Equity, L.P. from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Deutsche Bank AG lowered their price objective on Energy Transfer Equity, L.P. from $23.00 to $22.00 and set a “buy” rating for the company in a research report on Wednesday, June 21st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Energy Transfer Equity, L.P. in a research report on Thursday. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $20.72.

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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