NBW Capital LLC increased its holdings in Energy Transfer Equity LP (NYSE:ETE) by 12.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 467,322 shares of the pipeline company’s stock after purchasing an additional 49,993 shares during the quarter. Energy Transfer Equity accounts for 2.1% of NBW Capital LLC’s holdings, making the stock its 14th biggest position. NBW Capital LLC’s holdings in Energy Transfer Equity were worth $8,066,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in ETE. SeaCrest Wealth Management LLC bought a new stake in shares of Energy Transfer Equity in the 4th quarter worth approximately $115,000. AllSquare Wealth Management LLC bought a new stake in shares of Energy Transfer Equity in the 3rd quarter worth approximately $139,000. Hall Laurie J Trustee raised its holdings in shares of Energy Transfer Equity by 9,600.0% in the 4th quarter. Hall Laurie J Trustee now owns 9,700 shares of the pipeline company’s stock worth $168,000 after purchasing an additional 9,600 shares in the last quarter. Claraphi Advisory Network LLC bought a new stake in shares of Energy Transfer Equity in the 4th quarter worth approximately $173,000. Finally, Brown Advisory Securities LLC bought a new stake in shares of Energy Transfer Equity in the 4th quarter worth approximately $179,000. Institutional investors and hedge funds own 49.12% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. Robert W. Baird restated a “buy” rating and set a $22.00 price target on shares of Energy Transfer Equity in a report on Tuesday, February 27th. Zacks Investment Research upgraded shares of Energy Transfer Equity from a “sell” rating to a “hold” rating in a report on Thursday, January 25th. Wolfe Research upgraded shares of Energy Transfer Equity from a “market perform” rating to an “outperform” rating in a report on Monday, December 18th. Royal Bank of Canada restated a “buy” rating and set a $22.00 price target on shares of Energy Transfer Equity in a report on Tuesday, January 16th. Finally, Bank of America assumed coverage on shares of Energy Transfer Equity in a report on Tuesday, January 9th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $21.50.
Energy Transfer Equity (NYSE:ETE) last released its quarterly earnings data on Wednesday, February 21st. The pipeline company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.09. The firm had revenue of $11.45 billion for the quarter, compared to analyst estimates of $12.20 billion. Energy Transfer Equity had a net margin of 2.30% and a return on equity of 4.48%. equities research analysts expect that Energy Transfer Equity LP will post 1.64 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Thursday, February 8th were paid a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 7.85%. The ex-dividend date of this dividend was Wednesday, February 7th. This is a positive change from Energy Transfer Equity’s previous quarterly dividend of $0.30. Energy Transfer Equity’s dividend payout ratio is currently 146.99%.
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About Energy Transfer Equity
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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