Today: Energy Transfer Equity L.P. (ETE) Stake Held by Ancora Inverness LLC

Today: Energy Transfer Equity L.P. (ETE) Stake Held by Ancora Inverness LLC

Ancora Inverness LLC continued to hold its position in shares of Energy Transfer Equity L.P. (NYSE:ETE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,380 shares of the company’s stock at the end of the third quarter. Ancora Inverness LLC’s holdings in Energy Transfer Equity L.P. were worth $292,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of ETE. Sei Investments Co. purchased a new position in shares of Energy Transfer Equity L.P. during the third quarter valued at about $138,000. US Bancorp DE raised its position in shares of Energy Transfer Equity L.P. by 9.5% in the third quarter. US Bancorp DE now owns 160,291 shares of the company’s stock valued at $2,692,000 after buying an additional 13,848 shares in the last quarter. Homrich & Berg raised its position in shares of Energy Transfer Equity L.P. by 9.8% in the third quarter. Homrich & Berg now owns 15,750 shares of the company’s stock valued at $264,000 after buying an additional 1,400 shares in the last quarter. Penserra Capital Management LLC raised its position in shares of Energy Transfer Equity L.P. by 175.4% in the third quarter. Penserra Capital Management LLC now owns 9,894 shares of the company’s stock valued at $166,000 after buying an additional 6,302 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Energy Transfer Equity L.P. by 10.4% in the third quarter. Bank of New York Mellon Corp now owns 149,097 shares of the company’s stock valued at $2,503,000 after buying an additional 14,061 shares in the last quarter. Hedge funds and other institutional investors own 43.80% of the company’s stock.

Energy Transfer Equity L.P. (NYSE:ETE) traded down 2.803% on Monday, reaching $16.815. The company’s stock had a trading volume of 1,329,050 shares. The firm has a market cap of $17.58 billion, a P/E ratio of 16.698 and a beta of 1.81. The firm’s 50 day moving average is $16.00 and its 200-day moving average is $15.66. Energy Transfer Equity L.P. has a 12 month low of $4.00 and a 12 month high of $19.99.

Energy Transfer Equity L.P. (NYSE:ETE) last issued its quarterly earnings data on Wednesday, November 9th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.04. The company had revenue of $9.68 billion for the quarter, compared to analyst estimates of $8.53 billion. Energy Transfer Equity L.P. had a return on equity of 6.10% and a net margin of 2.94%. The company’s revenue was down 8.8% on a year-over-year basis. During the same quarter last year, the business earned $0.28 earnings per share. On average, equities research analysts anticipate that Energy Transfer Equity L.P. will post $0.99 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Monday, November 7th were given a dividend of $0.285 per share. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $1.14 annualized dividend and a yield of 6.59%. Energy Transfer Equity L.P.’s dividend payout ratio (DPR) is presently 111.77%.

Several brokerages recently issued reports on ETE. BMO Capital Markets set a $19.00 price target on Energy Transfer Equity L.P. and gave the company a “hold” rating in a research note on Thursday. Credit Suisse Group AG set a $20.00 price objective on Energy Transfer Equity L.P. and gave the company a “buy” rating in a research note on Tuesday, November 22nd. Sanford C. Bernstein upgraded Energy Transfer Equity L.P. from a “market perform” rating to an “outperform” rating and set a $17.00 price objective on the stock in a research note on Monday, November 7th. Zacks Investment Research upgraded Energy Transfer Equity L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday, October 11th. Finally, Wolfe Research assumed coverage on Energy Transfer Equity L.P. in a research note on Friday, October 7th. They issued a “hold” rating and a $17.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $18.88.

About Energy Transfer Equity L.P.

Energy Transfer Equity, L.P. (ETE) directly and indirectly owns equity interests in Energy Transfer Partners, L.P. (ETP) and SUN LP, which are engaged in diversified energy-related services. The Company, through its family of companies, owns and operates over 71,000 miles of natural gas, natural gas liquids (NGL), refined products and crude oil pipelines.

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