Chicago Partners Investment Group LLC Has $10.60 Million Stake in Energy Transfer Equity LP (ETE)

Chicago Partners Investment Group LLC boosted its holdings in Energy Transfer Equity LP (NYSE:ETE) by 124.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 609,957 shares of the pipeline company’s stock after buying an additional 337,758 shares during the period. Energy Transfer Equity makes up 1.8% of Chicago Partners Investment Group LLC’s investment portfolio, making the stock its 15th biggest holding. Chicago Partners Investment Group LLC owned approximately 0.06% of Energy Transfer Equity worth $10,601,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Harvest Fund Advisors LLC lifted its holdings in shares of Energy Transfer Equity by 9.4% during the 3rd quarter. Harvest Fund Advisors LLC now owns 45,684,871 shares of the pipeline company’s stock worth $794,003,000 after acquiring an additional 3,914,284 shares during the last quarter. Catalyst Capital Advisors LLC increased its position in shares of Energy Transfer Equity by 20.4% in the third quarter. Catalyst Capital Advisors LLC now owns 435,168 shares of the pipeline company’s stock valued at $7,563,000 after acquiring an additional 73,798 shares during the period. Cohen & Steers Inc. increased its position in shares of Energy Transfer Equity by 65.9% in the third quarter. Cohen & Steers Inc. now owns 629,660 shares of the pipeline company’s stock valued at $10,943,000 after acquiring an additional 250,222 shares during the period. Jennison Associates LLC increased its position in shares of Energy Transfer Equity by 18.3% in the second quarter. Jennison Associates LLC now owns 693,496 shares of the pipeline company’s stock valued at $12,455,000 after acquiring an additional 107,269 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Energy Transfer Equity by 0.8% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 905,000 shares of the pipeline company’s stock valued at $15,729,000 after acquiring an additional 7,000 shares during the period. Institutional investors and hedge funds own 51.53% of the company’s stock.

ETE has been the topic of a number of recent research reports. Robert W. Baird restated a “buy” rating and issued a $24.00 price objective on shares of Energy Transfer Equity in a report on Friday, October 27th. Stifel Nicolaus restated a “buy” rating and set a $20.00 price objective on shares of Energy Transfer Equity in a research report on Thursday, October 12th. Jefferies Group lowered their price objective on shares of Energy Transfer Equity from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Sunday, September 10th. Royal Bank of Canada restated a “buy” rating and set a $22.00 price objective on shares of Energy Transfer Equity in a research report on Wednesday, September 6th. Finally, Mizuho reiterated a “buy” rating and issued a $21.00 price target on shares of Energy Transfer Equity in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $21.78.

Energy Transfer Equity LP (ETE) traded up $0.07 during mid-day trading on Friday, reaching $17.26. 3,504,999 shares of the company’s stock traded hands, compared to its average volume of 5,326,451. Energy Transfer Equity LP has a fifty-two week low of $15.03 and a fifty-two week high of $20.05. The company has a quick ratio of 1.11, a current ratio of 1.36 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $18,551.19, a price-to-earnings ratio of 21.05 and a beta of 1.86.

Energy Transfer Equity (NYSE:ETE) last released its quarterly earnings data on Tuesday, November 7th. The pipeline company reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.12). The business had revenue of $9.47 billion for the quarter, compared to the consensus estimate of $16.25 billion. Energy Transfer Equity had a net margin of 2.29% and a return on equity of 3.84%. Energy Transfer Equity’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.19 EPS. research analysts anticipate that Energy Transfer Equity LP will post 0.99 EPS for the current fiscal year.

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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.

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

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