Plancorp LLC Maintains Position in Energy Transfer Equity LP (ETE)

Plancorp LLC held its position in Energy Transfer Equity LP (NYSE:ETE) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,520 shares of the pipeline company’s stock at the end of the first quarter. Plancorp LLC’s holdings in Energy Transfer Equity were worth $1,510,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ETE. WFG Advisors LP raised its position in Energy Transfer Equity by 1,251.4% in the fourth quarter. WFG Advisors LP now owns 1,500 shares of the pipeline company’s stock valued at $116,000 after buying an additional 1,389 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Energy Transfer Equity during the first quarter worth $163,000. Hirtle Callaghan & Co LLC bought a new position in shares of Energy Transfer Equity during the first quarter worth $178,000. TNB Financial bought a new position in shares of Energy Transfer Equity during the first quarter worth $203,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Energy Transfer Equity during the first quarter worth $210,000. 43.89% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Energy Transfer Equity LP (NYSE ETE) traded down 2.16% during trading on Thursday, reaching $16.28. 6,563,563 shares of the company were exchanged. The firm’s 50 day moving average price is $18.10 and its 200 day moving average price is $18.43. The company has a market capitalization of $17.57 billion, a PE ratio of 19.54 and a beta of 1.86. Energy Transfer Equity LP has a one year low of $12.10 and a one year high of $20.05. Energy Transfer Equity also was the target of some unusual options trading on Monday. Stock traders bought 17,235 call options on the company. This is an increase of 117% compared to the average daily volume of 7,953 call options.

The business also recently declared a quarterly dividend, which was paid on Friday, May 19th. Investors of record on Wednesday, May 10th were given a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 7.00%. The ex-dividend date of this dividend was Monday, May 8th. Energy Transfer Equity’s payout ratio is currently 111.77%.

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A number of research analysts have weighed in on the stock. US Capital Advisors reaffirmed a “hold” rating on shares of Energy Transfer Equity in a research note on Friday, April 7th. Zacks Investment Research raised shares of Energy Transfer Equity from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a research note on Tuesday, March 14th. ValuEngine lowered shares of Energy Transfer Equity from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Sanford C. Bernstein assumed coverage on shares of Energy Transfer Equity in a research note on Tuesday, May 16th. They issued a “market perform” rating on the stock. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $19.00 price target on shares of Energy Transfer Equity in a research note on Monday, April 17th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $20.38.

Energy Transfer Equity Company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ETE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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