Deroy & Devereaux Private Investment Counsel Inc. Maintains Position in Energy Transfer Equity, L.P. (ETE)

Deroy & Devereaux Private Investment Counsel Inc. Maintains Position in Energy Transfer Equity, L.P. (ETE)

Deroy & Devereaux Private Investment Counsel Inc. held its stake in Energy Transfer Equity, L.P. (NYSE:ETE) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,274 shares of the company’s stock at the end of the third quarter. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Energy Transfer Equity, L.P. were worth $391,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the company. Concert Wealth Management Inc. purchased a new stake in shares of Energy Transfer Equity, L.P. during the second quarter valued at approximately $178,000. SL Advisors LLC purchased a new stake in shares of Energy Transfer Equity, L.P. during the second quarter valued at approximately $3,781,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Energy Transfer Equity, L.P. by 9.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 764,000 shares of the company’s stock valued at $10,979,000 after buying an additional 69,000 shares during the last quarter. Proficio Capital Partners LLC increased its stake in shares of Energy Transfer Equity, L.P. by 98.2% in the second quarter. Proficio Capital Partners LLC now owns 14,465 shares of the company’s stock valued at $242,000 after buying an additional 7,167 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of Energy Transfer Equity, L.P. by 0.4% in the second quarter. Signaturefd LLC now owns 46,350 shares of the company’s stock valued at $666,000 after buying an additional 200 shares during the last quarter. 43.90% of the stock is owned by institutional investors and hedge funds.

Energy Transfer Equity, L.P. (NYSE:ETE) opened at 18.56 on Friday. The stock has a 50 day moving average of $18.59 and a 200 day moving average of $17.12. Energy Transfer Equity, L.P. has a 12-month low of $4.00 and a 12-month high of $20.05. The firm has a market cap of $19.40 billion, a PE ratio of 18.43 and a beta of 1.86.

Energy Transfer Equity, L.P. (NYSE:ETE) last issued its quarterly earnings results on Wednesday, November 9th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.04. The firm earned $9.68 billion during 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 firm’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 EPS. On average, equities research analysts anticipate that Energy Transfer Equity, L.P. will post $0.97 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, February 20th. Stockholders of record on Tuesday, February 7th will be given a $0.285 dividend. The ex-dividend date is Friday, February 3rd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 6.14%. Energy Transfer Equity, L.P.’s dividend payout ratio (DPR) is currently 111.77%.

Several equities research analysts have commented on the stock. Sanford C. Bernstein downgraded shares of Energy Transfer Equity, L.P. from an “outperform” rating to a “market perform” rating and upped their target price for the company from $18.00 to $19.00 in a research note on Monday, January 9th. RBC Capital Markets reaffirmed a “buy” rating and issued a $22.00 target price on shares of Energy Transfer Equity, L.P. in a research note on Friday, January 6th. Mizuho reaffirmed a “buy” rating on shares of Energy Transfer Equity, L.P. in a research note on Monday, December 26th. Jefferies Group LLC downgraded shares of Energy Transfer Equity, L.P. from a “buy” rating to a “hold” rating and set a $20.00 target price for the company. in a research note on Thursday, January 12th. Finally, Raymond James Financial, Inc. raised shares of Energy Transfer Equity, L.P. from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a research note on Thursday, January 12th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $19.42.

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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