Diversified Trust Co Sells 43,445 Shares of Energy Transfer Equity LP (NYSE:ETE)

Diversified Trust Co decreased its stake in shares of Energy Transfer Equity LP (NYSE:ETE) by 38.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,423 shares of the pipeline company’s stock after selling 43,445 shares during the period. Diversified Trust Co’s holdings in Energy Transfer Equity were worth $1,216,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Harvest Fund Advisors LLC increased its stake in 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 valued at $794,003,000 after buying an additional 3,914,284 shares during the period. Chickasaw Capital Management LLC boosted its position in shares of Energy Transfer Equity by 1.9% during the 4th quarter. Chickasaw Capital Management LLC now owns 22,407,074 shares of the pipeline company’s stock valued at $386,746,000 after purchasing an additional 410,501 shares in the last quarter. Atlantic Trust Group LLC boosted its position in shares of Energy Transfer Equity by 8.7% during the 3rd quarter. Atlantic Trust Group LLC now owns 13,290,034 shares of the pipeline company’s stock valued at $230,980,000 after purchasing an additional 1,060,430 shares in the last quarter. ING Groep NV bought a new position in shares of Energy Transfer Equity during the 3rd quarter valued at about $189,859,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Energy Transfer Equity by 4.1% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,597,720 shares of the pipeline company’s stock valued at $184,188,000 after purchasing an additional 416,462 shares in the last quarter. 51.31% of the stock is currently owned by hedge funds and other institutional investors.

Energy Transfer Equity LP (NYSE:ETE) traded up $0.02 during mid-day trading on Friday, hitting $16.62. 6,119,412 shares of the company traded hands, compared to its average volume of 6,190,000. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.11 and a current ratio of 1.36. The firm has a market capitalization of $17,940.00, a PE ratio of 15.98 and a beta of 1.81. Energy Transfer Equity LP has a twelve month low of $15.03 and a twelve month high of $19.85.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Thursday, February 8th will be issued a dividend of $0.305 per share. This is a boost from Energy Transfer Equity’s previous quarterly dividend of $0.30. This represents a $1.22 annualized dividend and a dividend yield of 7.34%. The ex-dividend date of this dividend is Wednesday, February 7th. Energy Transfer Equity’s dividend payout ratio (DPR) is currently 117.31%.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Energy Transfer Equity from a “sell” rating to a “hold” rating in a research report on Thursday, January 25th. 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 Tuesday, January 16th. Bank of America assumed coverage on shares of Energy Transfer Equity in a research report on Tuesday, January 9th. They set a “neutral” rating for the company. Credit Suisse Group began coverage on shares of Energy Transfer Equity in a research report on Thursday, January 4th. They set an “outperform” rating and a $23.00 price objective for the company. Finally, Wolfe Research upgraded shares of Energy Transfer Equity from a “market perform” rating to an “outperform” rating in a report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $21.70.

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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.

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

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