Energy Transfer Equity LP (ETE) : Arcus Capital Partners reduced its stake in Energy Transfer Equity LP by 27.07% during the most recent quarter end. The investment management company now holds a total of 10,741 shares of Energy Transfer Equity LP which is valued at $180,664 after selling 3,987 shares in Energy Transfer Equity LP , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Energy Transfer Equity LP makes up approximately 0.17% of Arcus Capital Partners’s portfolio.
Other Hedge Funds, Including , Parkside Financial Bank Trust reduced its stake in ETE by selling 4,165 shares or 12.49% in the most recent quarter. The Hedge Fund company now holds 29,185 shares of ETE which is valued at $490,892. Energy Transfer Equity LP makes up approx 0.23% of Parkside Financial Bank Trust’s portfolio. Whittier Trust Co Of Nevada Inc sold out all of its stake in ETE during the most recent quarter. The investment firm sold 2,000 shares of ETE which is valued $33,180. Tiaa Cref Trust Co Fsbmo added ETE to its portfolio by purchasing 24,268 company shares during the most recent quarter which is valued at $409,158.
Energy Transfer Equity LP opened for trading at $16.7 and hit $16.99 on the upside on Monday, eventually ending the session at $16.8, with a gain of 1.76% or 0.29 points. The heightened volatility saw the trading volume jump to 57,36,672 shares. Company has a market cap of $17,552 M.
On the company’s financial health, Energy Transfer Equity LP reported $0.30 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus of $0.32. The company had revenue of $9536.00 million for the quarter, compared to analysts expectations of $12171.78 million. The company’s revenue was down -29.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.21 EPS.
Many Wall Street Analysts have commented on Energy Transfer Equity LP. Energy Transfer Equity LP was Resumed by Credit Suisse to “Outperform” on Jul 26, 2016. Goldman Resumed Energy Transfer Equity LP on Jul 13, 2016 to “Neutral”, Price Target of the shares are set at $17.Deutsche Bank Resumed Energy Transfer Equity LP on Jul 7, 2016 to “Buy”, Price Target of the shares are set at $20.
Energy Transfer Equity L.P. (ETE) is a limited partnership company. The Company directly and indirectly owns equity interests in Energy Transfer Partners L.P. (ETP) and Regency Energy Partners LP (Regency) both of which are master limited partnerships engaged in diversified energy-related services. Its segments include Investment in ETP including the consolidated operations of ETP and Regency; Investment in Lake Charles LNG including the operations of Lake Charles LNG Company LLC (Lake Charles LNG) and Corporate and Other including the activities of ETE. The Company’s Lake Charles LNG provides terminal services for shippers by receiving liquefied natural gas (LNG) at the facility for storage and delivering such liquefied natural gas (LNG) to shippers. It through ETP operates various brands such as Sunoco Stripes Aplus Aloha Island Mart Exxon Mobil Valero Shell and Chevron. In March 2015 ETE transferred its 45% interest in the Bakken Pipeline project to ETP.