Energy Transfer Equity LP (ETE) : Cmt Asset Management Ltd scooped up 79,621 additional shares in Energy Transfer Equity LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 174,000 shares of Energy Transfer Equity LP which is valued at $3,013,680.Energy Transfer Equity LP makes up approximately 3.50% of Cmt Asset Management Ltd’s portfolio.
Other Hedge Funds, Including , Virtus Etf Advisers added ETE to its portfolio by purchasing 124,532 company shares during the most recent quarter which is valued at $2,156,894. Energy Transfer Equity LP makes up approx 2.47% of Virtus Etf Advisers’s portfolio. Parametric Portfolio Associates added ETE to its portfolio by purchasing 14,816 company shares during the most recent quarter which is valued at $256,613.Sheaff Brock Investment Advisors reduced its stake in ETE by selling 12,754 shares or 32.18% in the most recent quarter. The Hedge Fund company now holds 26,879 shares of ETE which is valued at $443,772. Energy Transfer Equity LP makes up approx 0.05% of Sheaff Brock Investment Advisors’s portfolio.Kayne Anderson Capital Advisors Lp reduced its stake in ETE by selling 763,396 shares or 8.87% in the most recent quarter. The Hedge Fund company now holds 7,843,100 shares of ETE which is valued at $129,489,581. Energy Transfer Equity LP makes up approx 1.43% of Kayne Anderson Capital Advisors Lp’s portfolio. Mission Wealth Management added ETE to its portfolio by purchasing 16,790 company shares during the most recent quarter which is valued at $282,408. Energy Transfer Equity LP makes up approx 0.07% of Mission Wealth Management’s portfolio.
Energy Transfer Equity LP closed down -0.09 points or -0.50% at $17.81 with 70,01,768 shares getting traded on Thursday. Post opening the session at $17.75, the shares hit an intraday low of $17.67 and an intraday high of $17.97 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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 JP Morgan to “Overweight” on Sep 2, 2016. Energy Transfer Equity LP was Resumed by Morgan Stanley to “Overweight” on Aug 15, 2016. Energy Transfer Equity LP was Resumed by Credit Suisse to “Outperform” on Jul 26, 2016.
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.