Energy Transfer Equity LP (ETE) : Norman Fields Gottscho Capital Management added new position in Energy Transfer Equity LP during the most recent quarter end. The investment management firm now holds 12,000 shares of Energy Transfer Equity LP which is valued at $199,080 , the company said in a statement filed on Oct 4, 2016 with the SEC.Energy Transfer Equity LP makes up approximately 0.13% of Norman Fields Gottscho Capital Management’s portfolio.
Other Hedge Funds, Including , Washington Trust Bank sold out all of its stake in ETE during the most recent quarter. The investment firm sold 800 shares of ETE which is valued $13,272.
Energy Transfer Equity LP closed down -0.49 points or -2.93% at $16.22 with 35,19,651 shares getting traded on Tuesday. Post opening the session at $16.7, the shares hit an intraday low of $16.16 and an intraday high of $16.78 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. Mizuho Initiated Energy Transfer Equity LP on Sep 30, 2016 to “Buy”, Price Target of the shares are set at $20.Company shares were Upgraded by Robert W. Baird on Sep 26, 2016 to ” Outperform”, Firm has raised the Price Target to $ 20 from a previous price target of $7 .Energy Transfer Equity LP was Resumed by JP Morgan to “Overweight” on Sep 2, 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.