Signaturefd buys $925,650 stake in Energy Transfer Equity LP (ETE)

Energy Transfer Equity LP (ETE) : Signaturefd scooped up 8,650 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 Nov 14, 2016. The investment management firm now holds a total of 55,000 shares of Energy Transfer Equity LP which is valued at $925,650.Energy Transfer Equity LP makes up approximately 0.14% of Signaturefd’s portfolio.

Other Hedge Funds, Including , Finemark National Bank Trust boosted its stake in ETE in the latest quarter, The investment management firm added 690 additional shares and now holds a total of 4,770 shares of Energy Transfer Equity LP which is valued at $77,799. Energy Transfer Equity LP makes up approx 0.01% of Finemark National Bank Trust’s portfolio.

Energy Transfer Equity LP opened for trading at $16.97 and hit $17.425 on the upside on Monday, eventually ending the session at $17.29, with a gain of 3.72% or 0.62 points. The heightened volatility saw the trading volume jump to 86,12,833 shares. Company has a market cap of $18,102 M.

On the company’s financial health, Energy Transfer Equity LP reported $0.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on Nov 9, 2016. Analyst had a consensus of $0.28. The company had revenue of $9678.00 million for the quarter, compared to analysts expectations of $8528.58 million. The company’s revenue was down -8.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.28 EPS.

Many Wall Street Analysts have commented on Energy Transfer Equity LP. Energy Transfer Equity LP was Upgraded by Bernstein to ” Outperform” on Nov 8, 2016. 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 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.

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