Energy Transfer Equity LP (ETE) : Msd Partners reduced its stake in Energy Transfer Equity LP by 36.77% during the Q4 period. The investment management company now holds a total of 1,709,127 shares of Energy Transfer Equity LP which is valued at $13.7 Million after selling 994,067 shares in Energy Transfer Equity LP according to the most recent disclosure to the SEC.Energy Transfer Equity LP makes up approximately 0.66% of Msd Partners’s portfolio.
Other Hedge Funds, Including , Lvw Advisors boosted its stake in ETE during the Q4 period, The investment management firm added 13,685 additional shares and now holds a total of 28,345 shares of Energy Transfer Equity LP which is valued at $227,043. Energy Transfer Equity LP makes up approx 0.09% of Lvw Advisors’s portfolio. Global X Management Co sold out all of its stake in ETE during the fourth quarter. The investment firm sold 418,527 shares of ETE which is valued $3.4 Million.Blackrock Advisors boosted its stake in ETE during the Q4 period, The investment management firm added 490 additional shares and now holds a total of 150,910 shares of Energy Transfer Equity LP which is valued at $1.2 Million. New Vernon Investment Management sold out all of its stake in ETE during the fourth quarter. The investment firm sold 72,518 shares of ETE which is valued $580,869. Essex Financial Services sold out all of its stake in ETE during the fourth quarter. The investment firm sold 11,933 shares of ETE which is valued $95,583.
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 Downgraded by Raymond James to ” Mkt Perform” on Feb 29, 2016. Energy Transfer Equity LP was Downgraded by BofA/Merrill to ” Neutral” on Feb 17, 2016. Shares were Downgraded by Robert W. Baird on Feb 8, 2016 to ” Neutral” and Lowered the Price Target to $ 7 from a previous price target of $30 .
Energy Transfer Equity LP closed down -0.33 points or -4.80% at $6.55 with 1,55,30,439 shares getting traded on Monday. Post opening the session at $6.85, the shares hit an intraday low of $6.47 and an intraday high of $6.93 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.