Signature Financial Management adds Energy Transfer Equity LP (ETE) to its portfolio

Energy Transfer Equity LP (ETE) : Signature Financial Management added new position in Energy Transfer Equity LP during the most recent quarter end. The investment management firm now holds 42,816 shares of Energy Transfer Equity LP which is valued at $720,165 , the company said in a statement filed on Aug 3, 2016 with the SEC.Energy Transfer Equity LP makes up approximately 0.33% of Signature Financial Management’s portfolio.

Other Hedge Funds, Including , Sg Americas Securities reduced its stake in ETE by selling 91,387 shares or 43.56% in the most recent quarter. The Hedge Fund company now holds 118,391 shares of ETE which is valued at $1,991,337. Energy Transfer Equity LP makes up approx 0.02% of Sg Americas Securities’s portfolio.Dividend Assets Capital reduced its stake in ETE by selling 179,285 shares or 4.9% in the most recent quarter. The Hedge Fund company now holds 3,482,163 shares of ETE which is valued at $57,281,581. Energy Transfer Equity LP makes up approx 1.67% of Dividend Assets Capital’s portfolio. Catawba Capital Management Va sold out all of its stake in ETE during the most recent quarter. The investment firm sold 23,960 shares of ETE which is valued $407,080.Laurel Wealth Advisors reduced its stake in ETE by selling 4,560 shares or 11.26% in the most recent quarter. The Hedge Fund company now holds 35,942 shares of ETE which is valued at $559,976. Energy Transfer Equity LP makes up approx 0.27% of Laurel Wealth Advisors’s portfolio.

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.

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