Jefferies Group buys $32.6 Million stake in Energy Transfer Equity LP (ETE)

Energy Transfer Equity LP (ETE) : Jefferies Group scooped up 1,224,370 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 May 11, 2016. The investment management firm now holds a total of 2,577,963 shares of Energy Transfer Equity LP which is valued at $32.6 Million.Energy Transfer Equity LP makes up approximately 1.22% of Jefferies Group’s portfolio.

Other Hedge Funds, Including , Atlantic Trust Group reduced its stake in ETE by selling 3,089,107 shares or 24.69% in the most recent quarter. The Hedge Fund company now holds 9,422,939 shares of ETE which is valued at $119.1 Million. Energy Transfer Equity LP makes up approx 0.90% of Atlantic Trust Group’s portfolio.Bronfman E.l. Rothschild boosted its stake in ETE in the latest quarter, The investment management firm added 4,005 additional shares and now holds a total of 4,845 shares of Energy Transfer Equity LP which is valued at $62,694. Energy Transfer Equity LP makes up approx 0.01% of Bronfman E.l. Rothschild’s portfolio. Tiedemann Wealth Management sold out all of its stake in ETE during the most recent quarter. The investment firm sold 28,240 shares of ETE which is valued $365,426.

Energy Transfer Equity LP opened for trading at $12.95 and hit $12.95 on the upside on Monday, eventually ending the session at $12.79, with a gain of 1.19% or 0.15 points. The heightened volatility saw the trading volume jump to 1,99,78,996 shares. Company has a market cap of $13,363 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 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.

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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