Energy Transfer Equity, L.P. (ETE) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. increased its position in Energy Transfer Equity, L.P. (NYSE:ETE) by 79.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,831 shares of the pipeline company’s stock after buying an additional 30,422 shares during the period. Oppenheimer & Co. Inc.’s holdings in Energy Transfer Equity, L.P. were worth $1,358,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. WFG Advisors LP boosted its position in shares of Energy Transfer Equity, L.P. by 1,251.4% in the fourth quarter. WFG Advisors LP now owns 1,500 shares of the pipeline company’s stock valued at $116,000 after buying an additional 1,389 shares during the period. Botty Investors LLC acquired a new position in shares of Energy Transfer Equity, L.P. during the first quarter valued at about $144,000. Advisory Services Network LLC acquired a new position in shares of Energy Transfer Equity, L.P. during the first quarter valued at about $163,000. Hirtle Callaghan & Co LLC acquired a new position in shares of Energy Transfer Equity, L.P. during the first quarter valued at about $178,000. Finally, TNB Financial acquired a new position in shares of Energy Transfer Equity, L.P. during the first quarter valued at about $203,000. 50.75% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Energy Transfer Equity, L.P. (NYSE:ETE)

Energy Transfer Equity, L.P. (NYSE ETE) traded down 3.42% during trading on Tuesday, reaching $15.52. 6,170,746 shares of the company’s stock traded hands. Energy Transfer Equity, L.P. has a 1-year low of $12.10 and a 1-year high of $20.05. The firm has a 50 day moving average of $17.59 and a 200 day moving average of $18.38. The firm has a market capitalization of $16.75 billion, a PE ratio of 18.63 and a beta of 1.95.

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ETE has been the subject of several recent research reports. Zacks Investment Research raised shares of Energy Transfer Equity, L.P. from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a report on Tuesday, March 14th. Sanford C. Bernstein raised shares of Energy Transfer Equity, L.P. from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $19.00 to $23.00 in a report on Wednesday, May 10th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Energy Transfer Equity, L.P. in a report on Friday, March 17th. Wolfe Research reaffirmed a “market perform” rating on shares of Energy Transfer Equity, L.P. in a report on Friday, May 12th. Finally, Jefferies Group LLC raised shares of Energy Transfer Equity, L.P. from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Wednesday, April 19th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $20.38.

About Energy Transfer Equity, L.P.

Energy Transfer Equity, L.P. (ETE) owns equity interests in Energy Transfer Partners, L.P. (ETP) and Sunoco LP, which are engaged in diversified energy-related services. The Company’s segments include Investment in ETP, including the consolidated operations of ETP; Investment in Sunoco LP, including the consolidated operations of Sunoco LP; Investment in Lake Charles LNG, including the operations of Lake Charles LNG, and Corporate and Other.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ETE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding ETE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Energy Transfer Equity, L.P. (NYSE:ETE).

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