Energy Transfer Equity LP (ETE) had declared a cash dividend of $0.2850 on Jan 26, 2017. The shares will quote ex-dividend on Feb 3, 2017 and the record date has been fixed for Feb 7, 2017. Based on Feb 3, 2017 share price, the yield comes out to be 6.03%. The dividend payable date has been fixed on Feb 20, 2017.
In a different note, On Jan 9, 2017, Bernstein said it Downgrades its rating on Energy Transfer Equity LP. The shares have been rated ‘Market Perform’ by the firm.
Energy Transfer Equity LP (ETE) made into the market gainers list on Tuesdays trading session with the shares advancing 2.75% or 0.51 points. Due to strong positive momentum, the stock ended at $19.05, which is also near the day’s high of $19.18. The stock began the session at $18.4 and the volume stood at 75,83,886 shares. The 52-week high of the shares is $20.05 and the 52 week low is $4. The company has a current market capitalization of $19,945 M and it has 1,04,69,62,810 shares in outstanding.
Energy Transfer Equity LP(ETE) last announced its earnings results on Nov 9, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $9.68B. Analysts had an estimated revenue of $9.51B. Earnings per share were $0.47. The reported EPS was above estimates by $0.24 or 104.35%. Analysts had estimated an EPS of $0.23.
Several Insider Transactions has been reported to the SEC. On Dec 8, 2015, John W Mcreynolds (President) purchased 84,667 shares at $16.14 per share price.Also, On Dec 8, 2015, K Rick Turner (director) purchased 5,000 shares at $12.90 per share price.On Dec 7, 2015, Kelcy L Warren (director 10% owner) purchased 2,000,000 shares at $16.11 per share price, according to the Form-4 filing with the securities and exchange commission.
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.