Dividend Growth of Energy Transfer Equity, L.P.(ETE)

Energy Transfer Equity, L.P.(ETE) is having a Dividend Yield of 5.89% with the Annual cash Dividend per share of $1.14. The last quarter cash dividend per share pay out was $0.29. Energy Transfer Equity, L.P. has a 5 year average dividend yield of 5.24% and the stock has a Indicated annual dividend of $1.14. Energy Transfer Equity, L.P.(ETE) formally announced its most recent dividend on January 27, 2017 with a Dividend per share of $0.29. The new indicated annual dividend based on announced dividend per share is $1.14. The dividend yield based on the forward looking indicated annual dividend is 5.89%. Energy Transfer Equity, L.P.(ETE) has the most recent dividend payout ratio of 0.85 with a 5-year average payout ratio of 1.24. The 5 year historical dividend growth of Energy Transfer Equity, L.P.(ETE) is at the rate of 17.72% while the R-Squared dividend growth is 0.92. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Energy Transfer Equity, L.P. (NYSE:ETE) witnessed a decline in the market cap on Thursday as its shares dropped 1.24% or 0.24 points. After the session commenced at $19.44, the stock reached the higher end at $19.54 while it hit a low of $19.06. With the volume soaring to 5,723,317 shares, the last trade was called at $19.12. The company has a 52-week high of $20.05. The company has a market cap of $20,018 million and there are 1,046,962,810 shares in outstanding. The 52-week low of the share price is $5.67. Energy Transfer Equity, L.P. has dropped 0.16% in the last five trading days, however, the shares have posted positive gains of 7.88% in the last 4 weeks. Energy Transfer Equity, L.P. is up 15.18% in the last 3-month period. Year-to-Date the stock performance stands at 0.56%.

Currently the company Insiders own 3.28% of Energy Transfer Equity, L.P. shares according to the proxy statements. Institutional Investors own 43.89% of Energy Transfer Equity, L.P. shares. Company has reported several Insider transactions to the SEC, on Dec 8, 2015, John W Mcreynolds (President) purchased 84,667 shares at 16.14 per share price.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.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Energy Transfer Equity LP was Upgraded by Raymond James to Outperform on Jan 12, 2017. Energy Transfer Equity LP was Downgraded by Bernstein to Mkt Perform on Jan 9, 2017.

Energy Transfer Equity LP Last issued its quarterly earnings results on Nov 9, 2016. The company reported $0.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.09. Analyst had a consensus of $0.28. The company had revenue of $9678.00 million for the quarter, compared to analysts expectations of $8528.58 million. The companys revenue was down -8.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.28 EPS.

Energy Transfer Equity, L.P. owns a diversified portfolio of energy assets, including natural gas operations consisting miles of natural gas gathering and transportation pipelines, natural gas treating and processing assets located in Texas and Louisiana, and three natural gas storage facilities located in Texas.


Post Comment