Richard Turner - Energy Transfer Director
Director
Mr. K. Richard Turner is Director of LE GP LLC of the Company. Mr. Turner has served as a director of our General Partner since October 2002. Mr. Turner currently serves as chair of the Compensation Committee and a member of the Audit Committee. Mr. Turner is also a director of Sunoco LP, serving as chair of Sunoco LPs compensation and audit committees. Mr. Turner is presently a managing director of Altos Energy Partners, LLC. Mr. Turner previously was a private equity executive with several groups after retiring from the Stephens family entities, which he had worked for since 1983. He first became a private equity principal in 1990 after serving as the Assistant to the Chairman, Jackson T. Stephens. His areas of focus have been oil and gas exploration, natural gas gathering, processing industries, and power technology. Prior to joining Stephens, he was employed by Peat, Marwick, Mitchell and Company. Mr. Turner currently serves as a director of AmeriGas Partners, L.P since 2002.
| Age | 57 |
| Tenure | 22 years |
| Phone | 214-981-0700 |
| Web | http://www.energytransfer.com/overview_ete.aspx |
Energy Transfer Management Efficiency
The company has Return on Asset of 3.23 % which means that on every $100 spent on assets, it made $3.23 of profit. This is considered to be average in the sector. In the same way, it shows a return on shareholders' equity (ROE) of 11.71 %, implying that it generated $11.71 on every 100 dollars invested. Energy Transfer's management efficiency ratios could be used to measure how well Energy Transfer manages its routine affairs as well as how well it operates its assets and liabilities.The company has 44.63 B in debt with debt to equity (D/E) ratio of 144.5, demonstrating that the company may be unable to create cash to meet all of its financial commitments. Energy Transfer Equity has a current ratio of 0.97, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Energy Transfer until it has trouble settling it off, either with new capital or with free cash flow. So, Energy Transfer's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Energy Transfer Equity sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Energy to invest in growth at high rates of return. When we think about Energy Transfer's use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | 11.71 | |||
| Return On Asset | 3.23 |
Energy Transfer Equity Leadership Team
Elected by the shareholders, the Energy Transfer's board of directors comprises two types of representatives: Energy Transfer inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Energy. The board's role is to monitor Energy Transfer's management team and ensure that shareholders' interests are well served. Energy Transfer's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Energy Transfer's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ted Collins, Director of LE GP, LLC, the general partner of Energy Transfer Equity, L.P. | ||
| Nikolaos Christodoulou, General Manager, Group COO, Member of the Executive Committee | ||
| Richard Brannon, Director of LE GP, LLC | ||
| Arron Canacais, Company Secretary | ||
| Charalampos Makkas, Independent Non-Executive Member of the Board of Directors | ||
| Thomas Mason, Sr. VP of Le Gp Llc, General Counsel of Le Gp Llc and Secretary of Le Gp Llc | ||
| Vasileios Mastrokalos, Assistant General Manager, Group Strategy | ||
| Claude Piret, Independent Non-Executive Member of the Board of Directors | ||
| Matthew Ramsey, Independent Director of LE GP LLC General Partner of Energy Transfer Equity LP | ||
| Richard Turner, Independent Director of LE GP LLC.General Partner of Energy Transfer Equity LP | ||
| Paul Mylonas, Chairman of the Executive Committee, CEO, Executive Member of the Board of Directors | ||
| Peter Stickland, Non-Executive Director | ||
| Konstantinos Vosikas, General Manager of Corporate Special Assets | ||
| Dimitrios Dimopoulos, Deputy CEO, Member of the Executive Committee, Executive Member of the Board of Directors | ||
| Dimitrios Pavlineris, Assistant General Manager, Branch Network | ||
| William Williams, Director of LE GP, LLC, the General Partner of Energy Transfer Equity LP. | ||
| Panagiotis Dasmanoglou, General Manager of Group Compliance and Corporate Governance, Member of the Executive Committee, Secretary of the Board of Directors and of its Committees, Executive Member of the Board of Directors | ||
| David Christian, Director of Entek USA Inc | ||
| Konstantinos Bratos, Assistant General Manager, Corporate Workout & Remedial Management | ||
| Costas Michaelides, Non-Executive Chairman of the Board of Directors | ||
| Kelcy Warren, Chairman of LE GP LLC, Chairman of Directors of Energy Transfer Partners LP and CEO of Energy Transfer Partners LP | ||
| Nerida Schmidt, Company Secretary | ||
| Georgios Koutsoudakis, Assistant General Manager of Corporate Banking | ||
| Steven Anderson, Director of LE GP LLC | ||
| Dimitrios Kapotopoulos, General Manager of Corporate Banking, Member of the Executive Committee | ||
| Vasileios Kavalos, Assistant General Manager - Group Treasurer | ||
| Jamie Welch, CFO of Le Gp Llc - General Partner, Head of Bus. Devel. of Le Gp Llc - General Partner and Director of Le Gp Llc - General Partner | ||
| Georgios Kaloritis, General Manager of Internal Audit of the Bank and the Group | ||
| Patrick Burke, Non-Executive Director | ||
| Yiannis Zographakis, Non-Executive Member of the Board of Directors | ||
| Thomas Long, CFO of LE GP LLC | ||
| Eva Cederbalk, Independent Non-Executive Member of the Board of Directors | ||
| Dougal Ferguson, Managing Director, Director | ||
| Brad Whitehurst, Executive Vice President Head of Tax of LE GP, LLC | ||
| Ioannis Vagionitis, General Manager of Group Risk Management (Chief Risk Officer), Member of the Executive Committee | ||
| Marshall McCrea, Director of LE GP LLC, General Partner of Energy Transfer Equity LP. | ||
| Ray Davis, Director of LE GP LLC | ||
| John McReynolds, President of LE GP, LLC and Director of LE GP, LLC | ||
| Ioanna KatzilieriZour, Assistant General Manager, Group Marketing and Communications | ||
| John McCormick, Independent Non-Executive Member of the Board of Directors | ||
| Iain Smith, Director | ||
| Periklis Drougkas, Non-Executive Member of the Board of Directors as Representative of the Hellenic Financial Stability Fund (Greek Law 3864/2010) | ||
| Mark McAuliffe, Executive Chairman of the Board, Managing Director | ||
| Robert Ierace, Director | ||
| Marinis Stratopoulos, General Manager, International Activities | ||
| Vassilis Karamouzis, Assistant General Manager of Corporate & Investment Banking | ||
| Anthony Walsh, Non-Executive Director | ||
| Brent Ratliff, Vice President Investor Relations | ||
| Andrew McIntyre, Independent Non-Executive Member of the Board of Directors | ||
| George Maligiannis, Assistant General Manager, Retail Collections | ||
| Petros Fourtounis, Group Human Resources General Manager | ||
| George Frangou, Head of Group Real Estate, Deputy General Manager | ||
| Vasileios Skiadiotis, Assistant General Manager of Retail Banking | ||
| Ioannis Kyriakopoulos, General Manager, Group CFO, Member of the Executive Committee | ||
| Georgios Triantafillakis, General Manager of Legal Services, Member of the Executive Committee | ||
| Brad Whitehurs, Executive Vice President Head of Tax | ||
| Nelly TzakouLambropoulou, General Manager of Retail Banking, Member of the Executive Committee |
Energy Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Energy Transfer a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 11.71 | |||
| Return On Asset | 3.23 | |||
| Profit Margin | 2.58 % | |||
| Operating Margin | 14.90 % | |||
| Current Valuation | 95.87 B | |||
| Shares Outstanding | 1.16 B | |||
| Shares Owned By Insiders | 29.02 % | |||
| Shares Owned By Institutions | 44.79 % | |||
| Number Of Shares Shorted | 39.33 M | |||
| Price To Book | 52.78 X |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Energy Transfer in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Energy Transfer's short interest history, or implied volatility extrapolated from Energy Transfer options trading.
Pair Trading with Energy Transfer
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Energy Transfer position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Energy Transfer will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Microsoft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microsoft when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Microsoft - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Microsoft to buy it.
The correlation of Microsoft is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Microsoft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microsoft moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Microsoft can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Other Consideration for investing in Energy Stock
If you are still planning to invest in Energy Transfer Equity check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Energy Transfer's history and understand the potential risks before investing.
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