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 Video: What is a Stock Split?
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| Energy Transfer Equity is a holding company. Co.'s segments are: Investment in Energy Transfer Partners, L.P., which includes intrastate transportation and storage operations, interstate transportation and storage operations, midstream operations, crude oil transportation and services operations, investment in Sunoco Logistics Partners L.P., and retail marketing operations; Investment in Sunoco LP, which includes wholesale and retail operations; and Investment in Lake Charles liquefied natural gas (LNG), which provides terminal services for shippers by receiving LNG at the facility for storage and delivering such LNG to shippers, either in liquid state or gaseous state after regasification. According to our ETE split history records, ETE has had 2 splits. | |
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ETE (ETE) has 2 splits in our ETE split history database. The first split for ETE took place on January 27, 2014. This was a 2 for 1 split, meaning for each share of ETE owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. ETE's second split took place on July 27, 2015. This was a 2 for 1 split, meaning for each share of ETE owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
When a company such as ETE splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the ETE split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ETE shares, starting with a $10,000 purchase of ETE, presented on a split-history-adjusted basis factoring in the complete ETE split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
01/21/2015 |
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| End date: |
10/18/2018 |
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| Start price/share: |
$26.90 |
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| End price/share: |
$16.82 |
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| Starting shares: |
371.75 |
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| Ending shares: |
477.03 |
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| Dividends reinvested/share: |
$4.23 |
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| Total return: |
-19.76% |
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| Average Annual Total Return: |
-5.72% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$8,022.99 |
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| Years: |
3.74 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
01/21/2015 |
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| End date: |
10/18/2018 |
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| Start price/share: |
$26.90 |
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| End price/share: |
$16.82 |
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| Dividends collected/share: |
$4.23 |
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| Total return: |
-21.77% |
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| Average Annual Total Return: |
-6.35% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$7,824.33 |
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| Years: |
3.74 |
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| Date |
Ratio |
| 01/27/2014 | 2 for 1 | | 07/27/2015 | 2 for 1 |
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