Energy Transfer Equity L P (NYSE:ETE) Price Declined While Oz Management Lp Trimmed Its Position

May 17, 2018 - By Benjamin Allen

Big Money Sentiment decreased to 0.76 in 2017 Q4. It has change of 0.12, from 2017Q3’s 0.88. The ratio is negative due to ETE positioning: 28 sold and 111 reduced. 38 funds bought holdings and 67 increased holdings. Investors holded 527.77 million in 2017Q3 but now own 492.05 million shares or 6.77% less. Walnut Private Equity Prtnrs Limited Company has invested 19.79% in Energy Transfer Equity, L.P. (NYSE:ETE). Cullen Frost Bankers Inc has 0.03% invested in Energy Transfer Equity, L.P. (NYSE:ETE). Cap Mngmt Ltd Liability Com holds 0.37% of its capital in Energy Transfer Equity, L.P. (NYSE:ETE) for 273,770 shs. 132,334 were reported by Alliancebernstein Ltd Partnership. Ntv Asset Lc has invested 0.06% in Energy Transfer Equity, L.P. (NYSE:ETE). Alps Advsr Incorporated reported 381,368 shs. Assetmark invested in 0% or 1,650 shs. Enterprise holds 0.03% or 3,917 shs in its capital. Moreover, Invesco has 0% invested in Energy Transfer Equity, L.P. (NYSE:ETE) for 50,371 shs. Oakworth Cap, Alabama-based fund reported 74 shs. Bb&T Corp holds 0% or 10,334 shs in its capital. Pinnacle Holdings Lc reported 12,825 shs stake. Berkshire Asset Mgmt Ltd Liability Company Pa reported 14,944 shs stake. Waddell Reed Finance has invested 0.02% in Energy Transfer Equity, L.P. (NYSE:ETE). Eaton Vance Mgmt holds 248,424 shs or 0.01% of its capital.

In Energy Transfer Equity L P (NYSE:ETE) was decreased the holdings held by Daniel S. Och. The decrease is 52.04% according to 2018Q1 SEC form. 2.01M shares were sold by Oz Management Lp as the company’s stock declined 15.73% with the market. At the end of 2018Q1, the hedge fund run by Daniel S. Och held 1.86 million shares of the public utilities company, priced at $26.36M, down from 3.87 million at the end of the previous reported quarter. Energy Transfer Equity L P has $18.05 billion market cap. The stock increased 1.03% or $0.17 during the last trading session, hitting $16.69.Currently Energy Transfer Equity, L.P. is downtrending after 22.45% change in last May 17, 2017. ETE has 2.66 million shares volume. The stock underperformed the S&P 500 by 34.00%.

According to a filing Oz Management Lp rose its stake in Time Warner Inc (NYSE:TWX) by 991,247 shares to 4.72M shares, valued at $446.45M in 2018Q1. The fund manages about $56.28B and $17.35B US Long portfolio. For a total of 200,000 shares it increased its holding in Tesla Inc (NASDAQ:TSLA) by 187,700 shares in the quarter, and has risen its stake in Zto Express Cayman Inc ().

Among the biggest hedge funds company worldwide, Och-Ziff Capital Management was founded by Daniel S. Och in 1994. The company makes use of many different strategies and has an approach which is multi-geography. Its offices are located in Mumbai, Hong Kong, London, Beijing and New York. Oz Management Lp is a New York-based hedge fund that was founded by Daniel S. Och. It had more than $56.28 billion assets under management in December, 2014. Oz Management Lp is the 84th largest hedge fund in our database. Taken from Oz Management latest Adv, the fund reported to have 546 full and part-time employees. Among which 149 performing investment advisory and research functions. The hedge fund had between 26-100 clients.

Energy Transfer Equity, L.P. (NYSE:ETE) Ratings Coverage

In total 5 analysts cover Energy Transfer Equity (NYSE:ETE). “Buy” rating has 4, “Sell” are 0, while 1 are “Hold”. 80% are bullish. 6 are the (NYSE:ETE)’s analyst reports since January 5, 2018 according to StockzIntelligence Inc. On Friday, April 6 the rating was maintained by Robert W. Baird with “Buy”. On Tuesday, March 27 the stock of Energy Transfer Equity, L.P. (NYSE:ETE) has “Neutral” rating given by Bank of America. On Wednesday, April 11 the stock has “Buy” rating by Mizuho. On Tuesday, February 27 Robert W. Baird maintained Energy Transfer Equity, L.P. (NYSE:ETE) rating. Robert W. Baird has “Buy” rating and $22.0 target. On Tuesday, January 16 the stock of Energy Transfer Equity, L.P. (NYSE:ETE) earned “Buy” rating by RBC Capital Markets.

Energy Transfer Equity, L.P. provides diversified energy-related services in the United States.The company has $18.05 billion market cap. It owns and operates approximately 7,900 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 11,800 miles of interstate natural gas pipelines.20.18 is the P/E ratio. The firm sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.

Energy Transfer Equity, L.P. (NYSE:ETE) Institutional Investors Chart

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