As Energy Transfer Equity LP (ETE) Share Price Rose, Whetstone Capital Advisors LLC Has Increased Its Stake

July 27, 2018 - By Robert Shackelford

Investors sentiment increased to 0.92 in Q1 2018. Its up 0.16, from 0.76 in 2017Q4. It increased, as 30 investors sold ETE shares while 93 reduced holdings. 28 funds opened positions while 85 raised stakes. 477.05 million shares or 3.05% less from 492.05 million shares in 2017Q4 were reported. Texas Yale, Florida-based fund reported 569,585 shares. Salient Capital Ltd Company has 5.93% invested in Energy Transfer Equity, L.P. (NYSE:ETE) for 16.91 million shares. Alps Advsrs stated it has 0.04% of its portfolio in Energy Transfer Equity, L.P. (NYSE:ETE). Royal Retail Bank Of Canada, a Ontario – Canada-based fund reported 442,009 shares. Raymond James And Associates holds 0.02% or 736,521 shares. South State accumulated 21,975 shares. Fdx Advsr invested in 17,856 shares or 0.01% of the stock. Synovus Corporation has invested 0% in Energy Transfer Equity, L.P. (NYSE:ETE). Gp One Trading Limited Partnership reported 70,701 shares. Credit Suisse Ag accumulated 901,477 shares. Carroll Financial Associates Incorporated holds 11,776 shares. Moreover, Citadel Advsrs Lc has 0% invested in Energy Transfer Equity, L.P. (NYSE:ETE) for 204,576 shares. 51,378 were reported by Van Eck Assocs. Sumitomo Mitsui Trust reported 0.01% stake. Bamco Inc New York owns 0.01% invested in Energy Transfer Equity, L.P. (NYSE:ETE) for 83,500 shares.

Whetstone Capital Advisors Llc increased its stake in Energy Transfer Equity LP (ETE) by 246.4% based on its latest 2018Q1 regulatory filing with the SEC. Whetstone Capital Advisors Llc bought 1.14 million shares as the company’s stock rose 2.51% while stock markets declined. The hedge fund held 1.60 million shares of the public utilities company at the end of 2018Q1, valued at $22.77 million, up from 462,600 at the end of the previous reported quarter. Whetstone Capital Advisors Llc who had been investing in Energy Transfer Equity LP for a number of months, seems to be bullish on the $19.72B market cap company. The stock increased 1.45% or $0.26 during the last trading session, reaching $18.24. About 3.87 million shares traded or 19.39% up from the average. Energy Transfer Equity, L.P. (NYSE:ETE) has declined 8.62% since July 27, 2017 and is downtrending. It has underperformed by 21.19% the S&P500.

Another recent and important Energy Transfer Equity, L.P. (NYSE:ETE) news was published by Businesswire.com which published an article titled: “Energy Transfer Equity Announces Quarterly Cash Distribution” on July 26, 2018.

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

Among 3 analysts covering Energy Transfer Eq (NYSE:ETE), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Energy Transfer Eq has $22.0 highest and $17 lowest target. $18.67’s average target is 2.36% above currents $18.24 stock price. Energy Transfer Eq had 5 analyst reports since February 27, 2018 according to SRatingsIntel. The firm has “Neutral” rating by Bank of America given on Tuesday, March 27. On Friday, April 6 the stock rating was maintained by Robert W. Baird with “Buy”. The firm has “Buy” rating given on Tuesday, February 27 by Robert W. Baird. Bank of America upgraded the stock to “Buy” rating in Thursday, May 17 report. Mizuho maintained Energy Transfer Equity, L.P. (NYSE:ETE) on Wednesday, April 11 with “Buy” rating.

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

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