Energy Transfer Equity LP (ETE) Valuation Rose While Chickasaw Capital Management LLC Has Increased Its Stake

September 8, 2018 - By Matthew Richard

Investors sentiment increased to 0.92 in 2018 Q1. Its up 0.16, from 0.76 in 2017Q4. It improved, 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. Kings Point Cap Mngmt reported 1.14% in Energy Transfer Equity, L.P. (NYSE:ETE). Advisors Cap Ltd Llc owns 0.31% invested in Energy Transfer Equity, L.P. (NYSE:ETE) for 290,045 shares. 14,584 are owned by Edgewood Management Ltd Liability Corp. Baldwin Brothers Ma reported 664 shares. Neuberger Berman Grp Inc Ltd Liability Company accumulated 26.64 million shares. The Florida-based Raymond James Assoc has invested 0.02% in Energy Transfer Equity, L.P. (NYSE:ETE). The Nebraska-based Walnut Private Equity Ltd Liability Com has invested 17.95% in Energy Transfer Equity, L.P. (NYSE:ETE). Brown Advisory Securities Lc stated it has 11,002 shares or 0.03% of all its holdings. Salem Counselors invested 0.09% in Energy Transfer Equity, L.P. (NYSE:ETE). Eagleclaw Managment Ltd Liability Corp, a Massachusetts-based fund reported 19,200 shares. The California-based Wells Fargo And Company Mn has invested 0.01% in Energy Transfer Equity, L.P. (NYSE:ETE). Raymond James Serv Advsrs holds 0.02% or 274,930 shares. Sumitomo Mitsui Hldg reported 788,000 shares. Deroy & Devereaux Private Invest Counsel Incorporated reported 0.03% in Energy Transfer Equity, L.P. (NYSE:ETE). Sentinel Trust Lba holds 0.07% or 22,551 shares.

Chickasaw Capital Management Llc increased its stake in Energy Transfer Equity Lp (ETE) by 4.66% based on its latest 2018Q1 regulatory filing with the SEC. Chickasaw Capital Management Llc bought 1.04M shares as the company’s stock rose 2.51% while stock markets declined. The hedge fund held 23.45M shares of the public utilities company at the end of 2018Q1, valued at $333.25M, up from 22.41M at the end of the previous reported quarter. Chickasaw Capital Management Llc who had been investing in Energy Transfer Equity Lp for a number of months, seems to be bullish on the $20.14B market cap company. The stock decreased 0.86% or $0.15 during the last trading session, reaching $17.36. About 7.13 million shares traded or 55.52% up from the average. Energy Transfer Equity, L.P. (NYSE:ETE) has declined 8.62% since September 8, 2017 and is downtrending. It has underperformed by 21.19% the S&P500.

Chickasaw Capital Management Llc, which manages about $1.93B and $4.21B US Long portfolio, decreased its stake in Alps Etf Tr Alerian Mlp (AMLP) by 3.37 million shares to 636,275 shares, valued at $5.96 million in 2018Q1, according to the filing.

More news for Energy Transfer Equity, L.P. (NYSE:ETE) were recently published by: Seekingalpha.com, which released: “Energy Transfer Is Cooking In Grease” on August 14, 2018. Seekingalpha.com‘s article titled: “ETE-ETP Rollup And Implied Distribution Cut” and published on August 20, 2018 is yet another important article.

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

Among 5 analysts covering Energy Transfer Equity (NYSE:ETE), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Energy Transfer Equity had 6 analyst reports since March 27, 2018 according to SRatingsIntel. The stock of Energy Transfer Equity, L.P. (NYSE:ETE) earned “Overweight” rating by Morgan Stanley on Friday, August 3. Stephens upgraded it to “Overweight” rating and $23 target in Thursday, August 2 report. The company was maintained on Wednesday, April 11 by Mizuho. Bank of America upgraded the stock to “Buy” rating in Thursday, May 17 report. The firm earned “Buy” rating on Friday, April 6 by Robert W. Baird. The firm has “Neutral” rating by Bank of America given on Tuesday, March 27.

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

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