As Energy Transfer Equity LP (ETE) Stock Price Rose, Salient Capital Advisors LLC Has Boosted by $17.78 Million Its Stake

July 14, 2018 - By Jimmy Baldridge

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. Brookfield Asset accumulated 0.04% or 841,443 shares. Kings Point Management reported 396,226 shares. Bamco Ny reported 0.01% of its portfolio in Energy Transfer Equity, L.P. (NYSE:ETE). Fmr Ltd Limited Liability Company reported 416,500 shares. Winslow Evans And Crocker Inc has invested 0% in Energy Transfer Equity, L.P. (NYSE:ETE). Guardian Ltd Partnership holds 0.09% of its portfolio in Energy Transfer Equity, L.P. (NYSE:ETE) for 346,545 shares. Oz Ltd Partnership holds 0.15% or 1.86 million shares in its portfolio. 8,972 were accumulated by Signalpoint Asset Mgmt Lc. Washington-based Evergreen Cap Management Limited Liability Company has invested 0.1% in Energy Transfer Equity, L.P. (NYSE:ETE). Neuberger Berman Group Inc Ltd Co has 26.64M shares. Tradewinds Capital Mgmt Limited Liability Com owns 500 shares. Perigon Wealth invested 0.02% in Energy Transfer Equity, L.P. (NYSE:ETE). Cohen And Steers Inc accumulated 927,538 shares. Advisory Service Llc holds 0.01% or 5,019 shares in its portfolio. Bluefin Trading Limited Liability Company reported 11,800 shares.

Salient Capital Advisors Llc increased its stake in Energy Transfer Equity LP (ETE) by 8.12% based on its latest 2018Q1 regulatory filing with the SEC. Salient Capital Advisors Llc bought 1.27 million shares as the company’s stock rose 2.51% while stock markets declined. The institutional investor held 16.91 million shares of the public utilities company at the end of 2018Q1, valued at $240.34M, up from 15.64 million at the end of the previous reported quarter. Salient Capital Advisors Llc who had been investing in Energy Transfer Equity LP for a number of months, seems to be bullish on the $18.64 billion market cap company. The stock decreased 0.92% or $0.16 during the last trading session, reaching $17.24. About 1.70 million shares traded. Energy Transfer Equity, L.P. (NYSE:ETE) has declined 8.62% since July 14, 2017 and is downtrending. It has underperformed by 21.19% the S&P500.

Salient Capital Advisors Llc, which manages about $5.02B and $4.05 billion US Long portfolio, decreased its stake in Plains Gp Hldgs LP by 281,840 shares to 3.47M shares, valued at $75.54M in 2018Q1, according to the filing. It also reduced its holding in Nrg Yield Inc by 695,198 shares in the quarter, leaving it with 271,066 shares, and cut its stake in Jpmorgan Chase Co (AMJ).

Another recent and important Energy Transfer Equity, L.P. (NYSE:ETE) news was published by Seekingalpha.com which published an article titled: “Buy Energy Transfer Equity: 7% Yield, 25% Upside, US Centric, Technically Solid, Sector Play” on June 24, 2018.

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

Among 4 analysts covering Energy Transfer Eq (NYSE:ETE), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Energy Transfer Eq has $22.0 highest and $17 lowest target. $19.50’s average target is 13.11% above currents $17.24 stock price. Energy Transfer Eq had 6 analyst reports since January 16, 2018 according to SRatingsIntel. The stock of Energy Transfer Equity, L.P. (NYSE:ETE) earned “Buy” rating by Mizuho on Wednesday, April 11. Bank of America upgraded the stock to “Buy” rating in Thursday, May 17 report. Robert W. Baird maintained Energy Transfer Equity, L.P. (NYSE:ETE) on Tuesday, February 27 with “Buy” rating. RBC Capital Markets maintained Energy Transfer Equity, L.P. (NYSE:ETE) rating on Tuesday, January 16. RBC Capital Markets has “Buy” rating and $22.0 target. Robert W. Baird maintained Energy Transfer Equity, L.P. (NYSE:ETE) rating on Friday, April 6. Robert W. Baird has “Buy” rating and $1900 target. The stock of Energy Transfer Equity, L.P. (NYSE:ETE) earned “Neutral” rating by Bank of America on Tuesday, March 27.

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

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