Harvest Fund Advisors LLC Cut Energy Transfer Equity LP (ETE) Holding as Stock Rose

October 2, 2018 - By olga

Investors sentiment decreased to 0.85 in 2018 Q2. Its down 0.07, from 0.92 in 2018Q1. It dropped, as 23 investors sold ETE shares while 100 reduced holdings. 33 funds opened positions while 72 raised stakes. 476.76 million shares or 0.06% less from 477.05 million shares in 2018Q1 were reported. Atwood And Palmer has 667 shares. Private Tru Communications Na owns 12,014 shares or 0.04% of their US portfolio. Da Davidson & has 0.02% invested in Energy Transfer Equity, L.P. (NYSE:ETE). Nelson Van Denburg & Campbell Wealth Mgmt Group Incorporated Ltd Company reported 21,741 shares. Natixis holds 4.52M shares. The California-based Cohen Capital has invested 0.33% in Energy Transfer Equity, L.P. (NYSE:ETE). Advsrs Ltd Company reported 294,239 shares. Hightower Advsr Ltd Llc reported 304,760 shares. 1.49M were accumulated by California Public Employees Retirement. Suntrust Banks stated it has 16,720 shares. Salient Cap Advsr Llc owns 16.02 million shares. Cambridge Invest Advsr owns 34,908 shares or 0.01% of their US portfolio. South State holds 0.04% in Energy Transfer Equity, L.P. (NYSE:ETE) or 20,975 shares. Fifth Third Bankshares invested in 0.01% or 66,480 shares. Evanson Asset Mngmt Ltd Liability Co invested 0.19% in Energy Transfer Equity, L.P. (NYSE:ETE).

Since September 6, 2018, it had 2 insider purchases, and 0 sales for $2.21 million activity.

Harvest Fund Advisors Llc decreased its stake in Energy Transfer Equity LP (ETE) by 2.22% based on its latest 2018Q2 regulatory filing with the SEC. Harvest Fund Advisors Llc sold 1.10 million shares as the company’s stock rose 1.60% with the market. The hedge fund held 48.35 million shares of the public utilities company at the end of 2018Q2, valued at $833.97M, down from 49.44 million at the end of the previous reported quarter. Harvest Fund Advisors Llc who had been investing in Energy Transfer Equity LP for a number of months, seems to be less bullish one the $20.79B market cap company. The stock decreased 0.97% or $0.175 during the last trading session, reaching $17.915. About 3.32 million shares traded. Energy Transfer Equity, L.P. (NYSE:ETE) has declined 0.11% since October 2, 2017 and is downtrending. It has underperformed by 15.73% the S&P500.

Harvest Fund Advisors Llc, which manages about $5.20B and $9.89 billion US Long portfolio, upped its stake in Enable Midstream Partners Lp (NYSE:ENBL) by 3.66M shares to 5.10 million shares, valued at $87.22M in 2018Q2, according to the filing. It also increased its holding in Dcp Midstream Lp (NYSE:DPM) by 3.52 million shares in the quarter, for a total of 10.56M shares, and has risen its stake in Antero Midstream Partners Lp (NYSE:AM).

Analysts await Energy Transfer Equity, L.P. (NYSE:ETE) to report earnings on November, 6. They expect $0.57 EPS, up 159.09 % or $0.35 from last year’s $0.22 per share. ETE’s profit will be $661.41 million for 7.86 P/E if the $0.57 EPS becomes a reality. After $0.33 actual EPS reported by Energy Transfer Equity, L.P. for the previous quarter, Wall Street now forecasts 72.73 % EPS growth.

Another recent and important Energy Transfer Equity, L.P. (NYSE:ETE) news was published by Benzinga.com which published an article titled: “Insider Buys Of The Week: Energy Transfer Equity, Energy Transfer Partners, RH” on September 16, 2018.

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

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

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

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