As Energy Transfer Equity LP (ETE) Stock Value Declined, Commonwealth Of Pennsylvania Public School Empls Retrmt Sys Has Raised by $15.43 Million Its Holding

May 27, 2018 - By Dolores Ford

Investors sentiment decreased to 0.76 in Q4 2017. Its down 0.12, from 0.88 in 2017Q3. It turned negative, as 28 investors sold ETE shares while 111 reduced holdings. 38 funds opened positions while 67 raised stakes. 492.05 million shares or 6.77% less from 527.77 million shares in 2017Q3 were reported. Capital One Association holds 0.03% of its portfolio in Energy Transfer Equity, L.P. (NYSE:ETE) for 22,333 shares. Advisory Svcs Limited Liability Corporation has 4,980 shares for 0.01% of their portfolio. Wealthtrust owns 123 shares for 0% of their portfolio. San Francisco Sentry (Ca) holds 0% of its portfolio in Energy Transfer Equity, L.P. (NYSE:ETE) for 1,000 shares. 12,100 were reported by Grassi Inv Management. First Allied Advisory Ser holds 0.01% or 14,873 shares. Princeton Strategies Grp Limited invested in 0.6% or 127,317 shares. Nuwave Inv Mgmt Lc stated it has 0.04% of its portfolio in Energy Transfer Equity, L.P. (NYSE:ETE). Salient Trust Lta holds 0.15% or 75,034 shares. Stifel Financial reported 526,461 shares. New York-based Two Sigma Securities Limited has invested 0.01% in Energy Transfer Equity, L.P. (NYSE:ETE). Lpl Ltd Liability has invested 0% in Energy Transfer Equity, L.P. (NYSE:ETE). Eagleclaw Cap Managment Llc holds 19,200 shares. Allsquare Wealth Mgmt Limited Liability Corporation reported 8,000 shares. Steinberg Global Asset Management has 15,300 shares for 0.04% of their portfolio.

Commonwealth Of Pennsylvania Public School Empls Retrmt Sys increased its stake in Energy Transfer Equity LP (ETE) by 8.56% based on its latest 2017Q4 regulatory filing with the SEC. Commonwealth Of Pennsylvania Public School Empls Retrmt Sys bought 907,389 shares as the company’s stock declined 15.73% with the market. The institutional investor held 11.51 million shares of the public utilities company at the end of 2017Q4, valued at $198.58M, up from 10.60 million at the end of the previous reported quarter. Commonwealth Of Pennsylvania Public School Empls Retrmt Sys who had been investing in Energy Transfer Equity LP for a number of months, seems to be bullish on the $18.11 billion market cap company. The stock decreased 0.18% or $0.03 during the last trading session, reaching $16.75. About 4.50M shares traded. Energy Transfer Equity, L.P. (NYSE:ETE) has declined 22.45% since May 27, 2017 and is downtrending. It has underperformed by 34.00% the S&P500.

Commonwealth Of Pennsylvania Public School Empls Retrmt Sys, which manages about $7.30B US Long portfolio, decreased its stake in Cvs Health Corp (NYSE:CVS) by 53,056 shares to 29,618 shares, valued at $2.15 million in 2017Q4, according to the filing. It also reduced its holding in Western Gas Equity Partners (NYSE:WGP) by 116,679 shares in the quarter, leaving it with 750,340 shares, and cut its stake in Enterprise Prods Partners L (NYSE:EPD).

More recent Energy Transfer Equity, L.P. (NYSE:ETE) news were published by: Streetinsider.com which released: “Energy Transfer Equity (ETE) Says Delaware Court Ruled in Favor of Convertible Preferred Units Issuance” on May 17, 2018. Also Seekingalpha.com published the news titled: “Energy Transfer Ups Permian Bet” on May 14, 2018. Bizjournals.com‘s news article titled: “Enbridge offers to buy MLPs, income fund for $8.86B in wake of FERC policy change” with publication date: May 21, 2018 was also an interesting one.

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 has $23 highest and $17 lowest target. $20.20’s average target is 20.60% above currents $16.75 stock price. Energy Transfer Equity had 7 analyst reports since January 5, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, February 27 by Robert W. Baird. As per Tuesday, January 16, the company rating was maintained by RBC Capital Markets. The rating was maintained by Bank of America with “Neutral” on Tuesday, March 27. The stock of Energy Transfer Equity, L.P. (NYSE:ETE) earned “Buy” rating by Bank of America on Thursday, May 17. As per Friday, April 6, the company rating was maintained by Robert W. Baird. The stock has “Buy” rating by Mizuho on Wednesday, April 11.

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

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