Harvest Fund Advisors LLC Has Lifted Its Energy Transfer Equity LP (ETE) Position by $160.32 Million

December 7, 2017 - By Dolores Ford

Investors sentiment decreased to 0.86 in Q2 2017. Its down 0.27, from 1.13 in 2017Q1. It worsened, as 28 investors sold ETE shares while 97 reduced holdings. 26 funds opened positions while 82 raised stakes. 499.59 million shares or 4.04% more from 480.19 million shares in 2017Q1 were reported. Obermeyer Wood Invest Counsel Lllp accumulated 378,404 shares. 23,126 are owned by One Association. Security Natl Trust Com has 12,000 shares. Thompson Davis & Commerce Incorporated reported 1,200 shares or 0.04% of all its holdings. Steinberg Asset holds 24,300 shares. Avalon Advsr Lc reported 0.04% of its portfolio in Energy Transfer Equity, L.P. (NYSE:ETE). Qcm Cayman, Texas-based fund reported 35,846 shares. Edgemoor reported 63,196 shares. Signalpoint Asset Management Lc reported 0.09% in Energy Transfer Equity, L.P. (NYSE:ETE). Cv Starr Com Inc has 4.79% invested in Energy Transfer Equity, L.P. (NYSE:ETE) for 620,000 shares. Sentinel Lba stated it has 0.07% in Energy Transfer Equity, L.P. (NYSE:ETE). Private Advisor Gp Limited Com accumulated 100,226 shares or 0.05% of the stock. Blackhill Cap stated it has 0.24% of its portfolio in Energy Transfer Equity, L.P. (NYSE:ETE). Pathstone Family Office Ltd Limited Liability Company accumulated 2,500 shares or 0.01% of the stock. Architects owns 1,900 shares or 0.01% of their US portfolio.

Harvest Fund Advisors Llc increased its stake in Energy Transfer Equity LP (ETE) by 29.16% based on its latest 2017Q2 regulatory filing with the SEC. Harvest Fund Advisors Llc bought 9.43 million shares as the company’s stock declined 2.31% while stock markets rallied. The hedge fund held 41.77 million shares of the public utilities company at the end of 2017Q2, valued at $750.20M, up from 32.34 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 bullish on the $17.60B market cap company. The stock increased 0.06% or $0.01 during the last trading session, reaching $16.28. About 2.01M shares traded. Energy Transfer Equity, L.P. (NYSE:ETE) has risen 42.68% since December 7, 2016 and is uptrending. It has outperformed by 25.98% the S&P500.

Harvest Fund Advisors Llc, which manages about $5.20B and $9.71B US Long portfolio, decreased its stake in Valero Energy Partners Lp (NYSE:VLP) by 266,118 shares to 1.02M shares, valued at $46.40 million in 2017Q2, according to the filing. It also reduced its holding in Crossamerica Partners Lp (NYSE:CAPL) by 187,922 shares in the quarter, leaving it with 2.93 million shares, and cut its stake in Enterprise Prods Partners L (NYSE:EPD).

More notable recent Energy Transfer Equity, L.P. (NYSE:ETE) news were published by: Zacks.com which released: “Is Energy Transfer Equity (ETE) a Great Value Pick ?” on December 06, 2017, also Businesswire.com with their article: “Energy Transfer Equity Reports Third Quarter Results” published on November 07, 2017, Seekingalpha.com published: “Energy Transfer’s Growing NGLs Hub Is Worth Checking Out” on November 30, 2017. More interesting news about Energy Transfer Equity, L.P. (NYSE:ETE) were released by: Nasdaq.com and their article: “Earnings Reaction History: Energy Transfer Equity, LP, 40.0% Follow-Through …” published on November 07, 2017 as well as Seekingalpha.com‘s news article titled: “Energy Transfer: The Incredible Shrinking MLP” with publication date: November 29, 2017.

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

Among 15 analysts covering Energy Transfer Equity LP (NYSE:ETE), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Energy Transfer Equity LP had 35 analyst reports since October 27, 2015 according to SRatingsIntel. The firm has “Mkt Perform” rating given on Monday, January 9 by Bernstein. On Tuesday, March 22 the stock rating was maintained by Jefferies with “Buy”. The company was upgraded on Thursday, January 12 by Raymond James. The firm earned “Outperform” rating on Tuesday, July 26 by Credit Suisse. On Tuesday, October 17 the stock rating was upgraded by Goldman Sachs to “Buy”. BMO Capital Markets maintained Energy Transfer Equity, L.P. (NYSE:ETE) on Friday, August 18 with “Hold” rating. The stock of Energy Transfer Equity, L.P. (NYSE:ETE) earned “Neutral” rating by Robert W. Baird on Monday, February 8. The firm earned “Buy” rating on Monday, October 9 by RBC Capital Markets. On Friday, September 2 the stock rating was reinitiated by JP Morgan with “Overweight”. The firm earned “Buy” rating on Wednesday, April 19 by Jefferies.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.