Whetstone Capital Advisors LLC Raised Energy Transfer Equity LP (ETE) Position by $19.38 Million

January 23, 2018 - By Richard Conner

Investors sentiment increased to 0.88 in Q3 2017. Its up 0.02, from 0.86 in 2017Q2. It increased, as 25 investors sold ETE shares while 100 reduced holdings. 35 funds opened positions while 75 raised stakes. 527.77 million shares or 5.64% more from 499.59 million shares in 2017Q2 were reported. Texas Yale Capital reported 569,935 shares. Invesco Ltd owns 49,588 shares or 0% of their US portfolio. Westwood Gru accumulated 0.09% or 620,971 shares. Fifth Third Financial Bank stated it has 0.01% of its portfolio in Energy Transfer Equity, L.P. (NYSE:ETE). Creative Planning has invested 0.01% in Energy Transfer Equity, L.P. (NYSE:ETE). Oakworth Inc reported 0% of its portfolio in Energy Transfer Equity, L.P. (NYSE:ETE). San Francisco Sentry Gp (Ca) has 0.01% invested in Energy Transfer Equity, L.P. (NYSE:ETE) for 1,000 shares. Diversified Tru has invested 0.15% in Energy Transfer Equity, L.P. (NYSE:ETE). Northwestern Mutual Wealth Mgmt Communications reported 13,678 shares. Summit Securities Gru Limited Liability Co has 0.03% invested in Energy Transfer Equity, L.P. (NYSE:ETE). The Michigan-based Plante Moran Finance Advisors Limited Liability has invested 0.05% in Energy Transfer Equity, L.P. (NYSE:ETE). Wealthtrust owns 121 shares or 0% of their US portfolio. Castleark Mngmt Limited Com accumulated 116,300 shares. Murphy Capital Management reported 0.04% stake. 10,703 are owned by Denver Investment Advsrs Limited Liability.

David Atterbury increased its stake in Energy Transfer Equity LP (ETE) by 246.4% based on its latest 2017Q3 regulatory filing with the SEC. Whetstone Capital Advisors Llc bought 1.14M shares as the company’s stock declined 2.31% while stock markets rallied. The hedge fund run by David Atterbury held 1.60M shares of the public utilities company at the end of 2017Q3, valued at $27.85 million, up from 462,600 at the end of the previous reported quarter. Whetstone Capital Advisors Llc who had been investing in Energy Transfer Equity LP for a number of months, seems to be bullish on the $20.62 billion market cap company. The stock increased 2.86% or $0.53 during the last trading session, reaching $19.07. About 2.51 million shares traded. Energy Transfer Equity, L.P. (NYSE:ETE) has risen 42.68% since January 23, 2017 and is uptrending. It has outperformed by 25.98% the S&P500.

Whetstone Capital Advisors Llc, which manages about $149.80 million and $219.44 million US Long portfolio, decreased its stake in Williams Cos Inc Del (NYSE:WMB) by 172,133 shares to 144,767 shares, valued at $4.34M in 2017Q3, according to the filing.

More notable recent Energy Transfer Equity, L.P. (NYSE:ETE) news were published by: Seekingalpha.com which released: “Energy Transfer’s Near-Term Growth Catalysts” on January 16, 2018, also Seekingalpha.com with their article: “Energy Transfer Decides To Keep Flawed IDRs” published on December 26, 2017, Seekingalpha.com published: “Why We Created A Position In Energy Transfer Equity” on January 07, 2018. More interesting news about Energy Transfer Equity, L.P. (NYSE:ETE) were released by: Finance.Yahoo.com and their article: “Energy Transfer Partners Divests Compression Units for $1.8B” published on January 17, 2018 as well as Fool.com‘s news article titled: “Don’t Bother With Energy Transfer Partners LP: Enterprise Products Partners LP …” with publication date: January 22, 2018.

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 has $24.0 highest and $7 lowest target. $20.60’s average target is 8.02% above currents $19.07 stock price. Energy Transfer Equity LP had 37 analyst reports since October 27, 2015 according to SRatingsIntel. The stock of Energy Transfer Equity, L.P. (NYSE:ETE) has “Buy” rating given on Thursday, July 27 by RBC Capital Markets. The stock has “Market Perform” rating by Bernstein on Wednesday, May 11. Jefferies initiated Energy Transfer Equity, L.P. (NYSE:ETE) rating on Friday, December 18. Jefferies has “Buy” rating and $23.0 target. The rating was maintained by Jefferies with “Buy” on Tuesday, March 22. The firm earned “Outperform” rating on Tuesday, July 26 by Credit Suisse. The company was maintained on Thursday, October 26 by Robert W. Baird. The firm earned “Neutral” rating on Wednesday, July 13 by Goldman Sachs. The stock of Energy Transfer Equity, L.P. (NYSE:ETE) has “Equal-Weight” rating given on Thursday, September 29 by Stephens. The firm has “Hold” rating by BMO Capital Markets given on Friday, August 18. Goldman Sachs upgraded it to “Buy” rating and $23.0 target in Tuesday, October 17 report.

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