Salient Capital Advisors LLC Lifted Its Energy Transfer Equity LP (ETE) Stake by $17.78 Million

July 14, 2018 - By Tamara Reed

Investors sentiment increased to 0.92 in Q1 2018. Its up 0.16, from 0.76 in 2017Q4. It is positive, 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. Gsa Llp reported 143,428 shares. Tortoise Advsrs Limited Liability has 3.47% invested in Energy Transfer Equity, L.P. (NYSE:ETE). Wells Fargo & Mn reported 3.26 million shares. Manufacturers Life Insur The stated it has 0% in Energy Transfer Equity, L.P. (NYSE:ETE). Advisory Services Networks Limited Liability has 0.01% invested in Energy Transfer Equity, L.P. (NYSE:ETE). Janney Montgomery Scott Ltd reported 59,249 shares. Lpl Ltd Llc owns 61,047 shares. Assetmark invested 0% of its portfolio in Energy Transfer Equity, L.P. (NYSE:ETE). Alexandria Limited Liability Company, Virginia-based fund reported 36,912 shares. Moreover, Omega Advisors has 1.25% invested in Energy Transfer Equity, L.P. (NYSE:ETE) for 2.36 million shares. City Holding, a West Virginia-based fund reported 1,972 shares. Wetherby Asset Management has 14,400 shares for 0.03% of their portfolio. Baldwin Brothers Ma holds 0% or 664 shares in its portfolio. The New York-based Oppenheimer has invested 0.01% in Energy Transfer Equity, L.P. (NYSE:ETE). Brown Advisory Securities Limited Com has invested 0.03% in Energy Transfer Equity, L.P. (NYSE:ETE).

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 $240.34 million, up from 15.64M 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 $5.02 billion and $4.05B US Long portfolio, decreased its stake in Tallgrass Energy Gp Lp by 261,421 shares to 7.21 million shares, valued at $137.19 million in 2018Q1, according to the filing. It also reduced its holding in Enlink Midstream Llc (NYSE:ENLC) by 352,224 shares in the quarter, leaving it with 4.12M shares, and cut its stake in Oneok Inc New (NYSE:OKE).

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 Robert W. Baird on Friday, April 6. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, January 16. Mizuho maintained it with “Buy” rating and $2000 target in Wednesday, April 11 report. The firm has “Buy” rating by Bank of America given on Thursday, May 17. The stock of Energy Transfer Equity, L.P. (NYSE:ETE) has “Neutral” rating given on Tuesday, March 27 by Bank of America. The firm has “Buy” rating by Robert W. Baird given on Tuesday, February 27.

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

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