Energy Transfer Equity L P (NYSE:ETE) Shareholder Oz Management Lp Trimmed Position as Price Declined by $28.18 Million

May 17, 2018 - By Susanne Funderburg

During Q4 2017 the big money sentiment decreased to 0.76. That’s change of 0.12, from 2017Q3’s 0.88. 28 investors sold all, 111 reduced holdings as ETE ratio is negative. 67 rose stakes while 38 funds took stakes. Funds hold 492.05 million shares thus 6.77% less from 2017Q3’s 527.77 million shares. Diversified Tru Co invested 0.07% of its capital in Energy Transfer Equity, L.P. (NYSE:ETE). Eaton Vance reported 0.01% in Energy Transfer Equity, L.P. (NYSE:ETE). Whetstone Advsr Limited Liability Com, a Kansas-based fund reported 1.60 million shs. Landscape Capital Lc, a New Jersey-based fund reported 65,538 shs. First Comml Bank Of Omaha stated it has 0.03% of its capital in Energy Transfer Equity, L.P. (NYSE:ETE). Somerset Gp Limited Liability, Minnesota-based fund reported 42,200 shs. Parkwood Ltd Limited Liability Company holds 0.08% of its capital in Energy Transfer Equity, L.P. (NYSE:ETE) for 35,970 shs. Stephens Ar has 675,647 shs. Stifel Financial Corp holds 0.03% or 526,461 shs. Norman Fields Gottscho Cap Management Limited holds 12,000 shs. Timber Hill Ltd accumulated 13,200 shs. Signature Financial Management Incorporated reported 0.17% in Energy Transfer Equity, L.P. (NYSE:ETE). Novare Cap Mgmt holds 172,004 shs or 0.51% of its capital. Columbus Hill Cap L P accumulated 0.06% or 57,890 shs. Waddell And Reed stated it has 0.02% of its capital in Energy Transfer Equity, L.P. (NYSE:ETE).

In 2018Q1 Securities and Exchange filling is reported Daniel S. Och’s stake in Energy Transfer Equity L P (NYSE:ETE) which was reduced by 52.04%. 2.01M shares were sold by Oz Management Lp as the company’s stock declined 15.73% with the market. The hedge fund run by Daniel S. Och is holding 1.86 million shares, compared to the 3.87M from the previous quarter. And the announced value of the public utilities company is $26.36 million for the 2018Q1. $18.05B is Energy Transfer Equity L P’s MC. ETE hit $16.69 during the last trading session after $0.17 change.Energy Transfer Equity, L.P. has volume of 2.66 million shares. Since May 17, 2017 ETE has declined 22.45% and is downtrending. The stock underperformed the S&P500 by 34.00%.

According to a filing Oz Management Lp increased its stake in Time Warner Inc (NYSE:TWX) by 991,247 shares to 4.72M shares, valued at $446.45 million in 2018Q1. The fund operates about $56.28 billion and $17.35 billion US Long portfolio. Oz Management Lp has risen its stake in Bank Amer Corp (NYSE:BAC) and also increased its holding in Altaba Inc () by 2.33M shares in the quarter, for a total of 14.51 million shares.

Among the biggest hedge funds company worldwide, Och-Ziff Capital Management was founded by Daniel S. Och in 1994. The company makes use of many different strategies and has an approach which is multi-geography. Its offices are located in Mumbai, Hong Kong, London, Beijing and New York. Oz Management Lp is a New York-based hedge fund that was founded by Daniel S. Och. It had more than $56.28 billion assets under management in December, 2014. Oz Management Lp is the 84th largest hedge fund in our database. Taken from Oz Management latest Adv, the fund reported to have 546 full and part-time employees. Among which 149 performing investment advisory and research functions. The hedge fund had between 26-100 clients.

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

In total 5 analysts cover Energy Transfer Equity (NYSE:ETE). “Buy” rating has 4, “Sell” are 0, while 1 are “Hold”. 80% are bullish. 6 are the (NYSE:ETE)’s analyst reports since January 5, 2018 according to StockzIntelligence Inc. On Tuesday, March 27 the firm has “Neutral” rating given by Bank of America. On Friday, April 6 the rating was maintained by Robert W. Baird with “Buy”. On Tuesday, February 27 the firm has “Buy” rating given by Robert W. Baird. On Tuesday, January 16 the firm earned “Buy” rating by RBC Capital Markets. On Wednesday, April 11 Mizuho maintained the shares of ETE in report with “Buy” rating.

Energy Transfer Equity, L.P. provides diversified energy-related services in the United States.The firm is valued at $18.05 billion. It owns and operates approximately 7,900 miles of natural gas transportation pipelines and three natural gas storage facilities in Texas; and approximately 11,800 miles of interstate natural gas pipelines.The P/E ratio is 20.18. The firm sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies.

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

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