As Energy Transfer Equity LP (ETE) Stock Price Declined, Whetstone Capital Advisors LLC Boosted Its Holding

February 15, 2018 - By Winifred Garcia

Investors sentiment increased to 0.88 in 2017 Q3. Its up 0.02, from 0.86 in 2017Q2. It is positive, 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. Parallax Volatility Advisers Ltd Partnership reported 0.01% of its portfolio in Energy Transfer Equity, L.P. (NYSE:ETE). State Street invested in 104,116 shares or 0% of the stock. Hightower Advisors Limited Liability Corp holds 0.09% of its portfolio in Energy Transfer Equity, L.P. (NYSE:ETE) for 588,484 shares. Fic Cap Incorporated owns 38,168 shares. Solaris Asset Ltd Limited Liability Company accumulated 0.2% or 19,775 shares. Obermeyer Wood Inv Counsel Lllp owns 376,024 shares. Perigon Wealth Management invested in 3,200 shares. Salem Counselors Inc invested in 0.14% or 69,500 shares. Mariner Wealth Advisors Limited Liability holds 0.01% or 11,306 shares. Somerset Gp Ltd holds 42,200 shares or 0.67% of its portfolio. Iberiabank Corporation owns 0.03% invested in Energy Transfer Equity, L.P. (NYSE:ETE) for 10,389 shares. Washington Tru Bancorporation reported 888 shares. Bluefin Trading Limited Liability holds 0.49% or 238,757 shares in its portfolio. Hsbc Public Limited Liability Corp accumulated 0.52% or 18.78M shares. California-based First Republic Inv Mgmt has invested 0% in Energy Transfer Equity, L.P. (NYSE:ETE).

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 $27.85M, 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 $18.51B market cap company. The stock decreased 1.44% or $0.25 during the last trading session, reaching $17.12. About 1.52M shares traded. Energy Transfer Equity, L.P. (NYSE:ETE) has risen 42.68% since February 15, 2017 and is uptrending. It has outperformed by 25.98% the S&P500.

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

More notable recent Energy Transfer Equity, L.P. (NYSE:ETE) news were published by: Seekingalpha.com which released: “A Seismic Shift For Energy Transfer Partners” on January 18, 2018, also Fool.com with their article: “Forget Energy Transfer Partners LP: Kinder Morgan, Inc. Is a Better Pipeline Stock” published on February 14, 2018, Businesswire.com published: “Energy Transfer Equity Announces Increase in Quarterly Cash Distribution” on January 29, 2018. More interesting news about Energy Transfer Equity, L.P. (NYSE:ETE) were released by: Prnewswire.com and their article: “Sunoco LP and Energy Transfer Announce Redemption of Sunoco Series A Preferred …” published on January 25, 2018 as well as Gurufocus.com‘s news article titled: “Blackstone Group LP Buys Enterprise Products Partners LP, Energy Transfer …” with publication date: February 15, 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 had 37 analyst reports since October 27, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Raymond James on Thursday, January 12. BMO Capital Markets maintained Energy Transfer Equity, L.P. (NYSE:ETE) rating on Thursday, October 12. BMO Capital Markets has “Hold” rating and $19.0 target. The firm has “Outperform” rating given on Monday, September 26 by Robert W. Baird. The firm earned “Hold” rating on Friday, August 18 by BMO Capital Markets. RBC Capital Markets maintained the stock with “Buy” rating in Monday, October 9 report. The firm has “Buy” rating by Robert W. Baird given on Thursday, October 26. Bernstein downgraded the shares of ETE in report on Monday, January 9 to “Mkt Perform” rating. The rating was maintained by Credit Suisse with “Outperform” on Tuesday, July 26. The company was upgraded on Tuesday, November 8 by Bernstein. Stephens initiated the shares of ETE in report on Thursday, September 29 with “Equal-Weight” rating.

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