Oz Management Lp Lowered Its Energy Transfer Equity L P (NYSE:ETE) Position by $28.18 Million; Price Declined

May 17, 2018 - By Joe Cepeda

Big Money Sentiment decreased to 0.76 in Q4 2017. It has change of 0.12, from 2017Q3’s 0.88. The ratio dropped due to ETE positioning: 28 sold and 111 reduced. 38 funds took holdings and 67 increased holdings. Investors holded 527.77 million in 2017Q3 but now own 492.05 million shares or 6.77% less. Moreover, Barnett & Co Inc has 0.01% invested in Energy Transfer Equity, L.P. (NYSE:ETE). First Manhattan holds 0% or 14,612 shs in its capital. Gamco Invsts Et Al reported 0% stake. Eagle Glob Advisors Ltd Liability Co accumulated 8.48M shs or 4.57% of the stock. Bb&T Llc accumulated 194,735 shs. First Natl Tru has invested 0.12% of its capital in Energy Transfer Equity, L.P. (NYSE:ETE). Duff Phelps Inv Management Co has invested 0.19% in Energy Transfer Equity, L.P. (NYSE:ETE). Van Eck Associates, a New York-based fund reported 56,964 shs. 1,800 were reported by Delta Asset Mgmt Tn. Creative Planning holds 0.01% or 123,784 shs in its capital. Hilton Management Lc reported 0.07% in Energy Transfer Equity, L.P. (NYSE:ETE). Nbw Cap Ltd Co accumulated 467,322 shs. Mai Capital invested 0.19% of its capital in Energy Transfer Equity, L.P. (NYSE:ETE). Burt Wealth Advisors holds 0.02% or 1,520 shs in its capital. Davis R M reported 12,000 shs stake.

In 2018Q1 SEC filling is reported Daniel S. Och’s holdings 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 public utilities company announced $26.36 million value for the 2018Q1. Now the hedge fund run by Daniel S. Och is holding 1.86 million shares, compared to the 3.87M from the previous quarter. $18.05B is the MC of Energy Transfer Equity L P. ETE is touching $16.69 during the last trading session, after increased 1.03%.Energy Transfer Equity, L.P. has volume of 2.66M shares. Since May 17, 2017 ETE has declined 22.45% and is downtrending. The stock underperformed the S&P 500 by 34.00%.

Oz Management Lp manages about $56.28B and $17.35B US Long portfolio. According to a filing the fund rose its stake in Monsanto Co New (NYSE:MON) by 805,423 shares to 2.31M shares, valued at $269.69M in 2018Q1. Oz Management Lp has risen its stake in Aetna Inc New (NYSE:AET) and also increased its holding in Bank Amer Corp (NYSE:BAC) by 6.25M shares in the quarter, for a total of 18.09 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”. (NYSE:ETE) has 80% bullish analysts. 6 are the (NYSE:ETE)’s ratings reports on May 17, 2018 according to StockzIntelligence Inc. On Tuesday, February 27 the stock has “Buy” rating by Robert W. Baird. On Tuesday, March 27 Bank of America maintained Energy Transfer Equity, L.P. (NYSE:ETE) rating. Bank of America has “Neutral” rating and $17 target. On Friday, April 6 Robert W. Baird maintained Energy Transfer Equity, L.P. (NYSE:ETE) rating. Robert W. Baird has “Buy” rating and $1900 target. In Wednesday, April 11 report Mizuho maintained the stock with “Buy” rating. On Tuesday, January 16 the firm has “Buy” rating given by RBC Capital Markets.

Energy Transfer Equity, L.P. provides diversified energy-related services in the United States.The firm is worth $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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