Oz Management Lp Lowered Position in Energy Transfer Equity L P (NYSE:ETE) as Price Declined

May 17, 2018 - By Skott Medlock

During 2017 Q4 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 turned negative. 67 increased positions while 38 funds bought positions. Funds hold 492.05 million shares thus 6.77% less from 2017Q3’s 527.77 million shares. Fincl Bank Of New York Mellon has invested 0% of its capital in Energy Transfer Equity, L.P. (NYSE:ETE). Blackhill Capital reported 0.21% in Energy Transfer Equity, L.P. (NYSE:ETE). Hodges Mgmt holds 22,650 shs. Beach Invest Counsel Pa has 1.38% invested in Energy Transfer Equity, L.P. (NYSE:ETE) for 820,937 shs. Stratos Wealth Partners holds 36,930 shs or 0.03% of its capital. Fort Washington Investment Advisors Incorporated Oh accumulated 955,057 shs. Arrowstreet L P reported 16,600 shs. Bnp Paribas Asset Mngmt Holding has 0% invested in Energy Transfer Equity, L.P. (NYSE:ETE). Hennessy Inc, California-based fund reported 208,500 shs. Bamco has 0.01% invested in Energy Transfer Equity, L.P. (NYSE:ETE). City Holding has invested 0.01% in Energy Transfer Equity, L.P. (NYSE:ETE). Salient Trust Lta owns 75,034 shs for 0.15% of their capital. Ftb Advisors holds 3,508 shs or 0.01% of its capital. Estabrook Capital Mngmt holds 0% or 1,840 shs in its capital. Blackrock Inc holds 0% of its capital in Energy Transfer Equity, L.P. (NYSE:ETE) for 78,316 shs.

Daniel S. Och’s stake in Energy Transfer Equity L P (NYSE:ETE) is decreased by 52.04% based on its latest 2018Q1 regulatory filing with the SEC. The company’s stock declined 15.73% with the market as Oz Management Lp sold 2.01M shares. The hedge fund run by Daniel S. Och is holding 1.86M shares, compared to the 3.87M from the previous quarter. And the reported value of the public utilities company is $26.36 million for the 2018Q1. $18.05B is Energy Transfer Equity L P’s MC. ETE is hitting $16.69 during the last trading session, after increased 1.03%.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%.

Oz Management Lp manages about $56.28 billion and $17.35B US Long portfolio. According to a filing the fund rose its stake in Hd Supply Hldgs Inc (NASDAQ:HDS) by 415,141 shares to 5.06 million shares, valued at $192.12M in 2018Q1. For a total of 14.51M shares it increased its holding in Altaba Inc () by 2.33M shares in the quarter, and has risen its stake in Microsoft Corp (NASDAQ:MSFT).

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

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.20.18 is the P/E ratio. 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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