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

May 17, 2018 - By Jason Dias

Big Money Sentiment decreased to 0.76 in 2017 Q4. It has change of 0.12, from 2017Q3’s 0.88. The ratio is negative 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. Glenmede Na invested in 366,553 shs or 0.03% of the stock. The Michigan-based Plante Moran Fincl Advsr has invested 0.05% in Energy Transfer Equity, L.P. (NYSE:ETE). Salient Comm Lta reported 0.15% stake. Us Bancorp De stated it has 0.01% in Energy Transfer Equity, L.P. (NYSE:ETE). Sumitomo Mitsui Trust holds 0.02% or 797,000 shs. Ftb reported 0.01% stake. Bender Robert & Assocs reported 0.1% of its capital in Energy Transfer Equity, L.P. (NYSE:ETE). Gp One Trading L P has invested 0.01% in Energy Transfer Equity, L.P. (NYSE:ETE). Denver Investment Lc owns 10,703 shs. Biondo Invest Advisors Lc invested in 0.13% or 30,800 shs. Blair William And Co Il has 0.02% invested in Energy Transfer Equity, L.P. (NYSE:ETE) for 213,063 shs. Nelson Van Denburg Campbell Wealth Gp Ltd Co accumulated 22,464 shs. Weiss Multi reported 80,000 shs. Hsbc Public Lc holds 0.39% or 15.73 million shs. 248,424 are owned by Eaton Vance Management.

The holdings In Energy Transfer Equity L P (NYSE:ETE) owned by Daniel S. Och was reduced. According to 2018Q1 SEC filling the decrease is 52.04%. The company’s stock Sank 15.73% while Oz Management Lp sold 2.01 million shares. The hedge fund run by Daniel S. Och is holding 1.86M shares, compared to the 3.87 million from the previous quarter. And the reported value of the public utilities company is $26.36M for the 2018Q1. Energy Transfer Equity L P has $18.05 billion MC. ETE is touching $16.69 during the last trading session, after increased 1.03%.Currently Energy Transfer Equity, L.P. is downtrending after 22.45% change in last May 17, 2017. ETE has 2.66M shares volume. ETE underperformed by 34.00% the S&P 500.

Oz Management Lp manages about $56.28 billion and $17.35 billion US Long portfolio. According to a filing the fund upped its stake in Zto Express Cayman Inc () by 5.09M shares to 5.09M shares, valued at $76.34M in 2018Q1. For a total of 37.06 million shares it increased its holding in Verisign Inc (Prn) () by 8.17 million shares in the quarter, and has risen its stake in T Mobile Us Inc (NYSE:TMUS).

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

Total analysts of 5 have positions in Energy Transfer Equity (NYSE:ETE) as follows: 4 rated it a “Buy”, 0 with “Sell” and 1 with “Hold”. The positive are 80%. Since January 5, 2018 according to StockzIntelligence Inc Energy Transfer Equity has 6 analyst reports. The stock rating was maintained by Bank of America with “Neutral” on Tuesday, March 27. On Wednesday, April 11 the rating was maintained by Mizuho with “Buy”. On Tuesday, February 27 Robert W. Baird maintained Energy Transfer Equity, L.P. (NYSE:ETE) rating. Robert W. Baird has “Buy” rating and $22.0 target. In Friday, April 6 report Robert W. Baird maintained it with “Buy” rating and $1900 target. On Tuesday, January 16 the firm earned “Buy” rating 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.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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