Chickasaw Capital Management LLC Maintains Stake in Energy Transfer Equity LP (ETE)

May 20, 2018 - By Winifred Garcia

Investors sentiment decreased to 0.76 in Q4 2017. Its down 0.12, from 0.88 in 2017Q3. It fall, as 28 investors sold ETE shares while 111 reduced holdings. 38 funds opened positions while 67 raised stakes. 492.05 million shares or 6.77% less from 527.77 million shares in 2017Q3 were reported. Nbw Ltd Liability Company reported 2.12% in Energy Transfer Equity, L.P. (NYSE:ETE). Barnett And holds 0.01% of its portfolio in Energy Transfer Equity, L.P. (NYSE:ETE) for 1,100 shares. Peoples Services Corporation owns 44,728 shares. 163,564 were reported by Franklin Resource. Jennison Associates Ltd Liability Corporation has 0.01% invested in Energy Transfer Equity, L.P. (NYSE:ETE). Moreover, Van Eck Associate Corp has 0% invested in Energy Transfer Equity, L.P. (NYSE:ETE) for 56,964 shares. Sumitomo Mitsui Holdings invested 0.02% in Energy Transfer Equity, L.P. (NYSE:ETE). Gabelli Funds Ltd Co holds 1.43 million shares. Third Security Ltd Llc reported 847,650 shares. Heritage Wealth Advsr has 0.71% invested in Energy Transfer Equity, L.P. (NYSE:ETE). Rockefeller owns 646 shares or 0% of their US portfolio. Community Bank & Trust Na, New York-based fund reported 700 shares. Bender Robert And Assoc reported 10,311 shares. Brown Advisory reported 64,252 shares stake. Bb&T Securities Ltd Liability Co accumulated 194,735 shares.

Chickasaw Capital Management Llc increased its stake in Energy Transfer Equity Lp (ETE) by 1.87% based on its latest 2017Q4 regulatory filing with the SEC. Chickasaw Capital Management Llc bought 410,501 shares as the company’s stock declined 15.73% with the market. The hedge fund held 22.41 million shares of the public utilities company at the end of 2017Q4, valued at $386.75M, up from 22.00M at the end of the previous reported quarter. Chickasaw Capital Management Llc who had been investing in Energy Transfer Equity Lp for a number of months, seems to be bullish on the $18.30B market cap company. It closed at $16.92 lastly. It is down 22.45% since May 20, 2017 and is downtrending. It has underperformed by 34.00% the S&P500.

More notable recent Energy Transfer Equity, L.P. (NYSE:ETE) news were published by: Foxbusiness.com which released: “Energy Transfer Equity LP Provides a Glimpse at What’s Going on Behind the Scenes” on May 16, 2018, also Seekingalpha.com with their article: “Highlights from Appaloosa’s Q1” published on May 15, 2018, Seekingalpha.com published: “Energy Transfer Ups Permian Bet” on May 14, 2018. More interesting news about Energy Transfer Equity, L.P. (NYSE:ETE) were released by: Streetinsider.com and their article: “Energy Transfer Equity (ETE) Says Delaware Court Ruled in Favor of Convertible Preferred Units Issuance” published on May 17, 2018 as well as Investorplace.com‘s news article titled: “5 MLPs That Should Crush the Market in 2018” with publication date: May 17, 2018.

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

Among 5 analysts covering Energy Transfer Equity (NYSE:ETE), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Energy Transfer Equity has $23 highest and $17 lowest target. $20.20’s average target is 19.39% above currents $16.92 stock price. Energy Transfer Equity had 7 analyst reports since January 5, 2018 according to SRatingsIntel. The rating was upgraded by Bank of America on Thursday, May 17 to “Buy”. Mizuho maintained the shares of ETE in report on Wednesday, April 11 with “Buy” rating. The stock has “Buy” rating by Robert W. Baird on Tuesday, February 27. Robert W. Baird maintained Energy Transfer Equity, L.P. (NYSE:ETE) rating on Friday, April 6. Robert W. Baird has “Buy” rating and $1900 target. The firm has “Neutral” rating given on Tuesday, March 27 by Bank of America. RBC Capital Markets maintained Energy Transfer Equity, L.P. (NYSE:ETE) on Tuesday, January 16 with “Buy” rating.

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

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