Ardsley Advisory Partners buys $16,021,000 stake in Energy Transfer Equity LP (ETE)

Energy Transfer Equity LP (ETE) : Ardsley Advisory Partners scooped up 170,000 additional shares in Energy Transfer Equity LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 925,000 shares of Energy Transfer Equity LP which is valued at $16,021,000.Energy Transfer Equity LP makes up approximately 2.93% of Ardsley Advisory Partners’s portfolio.

Other Hedge Funds, Including , York Capital Management Global Advisors reduced its stake in ETE by selling 7,730,052 shares or 92.32% in the most recent quarter. The Hedge Fund company now holds 643,506 shares of ETE which is valued at $11,145,524. Energy Transfer Equity LP makes up approx 0.28% of York Capital Management Global Advisors’s portfolio. Finemark National Bank Trust added ETE to its portfolio by purchasing 4,080 company shares during the most recent quarter which is valued at $69,156. Energy Transfer Equity LP makes up approx 0.01% of Finemark National Bank Trust’s portfolio.Integrated Wealth Management boosted its stake in ETE in the latest quarter, The investment management firm added 643 additional shares and now holds a total of 10,172 shares of Energy Transfer Equity LP which is valued at $171,093. Energy Transfer Equity LP makes up approx 0.07% of Integrated Wealth Management’s portfolio. Hite Hedge Asset Management added ETE to its portfolio by purchasing 505,580 company shares during the most recent quarter which is valued at $8,316,791. Energy Transfer Equity LP makes up approx 3.38% of Hite Hedge Asset Management’s portfolio.Trust Co Of Vermont boosted its stake in ETE in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 17,800 shares of Energy Transfer Equity LP which is valued at $302,422. Energy Transfer Equity LP makes up approx 0.04% of Trust Co Of Vermont’s portfolio.

Energy Transfer Equity LP closed down -0.09 points or -0.50% at $17.81 with 70,01,768 shares getting traded on Thursday. Post opening the session at $17.75, the shares hit an intraday low of $17.67 and an intraday high of $17.97 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Energy Transfer Equity LP reported $0.30 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus of $0.32. The company had revenue of $9536.00 million for the quarter, compared to analysts expectations of $12171.78 million. The company’s revenue was down -29.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.21 EPS.

Many Wall Street Analysts have commented on Energy Transfer Equity LP. Energy Transfer Equity LP was Resumed by JP Morgan to “Overweight” on Sep 2, 2016. Energy Transfer Equity LP was Resumed by Morgan Stanley to “Overweight” on Aug 15, 2016. Energy Transfer Equity LP was Resumed by Credit Suisse to “Outperform” on Jul 26, 2016.

Energy Transfer Equity L.P. (ETE) is a limited partnership company. The Company directly and indirectly owns equity interests in Energy Transfer Partners L.P. (ETP) and Regency Energy Partners LP (Regency) both of which are master limited partnerships engaged in diversified energy-related services. Its segments include Investment in ETP including the consolidated operations of ETP and Regency; Investment in Lake Charles LNG including the operations of Lake Charles LNG Company LLC (Lake Charles LNG) and Corporate and Other including the activities of ETE. The Company’s Lake Charles LNG provides terminal services for shippers by receiving liquefied natural gas (LNG) at the facility for storage and delivering such liquefied natural gas (LNG) to shippers. It through ETP operates various brands such as Sunoco Stripes Aplus Aloha Island Mart Exxon Mobil Valero Shell and Chevron. In March 2015 ETE transferred its 45% interest in the Bakken Pipeline project to ETP.

Leave a Reply

Energy Transfer Equity LP - Is it time to Sell?

Top Brokerage Firms are advising their investors on Energy Transfer Equity LP. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.