Cutler Group Lp buys $9,679,408 stake in Energy Transfer Equity LP (ETE)

Energy Transfer Equity LP (ETE) : Cutler Group Lp scooped up 271,579 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 Jul 12, 2016. The investment management firm now holds a total of 608,003 shares of Energy Transfer Equity LP which is valued at $9,679,408.Energy Transfer Equity LP makes up approximately 0.66% of Cutler Group Lp’s portfolio.

Other Hedge Funds, Including , Walnut Private Equity Partners boosted its stake in ETE in the latest quarter, The investment management firm added 213,114 additional shares and now holds a total of 1,413,114 shares of Energy Transfer Equity LP which is valued at $22,496,775. Energy Transfer Equity LP makes up approx 18.03% of Walnut Private Equity Partners’s portfolio. Searle sold out all of its stake in ETE during the most recent quarter. The investment firm sold 10,000 shares of ETE which is valued $159,200.Chevy Chase Trust Holdings reduced its stake in ETE by selling 400 shares or 0.61% in the most recent quarter. The Hedge Fund company now holds 64,716 shares of ETE which is valued at $1,008,275. Energy Transfer Equity LP makes up approx 0.01% of Chevy Chase Trust Holdings’s portfolio.

Energy Transfer Equity LP closed down -0.06 points or -0.37% at $16.34 with 69,95,828 shares getting traded on Friday. Post opening the session at $16.43, the shares hit an intraday low of $16.165 and an intraday high of $16.62 and the price fluctuated in this range throughout the day.Shares ended Friday 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. Goldman Resumed Energy Transfer Equity LP on Jul 13, 2016 to “Neutral”, Price Target of the shares are set at $17.Deutsche Bank Resumed Energy Transfer Equity LP on Jul 7, 2016 to “Buy”, Price Target of the shares are set at $20.

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.

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