Energy Transfer Equity L.P. (ETE) : The total money flow in Energy Transfer Equity L.P. (ETE) was negative ($10.24 million), showing the domination of sellers in the Wednesday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $26.8 million. Transactions on upticks were comparatively lower at $16.55 million. The uptick to downtick ratio was 0.62. The total block trades done on upticks were valued at $1.79 million. The total block trades on downticks were valued at $9.98 million. The uptick to the downtick ratio of block trades was 0.18. The money flow during block trades was negative ($8.19 million) when the stock traded with a gain of $18 cent. Energy Transfer Equity L.P. (ETE) was $16.99, an increase of 1.07% over the previous days close.
Also, Brokerage firm Goldman Sachs reinstates its rating on Energy Transfer Equity L.P. (NYSE:ETE). In a research note issued to the investors, the brokerage major announces price-target of $17 per share.The shares have been rated Neutral. The rating by the firm was issued on July 13, 2016.
Energy Transfer Equity L.P. (NYSE:ETE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.70 and $16.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.99, notching a gain of 1.07% for the day. The total traded volume was 7,153,810 . The stock had closed at $16.81 on the previous day.
The stock has recorded a 20-day Moving Average of 12.58% and the 50-Day Moving Average is 23.67%. In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director officer (President) of Energy Transfer Equity, L.P., Mcreynolds John W had purchased shares worth of $1,366,525 in a transaction dated on December 4, 2015. A total of 84,667 shares were purchased at a price of $16.14 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
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 Companys 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.