Energy Transfer Equity L.P. (ETE) : Money flow in the Energy Transfer Equity L.P. (ETE) stock was negative (4.71 million) on Monday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $22.47 million, compared to $27.18 million on downticks. The total uptick to downtick ratio was 0.83, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($3.17 million), indicating selling on the strength. The transaction value during uptick in block trades was $4.2 million. Downtick transaction value in block trades amounted to $7.37 million, indicating persistent selling. The uptick to downtick ratio was 0.57. Energy Transfer Equity L.P. (ETE) traded $0.49 higher at $17.81 gaining 2.84% over the previous days close.
Shares of Energy Transfer Equity, L.P. rose by 6.07% in the last five trading days and 10.94% for the last 4 weeks. Energy Transfer Equity, L.P. is up 41.73% in the last 3-month period. Year-to-Date the stock performance stands at 40.21%.
Energy Transfer Equity L.P. (NYSE:ETE): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.38 and $17.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.82, notching a gain of 2.89% for the day. The total traded volume was 6,682,507 . The stock had closed at $17.32 on the previous day.
In a related news, Mcreynolds John W, director officer (President) of Energy Transfer Equity, L.P., had purchased 84,667 shares on December 4, 2015. The total value of the transaction was $1,366,525. The information was disclosed with the SEC in a Form 4 Filing. 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.