Energy Transfer Equity, L.P. (ETE) Recent Ownership Changes

Energy Transfer Equity, L.P. (NYSE:ETE) has made a 21.17% comeback from a 12-month low price of $12.80. It was seen -2.82% lower, changing the price to $15.51, when the closing bell rang on 04/24/2018. At recent session, the prices were hovering between $15.4 and $16. This company shares are 28.63% off its target price of $19.95 and the current market capitalization stands at $16.66B. The recent change has given its price a 0.77% lead over SMA 50 and -20.46% deficit over its 52-week high. The stock witnessed 8.92% gains, -19.13% declines and -10.14% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ETE’s volatility during a week at 2.8% and during a month it has been found around 3.14%.

Energy Transfer Equity, L.P. (ETE) Top Holders

Institutional investors currently hold around $9.14 billion or 48.5% in ETE stock. Look at its top three institutional owners. Morgan Stanley owns $734.13 million in Energy Transfer Equity, L.P., which represents roughly 4.41% of the company’s market cap and approximately 8.03% of the institutional ownership. Similar statistics are true for the second largest owner, Goldman Sachs Group Inc, which owns 45,868,733 shares of the stock are valued at $732.07 million. The third largest holder is Harvest Fund Advisors Llc, which currently holds $729.13 million worth of this stock and that ownership represents nearly 4.38% of its market capitalization.

Energy Transfer Equity, L.P. 13F Filings

At the end of December reporting period, 153 institutional holders increased their position in Energy Transfer Equity, L.P. (NYSE:ETE) by some 105,923,248 shares, 169 decreased positions by 81,264,356 and 107 held positions by 385,534,029. That puts total institutional holdings at 572,721,633 shares, according to SEC filings. The stock grabbed 63 new institutional investments totaling 51,751,532 shares while 32 institutional investors sold out their entire positions totaling 3,999,660 shares.

Energy Transfer Equity, L.P. (NYSE:ETE) Insider Trades

Multiple company employees have indulged in significant insider trading. Energy Transfer Equity, L.P. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director, 10% Owner Warren Kelcy L has acquired 2,485,000 shares of Energy Transfer Equity, L.P. (ETE) in trading session dated Dec. 09, 2015. These shares are worth $41,300,700 and were traded at $16.62 each. The SEC filing shows that Turner K Rick performed a purchase of 5,000 shares. The Director added these shares by way of transaction on Dec. 07, 2015. The company’s shares were assimilated at $12.9 per share worth to an investment of some $64,500 on account of Turner K Rick.

President, Mcreynolds John W, purchased 84,667 common shares of Energy Transfer Equity, L.P. (ETE) in the open market. In a transaction dated Dec. 04, 2015, the shares were bought at an average price of $16.14, giving away a sum of $1,366,525. After this purchase, 25,084,555 common shares of ETE are directly owned by the insider, with total stake valued at $389,061,448.

In the transaction dated Dec. 04, 2015, the great number of shares acquired came courtesy the Director, 10% Owner; Warren Kelcy L added a total of 2,000,000 shares at an average price of $16.07, amounting to approximately $32,140,000. The insider now directly owns 25,848,220 shares worth $400,905,892.

Energy Transfer Equity, L.P. (ETE) Analyst Guide

Several analysts have released their opinion on Energy Transfer Equity, L.P. (NYSE:ETE), with 5 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.75 average brokerage recommendation.

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