Energy Transfer Equity LP (ETE) Market Valuation Rose While Whetstone Capital Advisors Has Lifted Stake by $15.96 Million; Bank Of America (BAC) Holder Carmignac Gestion Increased Position by $24.43 Million as Share Value Declined

June 19, 2018 - By Vivian Currie

Bank of America Corporation (NYSE:BAC) Logo

David Atterbury increased its stake in Energy Transfer Equity LP (ETE) by 246.4% based on its latest 2018Q1 regulatory filing with the SEC. Whetstone Capital Advisors Llc bought 1.14M shares as the company’s stock rose 2.51% while stock markets declined. The hedge fund run by David Atterbury held 1.60M shares of the public utilities company at the end of 2018Q1, valued at $22.77 million, up from 462,600 at the end of the previous reported quarter. Whetstone Capital Advisors Llc who had been investing in Energy Transfer Equity LP for a number of months, seems to be bullish on the $18.52B market cap company. The stock decreased 0.41% or $0.07 during the last trading session, reaching $17.13. About 3.35 million shares traded. Energy Transfer Equity, L.P. (NYSE:ETE) has declined 8.62% since June 19, 2017 and is downtrending. It has underperformed by 21.19% the S&P500. Some Historical ETE News: 27/03/2018 – ETP Mariner East liquids pipe spills more fluid in Pennsylvania; 22/04/2018 – DJ Energy Transfer Equity LP, Inst Holders, 1Q 2018 (ETE); 15/03/2018 – Energy Transfer Announces It Expects No Material Impact from FERC Policy Revisions; 03/05/2018 – Penn. regulators allow ETP Mariner East 1 liquids pipe to restart; 09/05/2018 – ENERGY TRANSFER EQUITY LP ETE.N – QTRLY NET INCOME PER LIMITED PARTNER UNIT $0.31; 26/04/2018 – Sunoco LP Maintains Quarterly Distribution; 12/04/2018 – ENERGY TRANSFER PARTNERS – UNIT TO LAUNCH OPEN SEASON TO SOLICIT SHIPPER COMMITMENTS FOR TRANSPORTATION SERVICE OF DIESEL FUEL FROM HEBERT TO MIDLAND; 02/04/2018 – Sunoco LP Completes Its Conversion of West Texas Retail Sites to Commission Agent Model; 10/05/2018 – ENERGY TRANSFER CEO KELCY WARREN COMMENTS ON CALL; 09/05/2018 – ENERGY TRANSFER PARTNERS LP ETP.N – QTRLY NET INCOME PER COMMON UNIT $0.24

Carmignac Gestion increased its stake in Bank Of America Corp (BAC) by 15.4% based on its latest 2018Q1 regulatory filing with the SEC. Carmignac Gestion bought 842,263 shares as the company’s stock declined 6.97% with the market. The institutional investor held 6.31 million shares of the major banks company at the end of 2018Q1, valued at $189.27 million, up from 5.47 million at the end of the previous reported quarter. Carmignac Gestion who had been investing in Bank Of America Corp for a number of months, seems to be bullish on the $298.10 billion market cap company. The stock increased 0.41% or $0.12 during the last trading session, reaching $29.4. About 52.64M shares traded. Bank of America Corporation (NYSE:BAC) has risen 29.72% since June 19, 2017 and is uptrending. It has outperformed by 17.15% the S&P500. Some Historical BAC News: 21/05/2018 – Lam Research Presenting at Bank of America Conference Jun 6; 18/04/2018 – MERRILL LYNCH’S BLANCH CONCLUDES BLOOMBERG RADIO INTERVIEW; 08/05/2018 – C.H. Robinson to Participate in the Bank of America Merrill Lynch 2018 Transportation and the 2018 Wolfe Research Global Transportation Conferences; 15/05/2018 – MEDIA-UBS head of European M&A Brizay is said to join Bank of America – Bloomberg; 11/05/2018 – Quorum Health Presenting at Bank of America Conference May 17; 27/03/2018 – BOFA PAYS U.K. FEMALE STAFF 28.7% LESS ON THAN MALES ON AVG; 16/05/2018 – Arcos Dorados Presenting at Bank of America Conference May 30; 15/05/2018 – ONLY 1 PCT OF INVESTORS THINK GLOBAL ECONOMY WILL STRENGTHEN OVER THE NEXT 12 MONTHS – BAML MAY FUND MANAGER SURVEY; 02/04/2018 – Morgan Stanley, JPMorgan Chase, Wells Fargo, Citigroup and Bank of America were all higher; 19/03/2018 – Bank of America whistleblowers land $83m in awards

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Fool.com which released: “How Wells Fargo Is Following in Bank of America’s Footsteps” on June 11, 2018, also Seekingalpha.com with their article: “Bank of America’s virtual financial assistant gets over 1M users” published on June 12, 2018, Seekingalpha.com published: “US banks fall as ECB keeps rates unchanged, day after Fed raises” on June 14, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Seekingalpha.com and their article: “Bank of America Corporation (BAC) Presents at Morgan Stanley Financials Conference (Transcript)” published on June 12, 2018 as well as Seekingalpha.com‘s news article titled: “Citi warns on bank job automation” with publication date: June 12, 2018.

Investors sentiment decreased to 0.95 in Q1 2018. Its down 0.24, from 1.19 in 2017Q4. It worsened, as 73 investors sold BAC shares while 633 reduced holdings. 134 funds opened positions while 535 raised stakes. 6.66 billion shares or 2.67% less from 6.85 billion shares in 2017Q4 were reported. David R Rahn invested in 52,125 shares or 1.54% of the stock. Raymond James Financial Service Advisors Inc reported 2.02M shares. Madison holds 1.01 million shares or 0.54% of its portfolio. One Capital Limited Liability holds 115,622 shares or 0.68% of its portfolio. Cornerstone Advisors Incorporated has invested 0.16% in Bank of America Corporation (NYSE:BAC). Highbridge Capital Limited Company reported 0.17% in Bank of America Corporation (NYSE:BAC). Silvercrest Asset Mgmt Gru Ltd Liability Company stated it has 0.06% of its portfolio in Bank of America Corporation (NYSE:BAC). 1.08 million are held by Locust Wood Advisers Ltd Limited Liability Company. Moreover, Pinnacle Ltd has 0% invested in Bank of America Corporation (NYSE:BAC) for 40,237 shares. Richard Bernstein Advsrs Ltd holds 451,310 shares or 0.48% of its portfolio. Bremer Trust Natl Association reported 57,233 shares or 0.5% of all its holdings. Benin Management holds 18,475 shares or 0.25% of its portfolio. Addison Capital holds 0.74% of its portfolio in Bank of America Corporation (NYSE:BAC) for 30,225 shares. The California-based Grassi Invest Mngmt has invested 2.27% in Bank of America Corporation (NYSE:BAC). Kings Point Capital Mngmt stated it has 17,838 shares or 0.11% of all its holdings.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 114 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Wednesday, May 31 by BMO Capital Markets. Barclays Capital maintained the shares of BAC in report on Tuesday, April 17 with “Equal-Weight” rating. The firm has “Hold” rating by BMO Capital Markets given on Friday, October 6. The company was maintained on Friday, September 29 by Robert W. Baird. Nomura upgraded the stock to “Buy” rating in Tuesday, September 8 report. The firm earned “Outperform” rating on Thursday, February 16 by Macquarie Research. As per Tuesday, September 1, the company rating was upgraded by Robert W. Baird. Oppenheimer maintained Bank of America Corporation (NYSE:BAC) on Saturday, September 5 with “Outperform” rating. The stock of Bank of America Corporation (NYSE:BAC) has “Outperform” rating given on Friday, January 29 by Credit Agricole. The firm has “Hold” rating by Berenberg given on Monday, April 24.

Carmignac Gestion, which manages about $14.26B US Long portfolio, decreased its stake in Alcoa Corp (NYSE:AA) by 90,000 shares to 250,000 shares, valued at $11.24 million in 2018Q1, according to the filing. It also reduced its holding in Royal Gold Inc (NASDAQ:RGLD) by 40,000 shares in the quarter, leaving it with 97,000 shares, and cut its stake in Wells Fargo & Co (NYSE:WFC).

Whetstone Capital Advisors Llc, which manages about $149.80M and $205.57M US Long portfolio, decreased its stake in Amber Rd Inc (NYSE:AMBR) by 577,256 shares to 52,396 shares, valued at $466,000 in 2018Q1, according to the filing.

Investors sentiment increased to 0.92 in Q1 2018. Its up 0.16, from 0.76 in 2017Q4. It is positive, as 30 investors sold ETE shares while 93 reduced holdings. 28 funds opened positions while 85 raised stakes. 477.05 million shares or 3.05% less from 492.05 million shares in 2017Q4 were reported. New England Private Wealth Ltd Co holds 0.06% in Energy Transfer Equity, L.P. (NYSE:ETE) or 16,000 shares. Chevy Chase Tru Hldgs reported 60,941 shares. Winslow Evans Crocker Inc has 0% invested in Energy Transfer Equity, L.P. (NYSE:ETE). Heritage Wealth Advisors reported 0.57% of its portfolio in Energy Transfer Equity, L.P. (NYSE:ETE). The California-based California Public Employees Retirement Systems has invested 0.03% in Energy Transfer Equity, L.P. (NYSE:ETE). Raymond James Assoc owns 736,521 shares. Pennsylvania-based Biondo Investment Advsrs Limited Liability Co has invested 0.11% in Energy Transfer Equity, L.P. (NYSE:ETE). Perella Weinberg Prtnrs Mgmt Ltd Partnership stated it has 1.15% of its portfolio in Energy Transfer Equity, L.P. (NYSE:ETE). Moors & Cabot reported 0.03% stake. Hite Hedge Asset Mgmt Ltd Liability Co holds 874,345 shares. Homrich & Berg reported 20,425 shares or 0.02% of all its holdings. Loudon Inv Limited Liability Corp reported 0.34% stake. Eaton Vance Mgmt reported 0.01% of its portfolio in Energy Transfer Equity, L.P. (NYSE:ETE). Tower Research Cap Lc (Trc) reported 560 shares stake. Advisory holds 0.2% or 774,208 shares in its portfolio.

More news for Energy Transfer Equity, L.P. (NYSE:ETE) were recently published by: Fool.com, which released: “3 Energy Mergers That Need to Happen” on June 12, 2018. Businesswire.com‘s article titled: “Energy Transfer Announces FERC Approval to Place Rover Pipeline’s Full Mainline B into Service” and published on May 31, 2018 is yet another important article.

Energy Transfer Equity, L.P. (NYSE:ETE) Institutional Positions Chart

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