Energy Transfer Equity L.P. (ETE) : Traders are bullish on Energy Transfer Equity L.P. (ETE) as it has outperformed the S&P 500 by a wide margin of 20.52% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.33%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.88% in the last 1 week, and is up 25.79% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 12.76% and the 50-Day Moving Average is 21.04%.
Energy Transfer Equity L.P. (NYSE:ETE): The stock opened at $16.43 on Friday but the bulls could not build on the opening and the stock topped out at $16.62 for the day. The stock traded down to $16.17 during the day, due to lack of any buying support eventually closed down at $16.34 with a loss of -0.37% for the day. The stock had closed at $16.40 on the previous day. The total traded volume was 6,995,828 shares.
The company Insiders own 3.28% of Energy Transfer Equity L.P. shares according to the proxy statements. Institutional Investors own 45.2% of Energy Transfer Equity L.P. shares. 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.