Energy Transfer Partners LP (ETP)

[ThSeeker]

Energy Transfer Partners: Additions from Institutional Investors
By Kurt Gallon | Aug 30, 2017 11:09 am EDT
Recent institutional activity in ETP

Energy Transfer Partners (ETP), the diversified MLP involved in almost all midstream activities, saw massive buying from institutional investors during 2Q17. That followed the successful completion of Legacy Energy Transfer Partners and Sunoco Logistics Partners (SXL).

Harvest Fund Advisors and Kayne Anderson Capital Advisors were the top two buyers in the partnership during the quarter. They bought 38.9 million and 31.0 million shares, respectively.

Among the top institutional holders, 192.4 million positions were added. That indicates a bullish sentiment in ETP. Magnetar Capital Partners and Cushing Asset Management were the biggest sellers with 3.4 million and 2.3 million shares sold, respectively. For details on recent institutional activity in Energy Transfer Equity (ETE), read BofA Merrill Lynch Added Position in ETE during Q2.

http://marketrealist.com/2017/08/energy-transfer-partners-additions-from-institutional-investors/?utm_source=yahoo&utm_medium=feed&yptr=yahoo