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Analyzing Institutional Investor Activity in ETP, EEP, BPL, SUN

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Mar. 19 2018, Updated 9:32 a.m. ET

Top holders in ETP

The top ten institutional investors in Energy Transfer Partners (ETP) added 66.8 million ETP shares to their positions, according to the latest filings. UBS Financial Services, Tortoise Capital Advisors, and Goldman Sachs increased their ETP positions by 13 million, 40 million, and 9 million shares, respectively. Energy Transfer owns 5.8% of ETP’s outstanding shares.

Alps Advisors, Harvest Fund Advisors, and OFI SteelPath own 5.1%, 4.2%, and 4.1%, respectively, of ETP’s outstanding shares. The above figure shows the top five institutional investors in Energy Transfer Partners, Enbridge Energy Partners (EEP), Buckeye Partners (BPL), and Sunoco (SUN), along with their holdings and latest position changes.

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Top holders of BPL

The top ten institutional investors in Buckeye Partners added 1.6 million BPL shares to their positions in 4Q17. Alps Advisors, OFI SteelPath, and Tortoise Capital Advisors are the top three institutional investors in Buckeye Partners, together owning 23% of BPL’s outstanding shares.

Position changes in EEP

Enbridge Energy owns 34% of Enbridge Energy Partners’ outstanding shares. Alps Advisors, Energy Income Partners, and OFI SteelPath own 5.5%, 4.0%, and 3.9%, respectively, of EEP’s outstanding shares. The top ten institutional investors, excluding Enbridge Energy Company, added 1.6 million EEP shares to their positions in 4Q17.

Institutional investors: SUN

OFI SteelPath, Bank of America Merrill Lynch, and J.P. Morgan Securities are the three biggest institutional investors in Sunoco. The three own 16.1%, 2.6%, and 2.1%, respectively, of Sunoco’s outstanding shares. The top ten institutional investors collectively reduced their SUN positions by 0.4 million shares in 4Q17. In the next and concluding part of this series, we’ll look at what Wall Street analysts recommend for the four MLPs.

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