Magellan Midstream Partners LP (NYSE:MMP) Valuation According To Analysts
Sep 15 2017
Its down 2.89, from 3.25 in 2016Q3. Institutional investors and hedge funds own 42.01% of the company's stock. 98 funds opened positions while 319 raised stakes.
07/18/2017 - Magellan Midstream Partners L.P. was upgraded to "buy" by analysts at UBS. The average analysts gave this company a mean recommendation of 2.60. Retail Bank Of Montreal Can invested in 0.02% or 8.41 million shares. Balentine LLC now owns 3,892 shares of the pipeline company's stock valued at $129,000 after purchasing an additional 210 shares during the period. Peak6 Invests Lp has 0% invested in EQT Midstream Partners LP (NYSE:EQM) for 2,157 shares.
Watching some historical volatility numbers on shares of Enable Midstream Partners, LP (NYSE:ENBL), we can see that the 12 month volatility is presently 29.478300. Alps Advsrs Incorporated invested in 556,316 shares or 0.28% of the stock. Following the completion of the transaction, the director now directly owns 13,030 shares in the company, valued at $363,537. Blackrock Ltd stated it has 1,227 shares.
Turning to Return on Assets or ROA, Magellan Midstream Partners LP (MMP) has a current ROA of 12.57. Glob X Co Ltd Liability Co, New York-based fund reported 6,663 shares. Independent Portfolio Consultants Inc. grew its stake in shares of Magellan Midstream Partners L.P.by 4.6% in the 2nd quarter. AlphaMark Advisors LLC lifted its stake in shares of Magellan Midstream Partners L.P.by 444.9% in the 1st quarter. Cobblestone Capital Advisors Llc acquired 4,479 shares as Procter & Gamble (PG)'s stock declined 5.32%. Oxbow Advisors Llc, a Texas-based fund reported 380,773 shares. As per Tuesday, May 10, the company rating was maintained by FBR Capital. Traditionally, a stock is thought to be overbought when the Relative Strength Index moves above 70. The Royal Bank Of Scotland Group Plc holds 225,420 shares with $15.40M value, up from 192,821 last quarter.
Further, we can see that Summit Midstream Partners, LP (NYSE:SMLP) has a Shareholder Yield of 0.023011 and a Shareholder Yield (Mebane Faber) of 0.03218. As of December 31, 2016, its asset portfolio, including the assets of its joint ventures, consisted of its refined products segment, consisting 9,700-mile refined products pipeline system with 53 terminals, as well as 26 independent terminals not connected to its pipeline system and its 1,100-mile ammonia pipeline system; its crude oil segment, consisted of approximately 2,200 miles of crude oil pipelines and storage facilities with an aggregate storage capacity of approximately 26 million barrels, of which 16 million are used for contract storage, and its marine storage segment, consisted of five marine terminals located along coastal waterways with an aggregate storage capacity of approximately 26 million barrels. Its up 5.72% from 262,200 shares previously.
Connor Clark & Lunn Investment Management Ltd decreased Formfactor Inc (NASDAQ:FORM) stake by 38,536 shares to 87,964 valued at $985,000 in 2016Q4. The correct version of this article can be viewed at https://stocknewstimes.com/2017/09/14/fort-washington-investment-advisors-inc-oh-increases-stake-in-enlink-midstream-partners-lp-enlk.html. They expect $0.10 EPS, down 16.67% or $0.02 from last year's $0.12 per share.
Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Summit Midstream Partners, LP (NYSE:SMLP) by 0.5% during the fourth quarter, Holdings Channel reports.
02/03/2017 - Magellan Midstream Partners L.P. had its "neutral" rating reiterated by analysts at Mitsubishi UFJ. X Mngmt Com Limited Liability invested 0.02% in Antero Midstream Partners LP (NYSE:AM). Therefore 73% are positive. $77.44's average target is 8.28% above currents $71.52 stock price. EQT Midstream Partners had 24 analyst reports since August 13, 2015 according to SRatingsIntel. It seems that Western Alliance Bancorporation (NYSE:WAL) might see muted action given an ABR of 2.2 or Hold rating. Mizuho downgraded the shares of MMP in report on Monday, July 10 to "Underperform" rating. On Friday, August 12 the stock rating was upgraded by Robert W. Baird to "Outperform". The stock of American International Group Inc (NYSE:AIG) earned "Buy" rating by RBC Capital Markets on Thursday, August 3. As per Friday, October 30, the company rating was upgraded by Robert W. Baird.
01/12/2015 - Citigroup began new coverage on Rice Midstream Partners LP giving the company a "buy" rating.
07/18/2017 - Magellan Midstream Partners L.P. was downgraded to "equal-weight" by analysts at Barclays. As per Sunday, July 23, the company rating was maintained by RBC Capital Markets.