Monday, 19 March, 2018

Pinnacle Holdings LLC Maintains Stake in Magellan Midstream Partners (MMP)

Nellie Chapman | 10 March, 2018, 14:58

Advisory Services Network LLC now owns 2,600 shares of the pipeline company's stock valued at $190,000 after buying an additional 1,273 shares in the last quarter. About 650,543 shares traded. Team, Inc. (NYSE:TISI) has declined 2.73% since March 9, 2017 and is downtrending. It has outperformed by 5.93% the S&P500.

Cbre Clarion Securities Llc decreased its stake in Enlink Midstream Partners Lp (ENLK) by 51.56% based on its latest 2017Q3 regulatory filing with the SEC. Barclays Capital downgraded Dominion Energy Midstream Partners, LP (NYSE:DM) on Tuesday, July 18 to "Hold" rating. Alliancebernstein L.P. now owns 35,460 shares of the oil and gas producer's stock worth $601,000 after acquiring an additional 1,985 shares during the period. Magellan Midstream Partners's dividend payout ratio is now 96.59%. The stock increased 0.80% or $0.199 during the last trading session, reaching $25.099. About 76,434 shares traded. Summit Midstream Partners, LP (NYSE:SMLP) has risen 6.71% since March 9, 2017 and is uptrending. It has underperformed by 3.24% the S&P500. Investors of record on Monday, February 5th were given a dividend of $0.333 per share. Its up 0.89, from 1.16 in 2017Q2. 106 funds opened positions while 620 raised stakes. Advisory Research Inc, a Illinois-based fund reported 2.85 million shares. Cedar Hill Assocs Ltd Liability Co invested in 3,990 shares or 0.05% of the stock. Pinebridge Invs L P reported 39,054 shares stake. Cutter And Brokerage owns 11,251 shares or 0.32% of their United States portfolio. Alliancebernstein L.P. boosted its position in Summit Midstream Partners by 5.9% in the second quarter. First Trust Advisors LP boosted its position in Summit Midstream Partners by 1.3% in the third quarter. Mngmt Pro stated it has 0% in Magellan Midstream Partners, L.P. (NYSE:MMP). Moreover, Gsa Prtnrs Ltd Liability Partnership has 0.08% invested in Antero Midstream Partners LP (NYSE:AM). Cibc Asset holds 47,020 shares or 0.03% of its portfolio. Finally, Stifel Nicolaus set a $90.00 price target on EQT Midstream Partners and gave the company a "buy" rating in a research note on Wednesday, January 17th. The earnings per share growth over the next five years are expected to be 7.27%. Whittier Comm Of Nevada Inc has 0.01% invested in Magellan Midstream Partners, L.P. (NYSE:MMP). Guggenheim Capital Lc has invested 0.01% in Magellan Midstream Partners, L.P. (NYSE:MMP).

Since September 14, 2017, it had 0 insider buys, and 2 selling transactions for $1.87 million activity. This is an increase from Shell Midstream Partners's previous quarterly dividend of $0.32. At current levels, Magellan Midstream Partners, L.P. (NYSE:MMP) shares have been seen trading -2.85% away from the 20-day moving average.

Among 23 analysts covering Magellan Midstream Partners L.P. Shell Midstream Partners presently has an average rating of Hold and an average price target of $31.83. Therefore 75% are positive. The company was maintained on Wednesday, January 31 by Leerink Swann.

7/18/2017-Barclays Upgrade from a "Equal Weight " rating to a " Overweight" rating. The rating was initiated by Ladenburg Thalmann with "Buy" on Wednesday, July 13. UBS Group upgraded EnLink Midstream Partners from a "neutral" rating to a "buy" rating and set a $19.00 price objective for the company in a research note on Tuesday, October 24th. ValuEngine downgraded EnLink Midstream Partners from a "hold" rating to a "sell" rating in a research note on Friday, February 2nd. The firm has "Neutral" rating by Macquarie Research given on Friday, April 21.

Investors sentiment increased to 0.96 in 2017 Q3. Its down 0.06, from 1.31 in 2017Q2. Atlantic Trust Gru Lc has 62,146 shares for 0.01% of their portfolio. 160,190 were accumulated by Raymond James And Associate. Benjamin F Edwards And Inc holds 50 shares.

Perkins Capital Management Inc holds 1.96% of its portfolio in Cardiovascular Systems, Inc. for 66,550 shares. Legal & General Public Ltd Company stated it has 165,356 shares. (NASDAQ:EA) for 34,163 shares. Boston Private Wealth Limited Liability accumulated 27,078 shares. Ameriprise holds 0% or 17,133 shares. Finally, Starfire Investment Advisers Inc. purchased a new stake in Shell Midstream Partners during the fourth quarter worth approximately $1,044,000. Retail Bank Of Ny Mellon Corp has 0.01% invested in Tennant Company (NYSE:TNC). Bancorporation Of America De reported 3.86 million shares or 0.04% of all its holdings. It also reduced its holding in Rh by 1.12M shares in the quarter, leaving it with 238,396 shares, and cut its stake in Seaworld Entmt Inc (Put) (NYSE:SEAS). Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Therefore 45% are positive.

A number of other equities research analysts have also recently issued reports on the company. The company was maintained on Monday, June 12 by Jefferies. Barclays now has an underweight rating on the stock. On Thursday, May 11 the stock rating was downgraded by Citigroup to "Underperform". Piper Jaffray maintained Steven Madden, Ltd. (NASDAQ:SHOO) rating on Thursday, July 20. On Tuesday, January 23 the stock rating was maintained by Susquehanna with "Buy". On Thursday, September 14 the insider Selvidge Jeff R sold $353,200.

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