Published: Wed, May 02, 2018
World Media | By Shelia Harmon

Hmi Capital LLC Increased Stake in Summit Midstream Partners LP (SMLP)


Salient Capital Advisors Llc bought 445,631 shares as the company's stock declined 14.36% with the market. FDx Advisors Inc. now owns 7,765 shares of the pipeline company's stock worth $568,000 after buying an additional 1,030 shares during the period. The company has market cap of $15.01 billion.

The stock decreased 0.81% or $0.46 during the last trading session, reaching $56.26. About 19.36 million shares traded or 4.77% up from the average. The Procter & Gamble Company (NYSE:PG) has declined 14.03% since May 1, 2017 and is downtrending. It has underperformed by 12.32% the S&P500.

Intact Investment Management Inc decreased its stake in Altria Group Inc (MO) by 5.57% based on its latest 2017Q4 regulatory filing with the SEC. The institutional investor held 65,663 shares of the natural gas distribution company at the end of 2017Q4, valued at $4.66 million, down from 97,183 at the end of the previous reported quarter. The stock increased 0.54% or $0.355 during the last trading session, reaching $66.185. About 115,995 shares traded. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) earned "Underperform" rating by Mizuho on Monday, July 10. It has underperformed by 34.73% the S&P500.

Big Money Sentiment increased to 1.24 in 2017 Q4. Its down 0.14, from 0.9 in 2017Q3. Based on analysts used by Zacks Research, the present average broker rating on shares of Five Point Holdings, LLC (ASX:FPH) is now 2.17. 118 funds opened positions while 594 raised stakes. Trust Commerce Of Vermont reported 475 shares. Federated Investors Pa reported 0.05% stake. Bluemountain Management reported 0.01% of its portfolio in Altria Group, Inc. Blackhill Capital Inc, New Jersey-based fund reported 70,800 shares. Iberiabank Corporation holds 1.33% or 92,849 shares. Cibc World Corporation has invested 0.62% in Altria Group, Inc. Beach Investment Management Lc accumulated 48,272 shares. A month ago, analyst EPS consensus estimated earnings of US$0.38 per share. Piedmont Inv Advisors Ltd has 0.01% invested in TTM Technologies, Inc. Stratos Wealth Partners holds 0% of its portfolio in EQT Midstream Partners, LP (NYSE:EQM) for 469 shares. Pathstone Family Office Limited Co holds 0.02% or 1,080 shares in its portfolio. The Ohio-based Huntington Retail Bank has invested 0% in National Oilwell Varco, Inc. Cincinnati Ins holds 0.21% or 102,266 shares in its portfolio. Raymond James has "Outperform" rating and $82 target. Therefore 40% are positive. TTM Tech had 22 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has "Neutral" rating by Bank of America given on Thursday, March 24. As we move further into the second half of the year, investors are most likely monitoring market momentum to try and figure out how stocks will finish the year. The company was maintained on Thursday, September 21 by Stifel Nicolaus. The rating was maintained by Cowen & Co with "Buy" on Friday, August 25. On Tuesday, March 13 the stock rating was maintained by JP Morgan with "Neutral". Kayne Anderson Capital Advisors LP lifted its stake in shares of Summit Midstream by 5.5% during the 4th quarter. (NASDAQ:TTMI) earned "Buy" rating by Needham on Tuesday, October 3.

For a total of shares it reduced its holding in by shares in the quarter, and has cut its stake in. Its down 0.98, from 2.05 in 2017Q3. $63,960 worth of TTM Technologies, Inc. Shares for $1.36 million were sold by Goldenberg Scott. The most recent short interest data show 1.86% of the company's stock are short sold. Dillard James E III had sold 6,500 shares worth $410,313 on Friday, February 9. Focusing in closer to the last 4 weeks, shares have seen a change of 8.84%. Shares for $1.70M were sold by Chung Tai Keung. Exane Derivatives has invested 0% in Magellan Midstream Partners, L.P. (NYSE:MMP). On average, analysts expect Shell Midstream Partners to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year. AM's profit would be $72.91 million giving it 17.24 P/E if the $0.39 EPS is correct.

Investors sentiment decreased to 0.76 in Q4 2017. It turned negative, as 35 investors sold MMP shares while 186 reduced holdings. 17 funds bought stakes and 41 increased stakes. 349.52 million shares or 0.22% more from 348.73 million shares in 2017Q3 were reported. Heading further back to the start of the year, we note that shares have seen a change of -5.67%.

Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream assets in the United States. Syntal Cap Prtnrs Limited owns 6,615 shares. Fiduciary has invested 0.02% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Goldman Sachs Grp Inc holds 0.07% of its portfolio in Antero Midstream Partners LP (NYSE:AM) for 9.99M shares. Kornitzer Inc Ks invested 0.17% of its portfolio in EQT Midstream Partners, LP (NYSE:EQM). Bnp Paribas Arbitrage Sa accumulated 5,100 shares or 0% of the stock. Moreover, Cullen Frost Bankers has 0.04% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 18,316 shares. Deutsche Bankshares Ag invested in 0.06% or 1.36M shares.

Since February 28, 2018, it had 0 buys, and 1 sale for $264,657 activity.

Among 23 analysts covering Magellan Midstream Partners L.P. The analyst recommendations from a month ago are 0 Buy, 7 Strong Buy, 0 Sell, 0 Hold and 2. Therefore 64% are positive. The company was maintained on Tuesday, April 17 by Barclays Capital. In Tuesday, January 16 report RBC Capital Markets maintained it with "Buy" rating and $29.0 target. On Friday, November 3 the firm earned "Buy" rating by Robert W. Baird. FBR Capital maintained the stock with "Outperform" rating in Thursday, July 30 report. The rating was upgraded by Morgan Stanley to "Overweight" on Monday, November 2. The firm has "Hold" rating by Jefferies given on Wednesday, May 31.

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