Thomaspartners Inc sold 5,262 shares as Magellan Midstream Prtnrs Lp (MMP)'s stock declined 7.68%. Fulton Bancorporation Na holds 7,265 shares. The firm now has a $13.00 target price on the stock, down from their prior target price of $15.00.
About 237,088 shares traded. It has underperformed by 18.39% the S&P500.
Analysts await Callidus Software Inc.
Among 8 analysts covering Summit Midstream Partners (NYSE:SMLP), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. The rating was maintained by Roth Capital with "Buy" on Thursday, June 22. Stifel Nicolaus has "Hold" rating and $82 target. The stock has "Neutral" rating by Robert W. Baird on Monday, August 17. The company was maintained on Saturday, August 8 by Raymond James. The firm has "Hold" rating given on Wednesday, November 1 by Robert W. Baird. The rating was maintained by RBC Capital Markets with "Hold" on Tuesday, June 20. The firm earned "Buy" rating on Tuesday, May 30 by DA Davidson.
In other news, major shareholder Arclight Capital Partners, Llc sold 749,999 shares of the firm's stock in a transaction on Wednesday, November 2nd. The company has market cap of $1.44 billion. It has a 18.35 P/E ratio. The Firm is the holding firm for its primary subsidiary, Aqua Pennsylvania, Inc. About 111,420 shares traded. Stockholders of record on Monday, November 14th will be paid a dividend of $0.318 per share. It has underperformed by 24.43% the S&P500.
Investors sentiment decreased to 1.1 in Q2 2017. The pipeline company reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.26 by $0.02. 37 funds opened positions while 134 raised stakes. Miller Howard New York holds 0.53% or 805,518 shares in its portfolio. Town And Country Commercial Bank And Trust Dba First Bankers Trust has 0.75% invested in Aqua America Inc (NYSE:WTR). Eqis Capital Management Inc. owns 5,251 shares or 0.01% of their USA portfolio. Fmr Limited holds 0% of its portfolio in EQT Midstream Partners LP (NYSE:EQM) for 65,800 shares. Pacad Investment has invested 0.02% of its portfolio in Qualys Inc (NASDAQ:QLYS). Stifel Nicolaus maintained the shares of CDW in report on Wednesday, October 14 with "Buy" rating. Princeton Portfolio Strategies Group Llc, a New Jersey-based fund reported 10,000 shares. 14,469 are owned by Roffman Miller Associate Pa. 25,000 are owned by Caxton Assoc L P. Horizon Kinetics Limited Liability Co owns 5,163 shares or 0.03% of their U.S. portfolio. OH now owns 156,900 shares of the pipeline company's stock valued at $11,709,000 after acquiring an additional 49,500 shares during the last quarter.
American Midstream Partners, earned a daily sentiment score of 0.19 on Accern's scale. Its up 0.18, from 1.26 in 2017Q1. It increased, as 38 investors sold MMP shares while 153 reduced holdings. Deutsche Bank & Trust Ag reported 12,200 shares or 0% of all its holdings. Center Coast Advsr Limited Partnership invested 0.8% of its portfolio in Summit Midstream Partners LP (NYSE:SMLP). Geode Cap Mngmt Ltd Liability Corporation has 262,962 shares for 0% of their portfolio. Uniplan Investment Counsel Inc. boosted its position in shares of EQT Midstream Partners, by 3.8% during the 2nd quarter. Pinebridge Investments Limited Partnership reported 3,952 shares stake. Tarbox Family Office has invested 0.02% in Magellan Midstream Partners, L.P. (NYSE:MMP). Oakworth Cap owns 5 shares or 0% of their U.S. portfolio. Icon Advisers Incorporated reported 74,000 shares. Bancshares Of Montreal Can invested in 92,500 shares. Jennison Assocs Llc stated it has 0.02% of its portfolio in EQT Midstream Partners LP (NYSE:EQM). Bnp Paribas Arbitrage accumulated 4,245 shares. The value of the investment in Magellan Midstream Partners L.P. went from $1,607,000 to $1,561,000 decreasing 2.9% since the last quarter. Captrust Finance Advsrs accumulated 913 shares.
Since May 24, 2017, it had 0 insider purchases, and 1 insider sale for $600,000 activity. Commonwealth Equity Ser has invested 0.07% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). After $1.22 actual earnings per share reported by Summit Midstream Partners LP for the previous quarter, Wall Street now forecasts -97.54% negative EPS growth. They expect $1.07 earnings per share, up 2.88% or $0.03 from last year's $1.04 per share. MMP's profit will be $244.06 million for 15.44 P/E if the $1.07 EPS becomes a reality. The value of the company's investment in Magellan Midstream Partners L.P. increased from $515,000 to $556,000 a change of 8.0% quarter to quarter. Evermay Wealth Management Lc reported 0.23% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). One analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Therefore 94% are positive. Summit Midstream Partners had 26 analyst reports since August 7, 2015 according to SRatingsIntel. The company was downgraded on Friday, March 11 by Goldman Sachs. Wolfe Research initiated coverage on Enable Midstream Partners in a research note on Friday, October 7th. Royal Bank Of Canada downgraded shares of Dominion Midstream Partners, from an "outperform" rating to a "sector perform" rating and set a $35.00 price objective on the stock.in a research report on Monday, October 30th. As per Tuesday, February 9, the company rating was initiated by Credit Suisse. RBC Capital Markets maintained it with "Buy" rating and $96.0 target in Monday, October 9 report.