Summit Midstream Partners, LP (NYSE:SMLP) Raised to Sell at BidaskClub

Sunday, 09 Jul, 2017

American Midstream Partners LP (NYSE:AMID) institutional sentiment decreased to 0.83 in Q4 2016. The Cornerstone Real Estate Advisers Llc holds 112,998 shares with $14.21M value, up from 108,239 last quarter. Antero Midstream Partners LP (AM) has $5.96B valuation. The stock increased 0.44% or $0.07 on July 3, reaching $16.01. About 236,318 shares traded. Magellan Midstream Partners, L.P. (NYSE:MMP) has risen 3.55% since July 7, 2016 and is uptrending. It has underperformed by 18.39% the S&P500.

Alkeon Capital Management Llc decreased Qualcomm Inc (QCOM) stake by 9.73% reported in 2016Q4 SEC filing.

As of the end of the quarter Morgan Stanley had acquired 219,434 shares growing its holdings by 6.8%. Arcus Capital Partners LLC boosted its stake in Magellan Midstream Partners 0.4% in the first quarter. Following the transaction, the insider now owns 27,599 shares in the company, valued at approximately $2,069,925. (NYSE:BXP) has declined 2.18% since July 7, 2016 and is downtrending.

Since February 13, 2017, it had 0 insider purchases, and 4 insider sales for $6.56 million activity. The stock notched a 12-month high of $26.30 while $31.00 target is by far the most aggressive out of analysts who are now evaluating the company, $4.7 higher than the next highest 52-week price estimate. The insider Shoup Scot A bought $1,794. There are brokerage firms with lower targets than the average, including one setting a price target of $56.

Among 20 analysts covering Magellan Midstream Partners L.P. Its up 0.24, from 0.87 in 2016Q3. Finally, Guggenheim Capital LLC increased its position in Magellan Midstream Partners 38.5% in the fourth quarter. Psagot Invest House Ltd owns 450 shares. Riggs Asset Managment holds 82,201 shares. Cone Midstream Partners had a net margin of 43.13% and a return on equity of 12.90%. Goldman Sachs Grp Inc reported 32,707 shares or 0% of all its holdings.

Summit Midstream Partners, LP ("Summit") announced today that its newly formed subsidiary, Summit Midstream Permian, LLC, has executed an agreement with XTO Energy Inc. The Virginia-based Thompson Siegel & Walmsley has invested 0% in Greenbrier Companies Inc (NYSE:GBX). Van Eck Assocs holds 53,790 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 4,131 shares stake. Evanson Asset Mgmt Ltd Liability, a California-based fund reported 8,790 shares.

The share price of Cone Midstream Partners (NYSE:CNNX) was down -0.92% during the last trading session, with a day high of 18.63. For now, Summit Midstream Partners, LP is the toast of Wall Street as its ABR stands at 2.40 with 4 out of 12 analysts rating the stock a buy. Fnb Corporation (NYSE:FNB) was raised too.

Summit Midstream Partners, LP (NYSE:SMLP) shares traded +0.22% during the most recent session. Therefore 40% are positive. Credit Suisse Group raised Magellan Midstream Partners L.P. from an underperform rating to a neutral rating and upped their price target for the company from $80.00 to $84.00 in a research note on Thursday, May 4th. According to the most recently released broker notes, 5 analysts have a rating of "strong buy" on the stock, 1 analysts "buy", 5 analysts "neutral", 0 analysts "sell" and 0 analysts "strong sell". The stock of EQT Midstream Partners LP (NYSE:EQM) earned "Hold" rating by Scotia Capital on Monday, April 24.

02/01/2016 - Phillips 66 had its "sector perform" rating reiterated by analysts at RBC Capital.

05/19/2016 - UBS began new coverage on Phillips 66 giving the company a "neutral" rating. Its down 0.39, from 1.49 in 2016Q3. Commonwealth Of Pennsylvania Pub School Empls Retrmt System owns 649,869 shares. 8,130 are held by Stephens Inc Ar. Moreover, State Of Wisconsin Investment Board has 0.07% invested in Boston Properties, Inc. (NASDAQ:QCOM) for 258,994 shares. Northstar Advisors Limited Com reported 15,210 shares. 61,540 are owned by Geneva. 19,368 are owned by First Allied Advisory Service. Nbw Cap Lc holds 2.36% or 277,590 shares in its portfolio. Tower Bridge accumulated 1,700 shares. Alliancebernstein L P holds 10,670 shares or 0% of its portfolio. Meritage Port Mngmt stated it has 0.65% of its portfolio in QUALCOMM, Inc. Over the past 2 quarters, the stock is down -5.57%, compared with a fall of almost -2.26% for 3 months and about 1.71% for the past 30 days. Wedbush Securities Inc. now owns 10,262 shares of the pipeline company's stock valued at $789,000 after buying an additional 39 shares during the last quarter. $999,596 worth of QUALCOMM, Inc. Dick Michael had sold 7,342 shares worth $279,127 on Tuesday, May 23. PESTER ROBERT E sold 6,688 shares worth $898,417. The company was maintained on Tuesday, May 30 by Jefferies. Shares for $588,767 were sold by Rosenberg Donald J. (NASDAQ:QCOM) to report earnings on July, 19 after the close. It has a 20.42 P/E ratio. After $0.98 actual EPS reported by Magellan Midstream Partners, L.P. for the previous quarter, Wall Street now forecasts -6.12% negative EPS growth.