Magellan Midstream Partners, L.P. (MMP) formed inverse H&S with $71.17 target or 8.00% above today's $65.90 share price. Magellan Midstream Partners had a return on equity of 40.99% and a net margin of 34.50%.
Magellan Midstream Partners (NYSE:MMP) traded up $0.88 during midday trading on Thursday, reaching $66.98. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 169,960 shares of the energy company's stock valued at $8,816,000 after buying an additional 31,206 shares during the period. Noble Midstream Partners LP (NYSE:NBLX) has 0.00% since December 7, 2016 and is. It has underperformed by 14.18% the S&P500. Ameriprise invested in 0% or 16,209 shares. Retail Bank Of Montreal Can invested in 0.04% or 1.11 million shares.
In related news, insider Thomas W. Christensen sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, September 27th. The institutional investor held 14.32M shares of the natural gas distribution company at the end of 2017Q2, valued at $1.02B, down from 14.75 million at the end of the previous reported quarter. The Southern Company (NYSE:SO) has risen 2.49% since December 6, 2016 and is uptrending. It has outperformed by 8.14% the S&P500. Saratoga Rech & Investment Management has invested 0.03% in Magellan Midstream Partners, L.P. (NYSE:MMP). During the same quarter in the prior year, the business posted $0.91 earnings per share. sell-side analysts predict that Magellan Midstream Partners, L.P. will post 3.88 EPS for the current fiscal year. AM's profit will be $76.52 million for 17.24 P/E if the $0.41 EPS becomes a reality. Cadence Capital Management LLC purchased a new position in shares of Noble Midstream Partners during the third quarter valued at approximately $1,732,000. This is an increase from Noble Midstream Partners's previous quarterly dividend of $0.45. It improved, as 38 investors sold Magellan Midstream Partners, L.P. shares while 153 reduced holdings.
Other hedge funds have also made changes to their positions in the company. 520.53 million shares or 0.60% less from 523.66 million shares in 2017Q1 were reported. Girard Partners LTD. now owns 3,731 shares of the pipeline company's stock worth $266,000 after acquiring an additional 85 shares in the last quarter. Botty Ltd Com reported 28,770 shares. Freestone Capital Holdings Lc has invested 0.4% in Magellan Midstream Partners, L.P. (NYSE:MMP). Magellan Midstream Partners's dividend payout ratio is presently 97.84%. Travelers Inc owns 704,900 shares. Duff Phelps holds 495,900 shares or 0.24% of its portfolio. BidaskClub lowered Magellan Midstream Partners from a "sell" rating to a "strong sell" rating in a research note on Thursday, August 17th. Smithfield Tru owns 0.01% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 600 shares. Lincoln National reported 30,511 shares. Davis R M Incorporated holds 0.03% or 9,266 shares. Atlanta Cap has invested 0.13% in Magellan Midstream Partners, L.P. (NYSE:MMP). The Fairview Capital Investment Management Llc holds 373,149 shares with $26.59 million value, down from 391,323 last quarter. Magellan Midstream Partners now has a consensus rating of "Hold" and an average target price of $79.04. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Therefore 75% are positive. Magellan Midstream Partners, L.P. has a 1-year low of $63.55 and a 1-year high of $81.77. The company has a market capitalization of $991.61, a PE ratio of 13.38, a price-to-earnings-growth ratio of 0.61 and a beta of 0.39. Finally, Mizuho reissued a "sell" rating and issued a $72.00 target price on shares of Magellan Midstream Partners in a report on Friday, October 20th. Finally, Zacks Investment Research raised Noble Midstream Partners from a "hold" rating to a "buy" rating and set a $57.00 target price on the stock in a research note on Wednesday, October 18th. The firm earned "Buy" rating on Wednesday, November 30 by Ladenburg Thalmann. The stock of Antero Midstream Partners LP (NYSE:AM) earned "Buy" rating by Credit Suisse on Tuesday, May 30. As per Thursday, September 7, the company rating was maintained by Stifel Nicolaus. Goldman Sachs initiated Antero Midstream Partners LP (NYSE:AM) rating on Monday, May 29. The firm has "Outperform" rating by Credit Suisse given on Monday, August 10. Cdw Corp (NASDAQ:CDW) was raised too. Therefore 67% are positive. The stock stands almost -27.55% off versus the 52-week high and 4.92% away from the 52-week low. $11.75's average target is 0.69% above currents $11.67 stock price. On Thursday, July 14 the stock rating was upgraded by Barclays Capital to "Overweight". The company was maintained on Thursday, August 24 by Canaccord Genuity. The firm has "Hold" rating by Piper Jaffray given on Tuesday, July 25. The rating was downgraded by Zacks on Monday, September 7 to "Sell". Shares for $1.29M were sold by Lantrip Mark on Wednesday, June 14. As per Friday, January 29, the company rating was upgraded by Sandler O'Neill. Robert W. Baird has "Buy" rating and $2800 target. The firm has "Hold" rating given on Monday, May 29 by Keefe Bruyette & Woods. As of March 31, 2017, its total estimated proved reserves were 5.6 million barrels of oil equivalent, such as 1.6 million barrels of crude oil reserves and 4.0 billion cubic feet of natural gas reserves. 15 funds opened positions while 51 raised stakes. 162.82 million shares or 0.84% more from 161.46 million shares in 2017Q1 were reported. 2,075 were reported by Pathstone Family Office Limited Liability Company. Engineers Gate Manager Limited Partnership reported 137,759 shares. Ls Inv Advisors Limited Company accumulated 20,822 shares. Suntrust Banks holds 20,261 shares or 0.01% of its portfolio. Royal Bancorporation Of Canada owns 237,315 shares or 0.01% of their U.S. portfolio. Deutsche Bancorporation Ag invested in 0.13% or 2.53M shares.