Published: Fri, August 11, 2017
Money | By Armando Alvarado

Hess Midstream Partners LP to Issue Special Dividend of $0.27 (HESM)

Hess Midstream Partners LP to Issue Special Dividend of $0.27 (HESM)

Shares of Shell Midstream Partners, L.P. (NYSE:SHLX) have been given an average rating of "Hold" by the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Mai Capital Management stated it has 0.16% of its portfolio in Antero Midstream Partners LP (NYSE:AM). US Bancorp DE's holdings in Magellan Midstream Partners L.P. were worth $7,695,000 at the end of the most recent reporting period. Strong Sell. Investors might also notice that two months ago the Buy recommendations (1) outnumbered Sell recommendations (0). Its position was valued at $66,272,000 a decrease of 23.3% as of the end of the quarter. LLC purchased a new stake in shares of American Midstream Partners, during the second quarter worth about $159,000. Alps Advisors Inc. boosted its stake in shares of Shell Midstream Partners, L.P.by 3.6% in the second quarter. About 730,583 shares traded or 21.33% up from the average. Antero Midstream Partners LP (NYSE:AM) has risen 39.56% since August 11, 2016 and is uptrending. Bank of America Corp DE now owns 616,348 shares of the pipeline company's stock valued at $9,153,000 after buying an additional 71,288 shares during the period. Magellan Midstream Partners, L.P. has had earnings per share growth of 14.00% over the past five years. Following the completion of the sale, the insider now directly owns 27,599 shares in the company, valued at $2,069,925. State Of New Jersey Common Pension Fund D has invested 0.01% in Antero Midstream Partners LP (NYSE:AM).

01/11/2017 - Summit Midstream Partners, LP was upgraded to "outperform" by analysts at Wells Fargo. (MMP) opened at 67.37 on Friday. American Midstream Partners, has a 52 week low of $11.10 and a 52 week high of $18.45. The firm has a market cap of $15.36 billion, a P/E ratio of 18.27 and a beta of 0.80. The stock closing price is now trading upward to its 50 day moving average with change of 58.03%, escalated to its 20 day moving average with figure of 26.17% and above its 200 day moving average with value 139.06%. Rice Midstream Partners had a net margin of 58.22% and a return on equity of 12.71%. The stock of Summit Midstream Partners LP (NYSE:SMLP) has "Outperform" rating given on Friday, August 12 by Robert W. Baird. The pipeline company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. The firm had revenue of $199 million for the quarter, compared to analysts' expectations of $195 million. Analysts expect next quarter's EPS to be $-0.15 and the next full year EPS is anticipated to be $-0.50. The firm's revenue for the quarter was up 11.8% compared to the same quarter past year. Equities research analysts forecast that American Midstream Partners, will post ($1.84) earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Nuveen Asset Mngmt Ltd Limited Liability Company invested in 0.04% or 465,968 shares. This is a positive change from Rice Midstream Partners's previous quarterly dividend of $0.26. This represents a $3.74 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date is set for Wednesday the 2nd of August 2017.

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Shares of Shell Midstream Partners, L.P. Zacks Investment Research lowered Magellan Midstream Partners L.P. from a "hold" rating to a "sell" rating in a research report on Tuesday, July 11th. Jefferies Group LLC initiated coverage on Magellan Midstream Partners L.P.in a research report on Thursday, June 22nd. Mitsubishi UFJ has "Buy" rating and $3000 target. Out of 10 Wall Street analysts rating Sarepta Therapeutics, 7 give it "Buy", 0 "Sell" rating, while 3 recommend "Hold". Deutsche Bank maintained Nasdaq Inc (NASDAQ:NDAQ) on Friday, October 23 with "Buy" rating. The share price of CNNX has declined by over -22.87% in the last six months. The Company's segments include the Utica Shale, which includes its ownership interest in Ohio Gathering, as well as Summit Utica; the Williston Basin, which includes Bison Midstream, Polar and Divide and Tioga Midstream; the Marcellus Shale, which includes Mountaineer Midstream; the Barnett Shale, which includes DFW Midstream Services LLC (DFW Midstream), and the Piceance Basin /DJ Basins, which includes Grand River and Niobrara G&P.

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