Dividend Reporting: Can we expect Summit Midstream Partners, LP (NYSE:SMLP) to bring investors news of $0.58 dividends?

Dividend Reporting: Can we expect Summit Midstream Partners, LP (NYSE:SMLP) to bring investors news of $0.58 dividends?

Summit Midstream Partners, LP (NYSE:SMLP) is expected to pay $0.58 on Nov 14, 2016. The indicated annual dividend is $2.30. Shareholders owning the stock before Nov 3, 2016 will be eligible to receive the payout. Based on Summit Midstream Partners, LP’s current price of $21.35, the dividend is 2.69%. This dividend’s record date is Nov 7, 2016 and the announcement date is Oct 28, 2016. Summit Midstream Partners LP (NYSE:SMLP) has risen 26.91% since March 31, 2016 and is uptrending. It has outperformed by 24.39% the S&P500.

Summit Midstream Partners, LP is a limited partnership focused on developing, owning and operating midstream energy infrastructure assets. The company has a market cap of $1.41 billion. The Company’s divisions include the Marcellus Shale, which is served by Mountaineer Midstream; the Williston Basin, which is served by Bison Midstream; the Barnett Shale, which is served by DFW Midstream; the Piceance Basin, which is served by Grand River, and Corporate. It currently has negative earnings. It provides natural gas gathering, treating and processing services pursuant to long-term and natural gas gathering and processing agreements.

Insitutional Activity: The institutional sentiment decreased to 0.5 in 2016 Q2. Its down 0.24, from 0.74 in 2016Q1. The ratio dived, as 12 funds sold all Summit Midstream Partners LP shares owned while 20 reduced positions. 3 funds bought stakes while 13 increased positions. They now own 23.51 million shares or 14.00% less from 27.34 million shares in 2016Q1.
Group Incorporated One Trading L P last reported 0% of its portfolio in the stock. Salient Advsr Limited Liability Corp has 365,790 shares for 0.19% of their US portfolio. Global X Mngmt Ltd Liability reported 362,301 shares or 0.42% of all its holdings. Ladenburg Thalmann Financial Svcs Incorporated last reported 0% of its portfolio in the stock. Citigroup last reported 0% of its portfolio in the stock. Commonwealth Of Pennsylvania School Empls Retrmt Systems owns 630,384 shares or 0.27% of their US portfolio. Retail Bank Of America De has 394,996 shares for 0% of their US portfolio. Toronto Dominion National Bank & Trust holds 0% of its portfolio in Summit Midstream Partners LP (NYSE:SMLP) for 2,938 shares. Morgan Stanley has invested 0.01% of its portfolio in Summit Midstream Partners LP (NYSE:SMLP). Westwood Grp Inc Inc holds 447,358 shares or 0.09% of its portfolio. Moreover, Jpmorgan Chase has 0% invested in Summit Midstream Partners LP (NYSE:SMLP) for 549,051 shares. Royal Retail Bank Of Canada accumulated 0% or 12,394 shares. Moreover, Wells Fargo And Mn has 0% invested in Summit Midstream Partners LP (NYSE:SMLP) for 58,945 shares. Burnham Asset Management Corp Ny has 50,175 shares for 0.32% of their US portfolio. The California-based Hmi Capital Llc has invested 18.85% in Summit Midstream Partners LP (NYSE:SMLP).

Insider Transactions: Since May 5, 2016, the stock had 3 insider buys, and 8 selling transactions for $4.58 million net activity. $18,400 worth of Summit Midstream Partners LP (NYSE:SMLP) shares were sold by Graves Brad N. ENERGY CAPITAL PARTNERS II – LLC had bought 164,896 shares worth $3.44M on Thursday, May 26. Another trade for 2,330 shares valued at $58,253 was sold by Degeyter Brock M. Harrison Matthew S. also sold $77,018 worth of Summit Midstream Partners LP (NYSE:SMLP) on Wednesday, August 31. Shares for $312,500 were sold by Newby Steven J.

Summit Midstream Partners LP (NYSE:SMLP) Ratings Coverage

Out of 7 analysts covering Summit Midstream Partners (NYSE:SMLP), 2 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 29% are positive. Summit Midstream Partners has been the topic of 15 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of Summit Midstream Partners LP (NYSE:SMLP) has “Neutral” rating given on Thursday, May 12 by Goldman Sachs. Robert W. Baird upgraded the stock to “Outperform” rating in Friday, August 12 report. The rating was initiated by Credit Suisse on Tuesday, May 24 with “Neutral”. On Monday, January 18 the stock rating was downgraded by Wells Fargo to “Market Perform”. The stock of Summit Midstream Partners LP (NYSE:SMLP) has “Neutral” rating given on Monday, August 17 by Robert W. Baird. The stock of Summit Midstream Partners LP (NYSE:SMLP) earned “Outperform” rating by RBC Capital Markets on Tuesday, September 6. The rating was downgraded by Citigroup on Thursday, March 10 to “Neutral”. The firm has “Neutral” rating given on Friday, March 11 by Goldman Sachs. The company was downgraded on Friday, January 15 by Wells Fargo.

More notable recent Summit Midstream Partners LP (NYSE:SMLP) news were published by: Nasdaq.com which released: “Ex-Div Reminder for Summit Midstream Partners (SMLP)” on November 01, 2016, also Prnewswire.com with their article: “Summit Midstream Partners, LP Schedules Third Quarter 2016 Earnings Release …” published on October 20, 2016, Marketwatch.com published: “Summit Midstream Partners started at neutral with $27 stock price target at …” on September 28, 2012. More interesting news about Summit Midstream Partners LP (NYSE:SMLP) were released by: Prnewswire.com and their article: “Summit Midstream Partners, LP to Attend the Deutsche Bank 24th Annual …” published on September 23, 2016 as well as Prnewswire.com‘s news article titled: “Summit Midstream Partners, LP Announces Closing of Drop Down Assets from …” with publication date: March 04, 2016.

SMLP Company Profile

Summit Midstream Partners, LP, incorporated on May 1, 2012, is a limited partnership focused on developing, owning and operating midstream energy infrastructure assets. The Company’s assets are located in the producing areas of unconventional resource basins, primarily shale formations, in North America. It provides natural gas gathering, treating and processing services pursuant to long-term and natural gas gathering and processing agreements with its clients and counterparties. The Company’s divisions include the Marcellus Shale, which is served by Mountaineer Midstream; the Williston Basin, which is served by Bison Midstream; the Barnett Shale, which is served by DFW Midstream; the Piceance Basin, which is served by Grand River, and Corporate.

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