Magellan Midstream Prtnrs LP (MMP) Holder Creative Planning Raised Stake by $16.35 Million as Market Value Declined

February 24, 2018 - By Adrian Erickson

Investors sentiment is 0.9 in 2017 Q3. Its the same as in 2017Q2. It has no change, as 42 investors sold MMP shares while 161 reduced holdings. only 40 funds opened positions while 142 raised stakes. 134.51 million shares or 2.12% more from 131.72 million shares in 2017Q2 were reported. Alps owns 15.07M shares. West Family Inc has 0.21% invested in Magellan Midstream Partners, L.P. (NYSE:MMP). Green Square Capital Limited Liability has 2.65% invested in Magellan Midstream Partners, L.P. (NYSE:MMP). Moreover, Novare Cap Ltd has 1.23% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 98,605 shares. Bartlett & Lc has invested 0.03% in Magellan Midstream Partners, L.P. (NYSE:MMP). Mengis Management holds 5,900 shares or 0.28% of its portfolio. Us Comml Bank De reported 0.02% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). First Allied Advisory stated it has 0.07% in Magellan Midstream Partners, L.P. (NYSE:MMP). Carnegie Capital Asset Limited Liability Company accumulated 0.3% or 38,351 shares. Hudock Group Inc Lc owns 26 shares. Signature Fin Mngmt Inc accumulated 3,800 shares. Pinnacle Advisory Grp Incorporated invested 0.03% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Next Gp stated it has 0.04% in Magellan Midstream Partners, L.P. (NYSE:MMP). Diversified Trust reported 50,254 shares or 0.27% of all its holdings. Wagner Bowman Mgmt invested in 4,849 shares.

Since September 14, 2017, it had 0 buys, and 2 selling transactions for $1.87 million activity. $353,200 worth of Magellan Midstream Partners, L.P. (NYSE:MMP) was sold by Selvidge Jeff R on Thursday, September 14.

Creative Planning increased its stake in Magellan Midstream Prtnrs Lp (MMP) by 13.5% based on its latest 2017Q3 regulatory filing with the SEC. Creative Planning bought 230,229 shares as the company’s stock declined 7.68% while stock markets rallied. The institutional investor held 1.94 million shares of the natural gas distribution company at the end of 2017Q3, valued at $137.57 million, up from 1.71M at the end of the previous reported quarter. Creative Planning who had been investing in Magellan Midstream Prtnrs Lp for a number of months, seems to be bullish on the $14.92 billion market cap company. The stock increased 0.71% or $0.46 during the last trading session, reaching $65.36. About 702,363 shares traded. Magellan Midstream Partners, L.P. (NYSE:MMP) has risen 3.55% since February 24, 2017 and is uptrending. It has underperformed by 13.15% the S&P500.

Creative Planning, which manages about $13.73 billion and $21.53B US Long portfolio, decreased its stake in Schwab Strategic Tr (SCHA) by 75,679 shares to 55,774 shares, valued at $3.76 million in 2017Q3, according to the filing. It also reduced its holding in Amazon Com Inc (Call) (NASDAQ:AMZN) by 24,500 shares in the quarter, leaving it with 6,000 shares, and cut its stake in Schwab Strategic Tr (SCHM).

More notable recent Magellan Midstream Partners, L.P. (NYSE:MMP) news were published by: Businesswire.com which released: “Intercontinental Exchange and Magellan Midstream Successfully Launch Auction …” on February 14, 2018, also Zacks.com with their article: “Is a Surprise Coming for Magellan Midstream (MMP) This Earnings Season …” published on January 30, 2018, Seekingalpha.com published: “Magellan Midstream: A Play On Rising US Energy Exports And Roaring Permian Oil …” on February 22, 2018. More interesting news about Magellan Midstream Partners, L.P. (NYSE:MMP) were released by: Gurufocus.com and their article: “Magellan Midstream Partners LP (MMP) Files 10-K for the Fiscal Year Ended on …” published on February 16, 2018 as well as Seekingalpha.com‘s news article titled: “Magellan Midstream Partners – Increasing Distribution Even During Recessions” with publication date: February 06, 2018.

Magellan Midstream Partners, L.P. (NYSE:MMP) Ratings Coverage

Among 23 analysts covering Magellan Midstream Partners L.P. (NYSE:MMP), 12 have Buy rating, 3 Sell and 8 Hold. Therefore 52% are positive. Magellan Midstream Partners L.P. had 59 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was downgraded by Credit Suisse to “Underperform” on Thursday, March 17. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) earned “Buy” rating by Argus Research on Monday, August 10. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has “Hold” rating given on Sunday, July 23 by RBC Capital Markets. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) earned “Buy” rating by Citigroup on Thursday, September 21. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has “Hold” rating given on Tuesday, July 18 by Barclays Capital. The firm earned “Hold” rating on Tuesday, January 16 by RBC Capital Markets. The company was upgraded on Monday, January 4 by Raymond James. Mizuho initiated it with “Neutral” rating and $73 target in Friday, September 30 report. Credit Suisse upgraded the shares of MMP in report on Monday, August 10 to “Outperform” rating. The firm earned “Buy” rating on Monday, December 19 by Ladenburg Thalmann.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: