Magellan Midstream Partners LP (MMP) Holding Held by Alps Advisors Inc

March 19, 2018 - By Henry Gaston

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. 9,319 are held by Franklin Resources. Obermeyer Wood Invest Counsel Lllp holds 0.11% or 17,079 shares. Heronetta Management LP owns 275,480 shares. Conning reported 0.49% stake. Starr owns 110,000 shares. Tompkins accumulated 115 shares or 0% of the stock. Whalerock Point Ptnrs Ltd owns 14,400 shares. Fulton Bancorp Na holds 7,265 shares. Murphy stated it has 0.47% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Cincinnati Insur owns 102,266 shares. Tiedemann Wealth Mgmt invested 1.5% in Magellan Midstream Partners, L.P. (NYSE:MMP). Eagle Ridge Inv holds 0.22% or 18,597 shares in its portfolio. Cambridge Invest Advsr reported 37,247 shares or 0.04% of all its holdings. Hightower Limited Liability Corporation reported 645,120 shares stake. Weiss Multi holds 0.31% or 115,923 shares in its portfolio.

Since February 12, 2018, it had 0 buys, and 1 insider sale for $1.51 million activity.

Alps Advisors Inc increased its stake in Magellan Midstream Partners Lp (MMP) by 5.21% based on its latest 2017Q3 regulatory filing with the SEC. Alps Advisors Inc bought 745,755 shares as the company’s stock declined 7.68% while stock markets rallied. The institutional investor held 15.07M shares of the natural gas distribution company at the end of 2017Q3, valued at $1.07B, up from 14.32 million at the end of the previous reported quarter. Alps Advisors Inc who had been investing in Magellan Midstream Partners Lp for a number of months, seems to be bullish on the $14.26B market cap company. The stock increased 2.02% or $1.24 during the last trading session, reaching $62.49. About 2.85M shares traded or 203.35% up from the average. Magellan Midstream Partners, L.P. (NYSE:MMP) has risen 3.55% since March 19, 2017 and is uptrending. It has underperformed by 13.15% the S&P500.

Alps Advisors Inc, which manages about $13.32 billion and $14.11 billion US Long portfolio, decreased its stake in Abbvie Inc (NYSE:ABBV) by 141,910 shares to 542,883 shares, valued at $48.24M in 2017Q3, according to the filing. It also reduced its holding in Iac/Interactive Corp (NASDAQ:IACI) by 236,740 shares in the quarter, leaving it with 90,625 shares, and cut its stake in Liberty Siriusxm Group.

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. has $91 highest and $61 lowest target. $75.39’s average target is 20.64% above currents $62.49 stock price. Magellan Midstream Partners L.P. had 62 analyst reports since August 7, 2015 according to SRatingsIntel. Mizuho initiated it with “Neutral” rating and $73 target in Friday, September 30 report. As per Monday, August 10, the company rating was upgraded by Credit Suisse. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has “Equal-Weight” rating given on Thursday, February 25 by Morgan Stanley. The firm earned “Hold” rating on Monday, July 17 by Stifel Nicolaus. RBC Capital Markets maintained Magellan Midstream Partners, L.P. (NYSE:MMP) rating on Thursday, February 1. RBC Capital Markets has “Hold” rating and $79.0 target. Morgan Stanley downgraded Magellan Midstream Partners, L.P. (NYSE:MMP) on Thursday, August 18 to “Underweight” rating. Barclays Capital maintained Magellan Midstream Partners, L.P. (NYSE:MMP) rating on Friday, February 2. Barclays Capital has “Equal-Weight” rating and $76 target. The rating was initiated by Macquarie Research on Friday, April 21 with “Neutral”. The firm has “Buy” rating given on Wednesday, July 13 by Ladenburg Thalmann. The rating was downgraded by Credit Suisse to “Underperform” on Thursday, March 17.

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