Enable Midstream Partners, LP (NYSE:ENBL) Upgraded to Hold at BidaskClub

DCP Midstream Partners, (DCP) opened at 33.75 on Tuesday. They set a hold rating and a $73.00 price objective for the company. BidaskClub upgraded Summit Midstream Partners, from a strong sell rating to a sell rating in a research report on Thursday, June 22nd. Royal Bank Of Canada reiterated a "hold" rating and set a $80.00 price target on shares of Magellan Midstream Partners L.P.in a research note on Thursday, April 13th.

On October 28 the company was rated "Hold" according to a Stifel Nicolaus report which was a cut from the previous "Buy" rating. The company now has a consensus rating of Hold and an average price target of $79.10.

The value of the investment in Cone Midstream Partners LP Comm went from $509,000 to $428,000 decreasing 15.9% quarter over quarter. Magellan Midstream Partners L.P. has a one year low of $64.25 and a one year high of $81.77.

The company now has a P/E ratio of 11.11 and the market value is 1.15B.

It is now trading at $15.31 marginally over $15.16, the 50 day moving average and which is marginally under the 200 day moving average of $15.98. Dominion Midstream Partners, had a net margin of 19.08% and a return on equity of 1.88%.

Summit Midstream Partners, (NYSE:SMLP) last announced its quarterly earnings results on Thursday, August 3rd. The pipeline company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.03. The company had revenue of $115.70 million for the quarter, compared to analysts' expectations of $130.04 million. DCP Midstream Partners, LP is managed by its general partner, DCP Midstream GP, LLC, which is wholly owned by Duke Energy Field Services, a joint venture between Duke Energy and ConocoPhillips. DCP Midstream Partners, "s quarterly revenue was up 44.9% compared to the same quarter past year". For the next fiscal year, analysts anticipate that the business will post sales of $313.71 million per share, with estimates ranging from $296.04 million to $323.00 million.

The share price of Antero Midstream Partners LP (NYSE:AM) was down -0.20% during the last trading session, with a day high of 34.54.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 11th. Shareholders of record on Monday, July 31st will be paid a $0.89 dividend. TradeLink Capital LLC acquired a new position in DCP Midstream Partners, during the second quarter worth about $223,000. This dividend represents a yeild of $6.23 which is the dividend as a percentage of the current share price. The ex-dividend date is Friday, July 28th. EQT Midstream Partners, 's dividend payout ratio is 72.34%.

In other Magellan Midstream Partners L.P. news, insider Douglas J. May sold 8,000 shares of Magellan Midstream Partners L.P. stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $16.37, for a total transaction of $850,175.95. The firm owned 11,000 shares of the pipeline company's stock at the end of the second quarter. Barclays PLC now has $77.00 price target on the pipeline company's stock, down from their prior price target of $88.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in MMP. TNB Financial bought a new stake in Magellan Midstream Partners L.P. during the first quarter valued at $212,000. Spirit of America Management Corp NY now owns 319,890 shares of the pipeline company's stock valued at $24,603,000 after buying an additional 46,210 shares during the period.

As of quarter end Proficio Capital Partners LLC had bought 2,867 shares growing its holdings by 32.8%. Trust Co. of Oklahoma now owns 12,450 shares of the pipeline company's stock worth $958,000 after buying an additional 100 shares in the last quarter. Finally, AlphaMark Advisors LLC raised its stake in Magellan Midstream Partners L.P.by 444.9% in the first quarter. Creative Planning now owns 1,620,020 shares of the pipeline company's stock worth $124,596,000 after buying an additional 110,890 shares in the last quarter. UBS Group AG increased its position in Rice Midstream Partners by 379.5% in the first quarter. SG Americas Securities LLC now owns 37,300 shares of the pipeline company's stock valued at $2,868,000 after buying an additional 981 shares during the period.

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