Magellan Midstream Prtnrs LP (MMP) Shareholder Tiedemann Wealth Management LLC Has Boosted Holding

April 16, 2018 - By Dolores Ford

Investors sentiment decreased to 0.76 in Q4 2017. Its down 0.14, from 0.9 in 2017Q3. It dived, as 35 investors sold MMP shares while 186 reduced holdings. 49 funds opened positions while 118 raised stakes. 134.60 million shares or 0.07% more from 134.51 million shares in 2017Q3 were reported. Fdx Advsrs has 64,034 shares for 0.12% of their portfolio. 14,700 were accumulated by Bb&T Corp. Hilton Capital Management Limited Company owns 223,074 shares. Camelot Portfolios Ltd Llc stated it has 7,093 shares. Peregrine Asset Advisers Inc reported 4,770 shares. Webster Comml Bank N A stated it has 0.06% in Magellan Midstream Partners, L.P. (NYSE:MMP). Brighton Jones Lc stated it has 0.05% in Magellan Midstream Partners, L.P. (NYSE:MMP). Fort Washington Invest Advsrs Oh owns 85,680 shares. Bnp Paribas Asset Management Holdg reported 0% in Magellan Midstream Partners, L.P. (NYSE:MMP). Miller Howard Invests Ny invested 2.2% in Magellan Midstream Partners, L.P. (NYSE:MMP). Colony Gp Ltd Liability Corporation owns 3,046 shares or 0.01% of their US portfolio. Thomaspartners invested in 0.16% or 301,352 shares. First Midwest State Bank Tru Division reported 5,410 shares. Envestnet Asset Management Incorporated reported 10,459 shares. 14,874 were accumulated by Advsrs Ok.

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

Tiedemann Wealth Management Llc increased its stake in Magellan Midstream Prtnrs Lp (MMP) by 15.74% based on its latest 2017Q4 regulatory filing with the SEC. Tiedemann Wealth Management Llc bought 46,131 shares as the company’s stock declined 17.74% with the market. The institutional investor held 339,294 shares of the natural gas distribution company at the end of 2017Q4, valued at $24.07M, up from 293,163 at the end of the previous reported quarter. Tiedemann Wealth Management Llc who had been investing in Magellan Midstream Prtnrs Lp for a number of months, seems to be bullish on the $14.50B market cap company. The stock increased 2.07% or $1.29 during the last trading session, reaching $63.52. About 377,278 shares traded. Magellan Midstream Partners, L.P. (NYSE:MMP) has declined 24.45% since April 16, 2017 and is downtrending. It has underperformed by 36.00% the S&P500.

Tiedemann Wealth Management Llc, which manages about $5.35 billion and $1.31B US Long portfolio, decreased its stake in Pfizer Inc (NYSE:PFE) by 88,598 shares to 38,267 shares, valued at $1.39M in 2017Q4, according to the filing. It also reduced its holding in Energy Transfer Partners Lp by 435,237 shares in the quarter, leaving it with 14,226 shares, and cut its stake in Plains All Amern Pipeline L (NYSE:PAA).

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

Among 12 analysts covering Magellan Midstream (NYSE:MMP), 6 have Buy rating, 3 Sell and 3 Hold. Therefore 50% are positive. Magellan Midstream had 16 analyst reports since November 5, 2017 according to SRatingsIntel. The stock has “Equal-Weight” rating by Barclays Capital on Friday, February 2. The firm has “Outperform” rating by RBC Capital Markets given on Monday, April 9. As per Friday, March 2, the company rating was maintained by UBS. On Sunday, November 5 the stock rating was maintained by RBC Capital Markets with “Hold”. The stock has “Hold” rating by RBC Capital Markets on Tuesday, January 16. Bank of America maintained Magellan Midstream Partners, L.P. (NYSE:MMP) on Tuesday, March 27 with “Buy” rating. Stifel Nicolaus maintained it with “Hold” rating and $69.0 target in Friday, February 2 report. The rating was maintained by Morgan Stanley on Friday, March 16 with “Underweight”. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has “Sell” rating given on Wednesday, April 11 by Mizuho. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has “Buy” rating given on Thursday, April 5 by Jefferies.

Magellan Midstream Partners, L.P. (NYSE:MMP) Institutional Positions Chart

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