Buckeye Partners L.P. (NYSE:BPL).
Creative Planning says it increased its position in Buckeye Partners L.P. shares by 11.3% in the quarter ending 06/30/2017. Its position stood at $80,640,000 an increase of 3.8% as of the end of the quarter.
Here are a few other firms who have updated their positions. Cohen Capital Management, Inc. expanded its stake by buying 5,250 shares an increase of 6.0% as of 06/30/2017. Cohen Capital Management, Inc. now controls 93,384 shares worth $5,970,000. The total value of its holdings decreased 1.2%. Virtu Financial LLC bolstered its holdings by buying 47,566 shares an increase of 176.5%. Virtu Financial LLC currently owns 74,508 shares with a value of $4,763,000. The value of the position overall is up by 157.9%.
As of the end of the quarter Level Four Advisory Services, LLC had disposed of 21,689 shares trimming its position 58.4%. The value of the investment in BPL went from $2,543,000 to $1,056,000 a change of $1,487,000 quarter to quarter.
On December 15, 2016 the stock rating was rated “Neutral” by Goldman Sachs down from the previous “Buy” rating. Equity analyst Credit Suisse starting coverage on BPL by announcing an initial rating of “Neutral”.
On September 30 analysts at Mizuho Securities began coverage of the stock with an initial rating of “Neutral”. On September 19 the company was upgraded to “Buy” from “Neutral” with a current price target of $78.00 in an announcement from Goldman Sachs.
September 19 investment analysts at Goldman Sachs made no change to the price objective of $78.00 but boost the company from Neutral to Buy. On September 8 the stock rating was upgraded from “” to “Buy” in a report from US Capital Advisors.
The company is now up from yesterday’s close of $63.67. The company also recently announced a dividend for shareholders paid on Monday May 22nd, 2017. The dividend payment was $1.230 per share for the quarter which is $4.92 annualized. The dividend yield was $7.63. The ex-dividend date was Thursday the 11th of May 2017.
Company chares are trading at $64.21 a tad higher than $63.88, the stock’s 50 day moving average and which is just a bit below the 200 day moving average of $66.79. The 50 day moving average went up $0.33 or +0.51% and the 200 day average was down $-2.58.
The P/E ratio is currently 16.49 and the market cap is 9.02B. As of the last earnings report the EPS was $3.89 and is projected to be $3.94 for the current year with 140,527,000 shares outstanding. Next quarter’s EPS is forecasted to be $1.03 and the next full year EPS is projected to be $4.24.