Green Square Capital LLC reduced its stake in shares of Summit Midstream Partners LP (NYSE:SMLP) by 54.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,274 shares of the pipeline company’s stock after selling 19,764 shares during the quarter. Green Square Capital LLC’s holdings in Summit Midstream Partners were worth $325,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. BNP Paribas Arbitrage SA bought a new position in Summit Midstream Partners during the third quarter valued at approximately $105,000. Alliancebernstein L.P. raised its position in Summit Midstream Partners by 5.9% during the second quarter. Alliancebernstein L.P. now owns 10,004 shares of the pipeline company’s stock valued at $227,000 after acquiring an additional 560 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Summit Midstream Partners during the second quarter valued at approximately $242,000. Global X Management Co. LLC raised its position in Summit Midstream Partners by 11.1% during the second quarter. Global X Management Co. LLC now owns 15,157 shares of the pipeline company’s stock valued at $343,000 after acquiring an additional 1,514 shares in the last quarter. Finally, Twin Focus Capital Partners LLC bought a new position in Summit Midstream Partners during the second quarter valued at approximately $453,000. Institutional investors and hedge funds own 48.77% of the company’s stock.

Several brokerages recently weighed in on SMLP. ValuEngine raised shares of Summit Midstream Partners from a “hold” rating to a “buy” rating in a research report on Monday. Zacks Investment Research raised shares of Summit Midstream Partners from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Wednesday, November 15th. Finally, BidaskClub raised shares of Summit Midstream Partners from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Summit Midstream Partners currently has an average rating of “Hold” and an average price target of $25.50.

Summit Midstream Partners LP (NYSE SMLP) traded up $0.55 during trading hours on Thursday, hitting $21.05. 72,473 shares of the stock were exchanged, compared to its average volume of 148,890. Summit Midstream Partners LP has a 12 month low of $18.30 and a 12 month high of $26.50. The company has a market capitalization of $1,540.00, a price-to-earnings ratio of 12.35 and a beta of 1.65. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.84 and a current ratio of 0.84.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th were given a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 10.93%. The ex-dividend date was Monday, November 6th. Summit Midstream Partners’s dividend payout ratio is 157.53%.

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Summit Midstream Partners Company Profile

Summit Midstream Partners, LP focuses on developing, owning and operating midstream energy infrastructure assets. The Company’s segments include the Utica Shale, which includes its ownership interest in Ohio Gathering, as well as Summit Utica; the Williston Basin, which includes Bison Midstream, Polar and Divide and Tioga Midstream; the Marcellus Shale, which includes Mountaineer Midstream; the Barnett Shale, which includes DFW Midstream Services LLC (DFW Midstream), and the Piceance Basin /DJ Basins, which includes Grand River and Niobrara G&P.

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Institutional Ownership by Quarter for Summit Midstream Partners (NYSE:SMLP)

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