Magellan Midstream Partners L.P.(MMP) is having a Dividend Yield of 4.22% with the Annual cash Dividend per share of $3.25. The last quarter cash dividend per share pay out was $0.84. Magellan Midstream Partners L.P. has a 5 year average dividend yield of 4.02% and the stock has a Indicated annual dividend of $3.42. Magellan Midstream Partners L.P.(MMP) formally announced its most recent dividend on January 25, 2017 with a Dividend per share of $0.86. The new indicated annual dividend based on announced dividend per share is $3.42. The dividend yield based on the forward looking indicated annual dividend is 4.22%. Magellan Midstream Partners L.P.(MMP) has the most recent dividend payout ratio of 0.92 with a 5-year average payout ratio of 0.89. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.03. The 5 year historical dividend growth of Magellan Midstream Partners L.P.(MMP) is at the rate of 16.57% while the R-Squared dividend growth is 0.99. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.
Magellan Midstream Partners L.P. (NYSE:MMP) rose 0.06% or 0.05 points on Thursday and made its way into the gainers of the day. After trading began at $81.59 the stock was seen hitting $81.6948 as a peak level and $80.78 as the lowest level. The stock ended up at $81.03. The daily volume was measured at 902,062 shares. The 52-week high of the share price is $81.77 and the 52-week low is $60.36. The company has a market cap of $18,457 million. Shares of Magellan Midstream Partners, L.P. rose by 2.65% in the last five trading days and 9.6% for the last 4 weeks. Magellan Midstream Partners, L.P. is up 20.54% in the last 3-month period. Year-to-Date the stock performance stands at 8.3%.
Currently the company Insiders own 0.28% of Magellan Midstream Partners L.P. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -18.8% . Institutional Investors own 63.42% of Magellan Midstream Partners L.P. shares. During last six month period, the net percent change held by insiders has seen a change of -10.87%. Company has reported several Insider transactions to the SEC, on Feb 15, 2017, Jeff R Selvidge (Senior Vice President) sold 5,000 shares at 80.00 per share price.On Feb 8, 2017, Lisa J Korner (Senior Vice President) sold 10,000 shares at 78.67 per share price.On Feb 7, 2017, Michael N Mears (President & CEO) sold 50,000 shares at 78.74 per share price.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Mizuho on Feb 6, 2017 to Neutral, Raises Price Target to $ 74 from a previous price target of $73 .Magellan Midstream Partners L.P. was Downgraded by UBS on Feb 3, 2017 to Neutral, Price Target of the shares are set at $81.Magellan Midstream Partners L.P. was Downgraded by Raymond James to Outperform on Jan 12, 2017. Magellan Midstream Partners L.P. was Initiated by Ladenburg Thalmann to Buy on Dec 19, 2016. Magellan Midstream Partners L.P. was Upgraded by Goldman to Buy on Dec 15, 2016.
Magellan Midstream Partners L.P. Last issued its quarterly earnings results on Feb 2, 2017. The company reported $1.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.05. Analyst had a consensus of $0.99. The company had revenue of $614.92 million for the quarter, compared to analysts expectations of $602.48 million. The companys revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS.
Magellan Midstream Partners, L.P., formerly Williams Energy Partners L.P., is a publicly traded partnership formed to own, operate and acquire a diversified portfolio of energy assets. The partnership primarily transports, stores and distributes refined petroleum products and ammonia.