Shares of Summit Midstream Partners, LP (NYSE:SMLP) have earned an average rating of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $25.50.

Several equities analysts have recently issued reports on SMLP shares. Zacks Investment Research lowered Summit Midstream Partners, from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. ValuEngine upgraded Summit Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. BidaskClub upgraded Summit Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Robert W. Baird decreased their price target on Summit Midstream Partners, from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, August 11th.

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Summit Midstream Partners, (NYSE:SMLP) traded up $0.30 during trading on Thursday, reaching $19.30. The company’s stock had a trading volume of 98,035 shares, compared to its average volume of 137,234. Summit Midstream Partners, has a 12-month low of $18.65 and a 12-month high of $26.50. 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 has a market cap of $1,438.81, a price-to-earnings ratio of 11.63 and a beta of 1.70.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, November 7th were issued a dividend of $0.575 per share. This represents a $2.30 annualized dividend and a yield of 11.92%. The ex-dividend date of this dividend was Monday, November 6th. Summit Midstream Partners,’s payout ratio is presently 157.53%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. HMI Capital LLC lifted its holdings in Summit Midstream Partners, by 0.8% during the 3rd quarter. HMI Capital LLC now owns 5,154,264 shares of the pipeline company’s stock worth $103,085,000 after buying an additional 39,955 shares during the period. Harvest Fund Advisors LLC lifted its holdings in Summit Midstream Partners, by 14.9% during the 3rd quarter. Harvest Fund Advisors LLC now owns 3,365,477 shares of the pipeline company’s stock worth $67,310,000 after buying an additional 437,548 shares during the period. Kayne Anderson Capital Advisors LP lifted its holdings in Summit Midstream Partners, by 0.6% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 3,157,570 shares of the pipeline company’s stock worth $63,148,000 after buying an additional 19,570 shares during the period. Center Coast Capital Advisors LP lifted its holdings in Summit Midstream Partners, by 3.7% during the 3rd quarter. Center Coast Capital Advisors LP now owns 1,445,112 shares of the pipeline company’s stock worth $28,902,000 after buying an additional 51,396 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in Summit Midstream Partners, by 3.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,068,307 shares of the pipeline company’s stock worth $24,197,000 after buying an additional 36,213 shares during the period. 49.79% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Summit Midstream Partners, (NYSE:SMLP)

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