Summit Midstream Partners, LP (NYSE:SMLP)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as $18.55 and last traded at $19.10, with a volume of 42500 shares changing hands. The stock had previously closed at $19.15.

Several equities analysts have recently commented on SMLP shares. Zacks Investment Research upgraded Summit Midstream Partners from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Tuesday, October 10th. ValuEngine upgraded Summit Midstream Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. BidaskClub raised Summit Midstream Partners from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Robert W. Baird reduced their target price on Summit Midstream Partners from $28.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, August 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Summit Midstream Partners currently has a consensus rating of “Hold” and a consensus price target of $25.50.

The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12. The company has a market cap of $1,423.91, a price-to-earnings ratio of 11.51 and a beta of 1.70.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th were issued a $0.575 dividend. The ex-dividend date was Monday, November 6th. This represents a $2.30 annualized dividend and a dividend yield of 12.33%. Summit Midstream Partners’s dividend payout ratio (DPR) is 157.53%.

Several hedge funds have recently modified their holdings of the company. HMI Capital LLC increased its holdings in shares of Summit Midstream Partners by 0.8% in the third quarter. HMI Capital LLC now owns 5,154,264 shares of the pipeline company’s stock worth $103,085,000 after purchasing an additional 39,955 shares during the last quarter. Harvest Fund Advisors LLC increased its holdings in shares of Summit Midstream Partners by 14.9% in the third quarter. Harvest Fund Advisors LLC now owns 3,365,477 shares of the pipeline company’s stock worth $67,310,000 after purchasing an additional 437,548 shares during the last quarter. Kayne Anderson Capital Advisors LP increased its holdings in shares of Summit Midstream Partners by 0.6% in the third quarter. Kayne Anderson Capital Advisors LP now owns 3,157,570 shares of the pipeline company’s stock worth $63,148,000 after purchasing an additional 19,570 shares during the last quarter. Center Coast Capital Advisors LP increased its stake in Summit Midstream Partners by 3.7% during the third quarter. Center Coast Capital Advisors LP now owns 1,445,112 shares of the pipeline company’s stock worth $28,902,000 after acquiring an additional 51,396 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Summit Midstream Partners by 3.5% during the second quarter. Goldman Sachs Group Inc. now owns 1,068,307 shares of the pipeline company’s stock worth $24,197,000 after acquiring an additional 36,213 shares during the last quarter. 48.77% of the stock is currently owned by hedge funds and other institutional investors.

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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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