Advisory Research Inc. boosted its position in Crestwood Equity Partners LP (NYSE:CEQP) by 1.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,143,838 shares of the pipeline company’s stock after purchasing an additional 19,715 shares during the period. Advisory Research Inc.’s holdings in Crestwood Equity Partners were worth $29,511,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership acquired a new stake in Crestwood Equity Partners in the 2nd quarter valued at about $1,272,000. Kayne Anderson Capital Advisors LP lifted its stake in Crestwood Equity Partners by 3.1% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 1,804,239 shares of the pipeline company’s stock valued at $44,021,000 after purchasing an additional 53,700 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Crestwood Equity Partners by 21.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 916,230 shares of the pipeline company’s stock valued at $22,448,000 after purchasing an additional 161,188 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in Crestwood Equity Partners in the 3rd quarter valued at about $359,000. Finally, ING Groep NV acquired a new stake in Crestwood Equity Partners in the 3rd quarter valued at about $2,294,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Several brokerages recently issued reports on CEQP. Barclays upgraded shares of Crestwood Equity Partners from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $25.00 to $30.00 in a research note on Wednesday, January 17th. ValuEngine upgraded shares of Crestwood Equity Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Capital One Financial upgraded shares of Crestwood Equity Partners from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 26th. Wells Fargo & Co raised shares of Crestwood Equity Partners from a “market perform” rating to an “outperform” rating and increased their price target for the company from $28.00 to $32.00 in a report on Thursday, January 11th. Finally, Stifel Nicolaus set a $27.00 price target on shares of Crestwood Equity Partners and gave the company a “buy” rating in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Crestwood Equity Partners presently has a consensus rating of “Hold” and an average price target of $29.75.

Crestwood Equity Partners LP (NYSE CEQP) opened at $27.60 on Thursday. The company has a quick ratio of 0.75, a current ratio of 0.94 and a debt-to-equity ratio of 0.91. Crestwood Equity Partners LP has a fifty-two week low of $20.00 and a fifty-two week high of $29.25.

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, February 7th were issued a $0.60 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $2.40 annualized dividend and a yield of 8.70%. Crestwood Equity Partners’s dividend payout ratio is currently -85.11%.

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About Crestwood Equity Partners

Crestwood Equity Partners LP is a holding company and a master limited partnership (MLP). The Company develops, acquires, owns or controls, and operates assets and operations within the energy midstream sector. The Company’s segments include gathering and processing (G&P), which includes its natural gas, crude oil and produced water G&P operations; storage and transportation, which includes its natural gas and crude oil storage and transportation operations, and marketing, supply and logistics, which includes its natural gas liquid (NGL) supply and logistics business, crude oil storage and rail loading facilities and fleet, and salt production business.

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Institutional Ownership by Quarter for Crestwood Equity Partners (NYSE:CEQP)

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