Kayne Anderson Capital Advisors LP Sells 124,700 Shares of Mplx Lp (NYSE:MPLX)

Kayne Anderson Capital Advisors LP decreased its position in shares of Mplx Lp (NYSE:MPLX) by 2.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,756,505 shares of the pipeline company’s stock after selling 124,700 shares during the quarter. Mplx comprises 6.6% of Kayne Anderson Capital Advisors LP’s holdings, making the stock its 6th biggest position. Kayne Anderson Capital Advisors LP’s holdings in Mplx were worth $211,379,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Avalon Trust Co increased its position in Mplx by 23.4% during the fourth quarter. Avalon Trust Co now owns 1,711 shares of the pipeline company’s stock worth $63,000 after buying an additional 324 shares during the period. Lee Financial Co grew its stake in shares of Mplx by 5.1% in the 3rd quarter. Lee Financial Co now owns 6,821 shares of the pipeline company’s stock valued at $243,000 after purchasing an additional 329 shares during the last quarter. PSI Advisors LLC grew its stake in shares of Mplx by 63.6% in the 4th quarter. PSI Advisors LLC now owns 900 shares of the pipeline company’s stock valued at $33,000 after purchasing an additional 350 shares during the last quarter. Ausdal Financial Partners Inc. grew its stake in shares of Mplx by 4.2% in the 4th quarter. Ausdal Financial Partners Inc. now owns 10,064 shares of the pipeline company’s stock valued at $370,000 after purchasing an additional 410 shares during the last quarter. Finally, D.A. Davidson & CO. grew its stake in shares of Mplx by 2.2% in the 3rd quarter. D.A. Davidson & CO. now owns 19,061 shares of the pipeline company’s stock valued at $678,000 after purchasing an additional 415 shares during the last quarter. Institutional investors and hedge funds own 24.25% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on MPLX shares. JPMorgan Chase & Co. lifted their target price on Mplx from $45.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. UBS Group lifted their price target on Mplx from $46.00 to $49.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Royal Bank of Canada lifted their price target on Mplx from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. StockNews.com downgraded Mplx from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 1st. Finally, Truist Financial lifted their price target on Mplx from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Mplx has a consensus rating of “Moderate Buy” and a consensus target price of $45.11.

Mplx Price Performance

MPLX traded up $0.05 during trading on Thursday, reaching $41.82. 296,544 shares of the stock were exchanged, compared to its average volume of 2,141,625. The business’s 50 day moving average price is $40.88 and its two-hundred day moving average price is $38.28. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.72 and a quick ratio of 0.67. The company has a market capitalization of $42.27 billion, a price-to-earnings ratio of 10.77 and a beta of 1.35. Mplx Lp has a 1 year low of $33.12 and a 1 year high of $42.90.

Mplx (NYSE:MPLX) last posted its earnings results on Tuesday, April 30th. The pipeline company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.01). Mplx had a return on equity of 31.70% and a net margin of 34.96%. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter in the previous year, the firm posted $0.91 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Mplx Lp will post 4.06 earnings per share for the current year.

Mplx Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Friday, May 3rd will be issued a $0.85 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $3.40 dividend on an annualized basis and a dividend yield of 8.13%. Mplx’s dividend payout ratio (DPR) is 87.63%.

Mplx Company Profile

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products and renewables; and sale of residue gas and condensate.