Beacon Financial Group Decreased Its Magellan Midstream Partners Com (MMP) Stake; MITSU MINING &amp SMELTING CO LTD. UNS (MMSMY) Shorts Down By 75%

Beacon Financial Group decreased Magellan Midstream Partners Com (MMP) stake by 38.79% reported in 2017Q4 SEC filing. Beacon Financial Group sold 27,893 shares as Magellan Midstream Partners Com (MMP)’s stock declined 17.74%. The Beacon Financial Group holds 44,018 shares with $3.12 million value, down from 71,911 last quarter. Magellan Midstream Partners Com now has $14.94B valuation. The stock increased 0.49% or $0.32 during the last trading session, reaching $65.45. About 628,737 shares traded. Magellan Midstream Partners, L.P. (NYSE:MMP) has declined 24.45% since April 29, 2017 and is downtrending. It has underperformed by 36.00% the S&P500.

MITSU MINING &amp SMELTING CO LTD. UNS (OTCMKTS:MMSMY) had a decrease of 75% in short interest. MMSMY’s SI was 100 shares in April as released by FINRA. Its down 75% from 400 shares previously. With 1,200 avg volume, 0 days are for MITSU MINING &amp SMELTING CO LTD. UNS (OTCMKTS:MMSMY)’s short sellers to cover MMSMY’s short positions. It closed at $8.9 lastly. It is down 0.00% since April 29, 2017 and is . It has underperformed by 11.55% the S&P500.

Investors sentiment decreased to 0.76 in Q4 2017. Its down 0.14, from 0.9 in 2017Q3. It fall, as 35 investors sold MMP shares while 186 reduced holdings. 49 funds opened positions while 118 raised stakes. 134.60 million shares or 0.07% more from 134.51 million shares in 2017Q3 were reported. Jpmorgan Chase & has invested 0.07% in Magellan Midstream Partners, L.P. (NYSE:MMP). Moreover, Fiera Capital Corporation has 0.02% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 49,396 shares. Barnett & has invested 0.02% in Magellan Midstream Partners, L.P. (NYSE:MMP). Ontario – Canada-based Highstreet Asset Management Incorporated has invested 0% in Magellan Midstream Partners, L.P. (NYSE:MMP). 6,090 were accumulated by Archford Capital Strategies Limited Liability Corp. Coastline Tru reported 0.31% stake. The California-based Mirador Lp has invested 0.14% in Magellan Midstream Partners, L.P. (NYSE:MMP). Janney Montgomery Scott Ltd Liability Co stated it has 100,071 shares. Loring Wolcott And Coolidge Fiduciary Advsrs Llp Ma has 1,000 shares for 0% of their portfolio. Personal Cap Advsr holds 0% or 3,221 shares in its portfolio. Tocqueville Asset Management Lp invested 0.05% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Sg Americas Limited Liability Company owns 28,439 shares or 0.02% of their US portfolio. Selz Cap Ltd Llc invested in 257,650 shares. Ironwood Investment Counsel Ltd reported 18,975 shares stake. Huntington Bankshares holds 0.04% or 34,553 shares in its portfolio.

Since February 12, 2018, it had 0 insider purchases, and 1 sale for $1.51 million activity. MEARS MICHAEL N sold 22,251 shares worth $1.51 million.

Analysts await Magellan Midstream Partners, L.P. (NYSE:MMP) to report earnings on May, 3 before the open. They expect $1.01 earnings per share, up 3.06% or $0.03 from last year’s $0.98 per share. MMP’s profit will be $230.47 million for 16.20 P/E if the $1.01 EPS becomes a reality. After $1.04 actual earnings per share reported by Magellan Midstream Partners, L.P. for the previous quarter, Wall Street now forecasts -2.88% negative EPS growth.

Among 23 analysts covering Magellan Midstream Partners L.P. (NYSE:MMP), 13 have Buy rating, 3 Sell and 7 Hold. Therefore 57% are positive. Magellan Midstream Partners L.P. has $91 highest and $61 lowest target. $74’s average target is 13.06% above currents $65.45 stock price. Magellan Midstream Partners L.P. had 68 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was upgraded by UBS on Tuesday, July 18 to “Buy”. The company was maintained on Friday, March 2 by UBS. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has “Hold” rating given on Tuesday, July 18 by Barclays Capital. Raymond James maintained the shares of MMP in report on Saturday, August 8 with “Buy” rating. UBS downgraded it to “Neutral” rating and $81 target in Friday, February 3 report. The firm earned “Hold” rating on Thursday, February 1 by RBC Capital Markets. The rating was maintained by Bank of America with “Buy” on Friday, February 2. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has “Neutral” rating given on Monday, February 6 by Mizuho. As per Tuesday, January 16, the company rating was maintained by RBC Capital Markets. Morgan Stanley downgraded the shares of MMP in report on Thursday, August 18 to “Underweight” rating.

Magellan Midstream Partners, L.P. (NYSE:MMP) Institutional Positions Chart