Invesco Ltd. Raises Position in USA Compression Partners, LP (NYSE:USAC)

Key Points

• Invesco Ltd. increased its stake in USA Compression Partners, LP by 0.7%, owning approximately 10.51% of the company, valued at $333.49 million after acquiring an additional 86,122 shares during the first quarter.
• USA Compression Partners recently declared a quarterly dividend of $0.525, leading to an annualized dividend yield of 8.9%, although its payout ratio stands at a high 313.43%.
• JPMorgan Chase & Co. restated an "underweight" rating for the company and raised its price objective to $25.00, indicating a cautionary outlook on the stock performance.

Invesco Ltd. grew its holdings in shares of USA Compression Partners, LP (NYSE:USAC - Free Report) by 0.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,360,573 shares of the oil and gas company's stock after purchasing an additional 86,122 shares during the quarter. Invesco Ltd. owned approximately 10.51% of USA Compression Partners worth $333,488,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in USAC. Perkins Coie Trust Co increased its holdings in shares of USA Compression Partners by 40.0% during the 1st quarter. Perkins Coie Trust Co now owns 7,000 shares of the oil and gas company's stock worth $189,000 after buying an additional 2,000 shares during the last quarter. IFG Advisory LLC acquired a new stake in shares of USA Compression Partners during the 1st quarter worth $202,000. Tradition Wealth Management LLC acquired a new stake in shares of USA Compression Partners during the 4th quarter worth $207,000. 49 Wealth Management LLC acquired a new stake in shares of USA Compression Partners during the 1st quarter worth $228,000. Finally, Kestra Private Wealth Services LLC acquired a new stake in shares of USA Compression Partners during the 1st quarter worth $230,000. Hedge funds and other institutional investors own 47.77% of the company's stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. restated an "underweight" rating and set a $25.00 price objective (up from $24.00) on shares of USA Compression Partners in a report on Monday, June 23rd.

USA Compression Partners Trading Down 2.6%

Shares of NYSE USAC opened at $23.73 on Tuesday. USA Compression Partners, LP has a 12-month low of $21.12 and a 12-month high of $30.10. The company has a market cap of $2.91 billion, a P/E ratio of 35.41 and a beta of 0.36. The stock has a fifty day moving average price of $24.60 and a 200 day moving average price of $25.39.

USA Compression Partners (NYSE:USAC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. USA Compression Partners had a negative return on equity of 71.82% and a net margin of 9.56%. The firm had revenue of $250.13 million during the quarter, compared to the consensus estimate of $246.99 million. On average, sell-side analysts forecast that USA Compression Partners, LP will post 1.05 EPS for the current fiscal year.

USA Compression Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Monday, July 28th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 8.9%. The ex-dividend date was Monday, July 28th. USA Compression Partners's dividend payout ratio is currently 313.43%.

About USA Compression Partners

USA Compression Partners, LP provides compression services under term contracts with customers in the natural gas and crude oil industries in the United States. The company engineers, designs, operates, services, and repairs its compression units; and maintains related support inventory and equipment.

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