Magellan Midstream Partners (MMP) Stock Price, News & Analysis

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last year. There are currently 1 sell rating and 4 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" MMP shares.
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5 brokers have issued 1 year price objectives for Magellan Midstream Partners' stock. Their MMP share price targets range from $56.00 to $69.00. On average, they expect the company's share price to reach $64.33 in the next year. This suggests that the stock has a possible downside of 6.8%.
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Magellan Midstream Partners, L.P. (NYSE:MMP) released its quarterly earnings data on Thursday, May, 4th. The pipeline company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.11. The pipeline company earned $869.70 million during the quarter, compared to analysts' expectations of $731.28 million. Magellan Midstream Partners had a trailing twelve-month return on equity of 58.77% and a net margin of 29.55%. The business's revenue for the quarter was up 28.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.08 EPS.

Magellan Midstream Partners announced a None dividend on Monday, September 11th. Investors of record on Thursday, September 21st will be paid a dividend of $0.247 per share on Monday, September 25th. The ex-dividend date is Wednesday, September 20th.
Read our dividend analysis for MMP.

Magellan Midstream Partners (NYSE:MMP) pays an annual dividend of $4.19 per share and currently has a dividend yield of 6.11%. MMP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 83.47%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, MMP will have a dividend payout ratio of 79.36% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for MMP.

ETFs with the largest weight of Magellan Midstream Partners (NYSE:MMP) stock in their portfolio include ASYMmetric Smart Alpha S&P 500 ETF (ZSPY).LifeGoal Home Down Payment Investment ETF (HOM).

27 employees have rated Magellan Midstream Partners Chief Executive Officer Michael N. Mears on Glassdoor.com. Michael N. Mears has an approval rating of 85% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Magellan Midstream Partners investors own include Enterprise Products Partners (EPD), AT&T (T), Verizon Communications (VZ), Johnson & Johnson (JNJ), Energy Transfer (ET), AbbVie (ABBV), Cisco Systems (CSCO), Pfizer (PFE), Exxon Mobil (XOM) and Chevron (CVX).