Miller Howard Investments Inc. NY Increases Position in Mplx Lp (NYSE:MPLX)

Miller Howard Investments Inc. NY increased its holdings in Mplx Lp (NYSE:MPLX - Free Report) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,362,999 shares of the pipeline company's stock after purchasing an additional 65,380 shares during the quarter. Mplx makes up approximately 3.0% of Miller Howard Investments Inc. NY's holdings, making the stock its 2nd largest holding. Miller Howard Investments Inc. NY owned about 0.24% of Mplx worth $86,769,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Moneta Group Investment Advisors LLC grew its position in shares of Mplx by 104,751.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 69,772,138 shares of the pipeline company's stock valued at $2,291,317,000 after acquiring an additional 69,705,594 shares during the period. Alps Advisors Inc. boosted its stake in shares of Mplx by 18.9% during the third quarter. Alps Advisors Inc. now owns 28,771,793 shares of the pipeline company's stock valued at $1,023,413,000 after purchasing an additional 4,579,152 shares in the last quarter. Invesco Ltd. lifted its position in Mplx by 4.0% during the third quarter. Invesco Ltd. now owns 20,917,505 shares of the pipeline company's stock valued at $744,036,000 after acquiring an additional 809,273 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Mplx by 2.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,463,737 shares of the pipeline company's stock valued at $237,348,000 after acquiring an additional 154,529 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of Mplx by 12.2% in the third quarter. UBS Group AG now owns 5,869,436 shares of the pipeline company's stock worth $208,776,000 after buying an additional 639,199 shares during the last quarter. 24.25% of the stock is owned by institutional investors.

Mplx Trading Down 0.4 %

MPLX stock traded down $0.17 during midday trading on Tuesday, reaching $41.75. The stock had a trading volume of 1,369,173 shares, compared to its average volume of 2,118,102. The company has a quick ratio of 1.01, a current ratio of 1.07 and a debt-to-equity ratio of 1.52. Mplx Lp has a twelve month low of $33.12 and a twelve month high of $42.89. The firm has a market cap of $42.20 billion, a price-to-earnings ratio of 11.00 and a beta of 1.35. The business has a fifty day simple moving average of $39.80 and a two-hundred day simple moving average of $37.47.

Mplx (NYSE:MPLX - Get Free Report) last announced its earnings results on Tuesday, January 30th. The pipeline company reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.15. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.88 billion. Mplx had a return on equity of 31.85% and a net margin of 34.82%. Mplx's revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 EPS. As a group, research analysts expect that Mplx Lp will post 4 EPS for the current fiscal year.

Mplx Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Monday, February 5th were given a dividend of $0.85 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $3.40 annualized dividend and a dividend yield of 8.14%. Mplx's dividend payout ratio is currently 89.24%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Raymond James boosted their price target on shares of Mplx from $44.00 to $45.00 and gave the company an "outperform" rating in a research note on Wednesday, January 31st. Royal Bank of Canada boosted their target price on shares of Mplx from $45.00 to $46.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 31st. UBS Group upped their price target on shares of Mplx from $44.00 to $46.00 and gave the stock a "buy" rating in a research report on Friday, March 1st. Barclays upped their price target on shares of Mplx from $40.00 to $43.00 and gave the company an "overweight" rating in a report on Friday. Finally, StockNews.com raised Mplx from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, January 31st. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Mplx currently has a consensus rating of "Buy" and an average target price of $43.43.

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.