Magellan Midstream Partners Stock Forecast, Price & News

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last year. There are currently 11 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Magellan Midstream Partners stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MMP, but not buy additional shares or sell existing shares.
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Magellan Midstream Partners is scheduled to release its next quarterly earnings announcement on Thursday, July 29th 2021.
View our earnings forecast for Magellan Midstream Partners.

Magellan Midstream Partners, L.P. (NYSE:MMP) issued its quarterly earnings results on Thursday, April, 29th. The pipeline company reported $1.09 EPS for the quarter, topping the Zacks' consensus estimate of $0.87 by $0.22. The pipeline company earned $661 million during the quarter, compared to analyst estimates of $661.52 million. Magellan Midstream Partners had a trailing twelve-month return on equity of 34.70% and a net margin of 32.55%. The firm's quarterly revenue was down 15.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.28 EPS.
View Magellan Midstream Partners' earnings history.

Magellan Midstream Partners' stock was trading at $44.25 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MMP stock has increased by 13.4% and is now trading at $50.17.
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Magellan Midstream Partners declared a quarterly dividend on Thursday, April 22nd. Shareholders of record on Friday, May 7th will be paid a dividend of $1.028 per share on Friday, May 14th. This represents a $4.11 annualized dividend and a dividend yield of 8.20%. The ex-dividend date is Thursday, May 6th. This is an increase from Magellan Midstream Partners's previous quarterly dividend of $1.03.
View Magellan Midstream Partners' dividend history.

Magellan Midstream Partners pays an annual dividend of $4.11 per share and currently has a dividend yield of 8.19%. MMP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Magellan Midstream Partners does not yet have a strong track record of dividend growth. The dividend payout ratio of Magellan Midstream Partners is 107.03%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Magellan Midstream Partners will have a dividend payout ratio of 99.04% in the coming year. This indicates that Magellan Midstream Partners may not be able to sustain their current dividend.
View Magellan Midstream Partners' dividend history.

Magellan Midstream Partners issued an update on its second quarter 2021 earnings guidance on Thursday, May, 6th. The company provided EPS guidance of 1.150-1.150 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.860. The company issued revenue guidance of -.

16 equities research analysts have issued 1 year target prices for Magellan Midstream Partners' stock. Their forecasts range from $42.00 to $54.00. On average, they anticipate Magellan Midstream Partners' share price to reach $48.47 in the next year. This suggests that the stock has a possible downside of 3.4%.
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27 employees have rated Magellan Midstream Partners CEO Michael N. Mears on Glassdoor.com. Michael N. Mears has an approval rating of 85% among Magellan Midstream Partners' employees.

Some companies that are related to Magellan Midstream Partners include Mplx (MPLX), Phillips 66 Partners (PSXP), Plains All American Pipeline (PAA), Shell Midstream Partners (SHLX), Holly Energy Partners (HEP), Plains GP (PAGP), NuStar Energy (NS), Delek Logistics Partners (DKL), BP Midstream Partners (BPMP), Genesis Energy (GEL), PBF Logistics (PBFX) and Blueknight Energy Partners (BKEP).
View all of MMP's competitors.

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).

Magellan Midstream Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "MMP."

Magellan Midstream Partners' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Alps Advisors Inc. (5.23%), Tortoise Capital Advisors L.L.C. (3.66%), Janus Henderson Group PLC (3.44%), Goldman Sachs Group Inc. (2.97%), Morgan Stanley (2.68%) and Mitsubishi UFJ Trust & Banking Corp (1.64%). Company insiders that own Magellan Midstream Partners stock include Chansoo Joung, James R Montague, Jeff R Selvidge and Lisa J Korner.
View institutional ownership trends for Magellan Midstream Partners.

MMP stock was sold by a variety of institutional investors in the last quarter, including Blackstone Group Inc., Goldman Sachs Group Inc., Chickasaw Capital Management LLC, Brookfield Asset Management Inc., 683 Capital Management LLC, CIBC Private Wealth Group LLC, Ensign Peak Advisors Inc, and Massachusetts Financial Services Co. MA.
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MMP stock was purchased by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., Alps Advisors Inc., Morgan Stanley, Credit Suisse AG, Nuveen Asset Management LLC, Mitsubishi UFJ Trust & Banking Corp, Arrowstreet Capital Limited Partnership, and First Eagle Investment Management LLC.
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Shares of MMP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MMP stock can currently be purchased for approximately $50.17.

Magellan Midstream Partners has a market capitalization of $11.20 billion and generates $2.43 billion in revenue each year. The pipeline company earns $816.97 million in net income (profit) each year or $3.84 on an earnings per share basis.

Magellan Midstream Partners employs 1,720 workers across the globe.

Magellan Midstream Partners was founded in 2000.

The official website for Magellan Midstream Partners is www.magellanlp.com.

Magellan Midstream Partners is headquartered at One Williams Center P.O. Box 22186, TULSA OK, 74121.

Magellan Midstream Partners' mailing address is One Williams Center P.O. Box 22186, TULSA OK, 74121. The pipeline company can be reached via phone at 918-574-7000 or via email at [email protected]