Magellan Midstream Partners - MMP Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Magellan Midstream Partners in the last year. There are currently 2 sell ratings, 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MMP shares. 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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12 analysts have issued 12 month price objectives for Magellan Midstream Partners' shares. Their MMP share price forecasts range from $49.00 to $59.00. On average, they expect the company's share price to reach $53.50 in the next year. This suggests a possible upside of 5.3% from the stock's current price.
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Magellan Midstream Partners' stock was trading at $46.44 on January 1st, 2022. Since then, MMP shares have increased by 9.5% and is now trading at $50.83.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our MMP earnings forecast.

Magellan Midstream Partners, L.P. (NYSE:MMP) released its quarterly earnings results on Tuesday, November, 2nd. The pipeline company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.12. The pipeline company earned $639.05 million during the quarter, compared to analysts' expectations of $648.14 million. Magellan Midstream Partners had a net margin of 34.33% and a trailing twelve-month return on equity of 51.99%. During the same period in the previous year, the business posted $0.97 earnings per share.

Magellan Midstream Partners declared a quarterly dividend on Friday, July 22nd. Shareholders of record on Friday, August 5th will be given a dividend of $1.0375 per share on Friday, August 12th. This represents a $4.15 dividend on an annualized basis and a dividend yield of 8.16%. The ex-dividend date of this dividend is Thursday, August 4th.
Read our dividend analysis for MMP.

Magellan Midstream Partners (NYSE:MMP) pays an annual dividend of $4.15 per share and currently has a dividend yield of 8.27%. 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 88.87%. 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 88.87% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for MMP.

Magellan Midstream Partners issued an update on its second quarter 2022 earnings guidance on Monday, May, 23rd. The company provided earnings per share (EPS) guidance of $1.12-$1.12 for the period, compared to the consensus EPS estimate of $1.01. The company issued revenue guidance of -.

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).

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

Magellan Midstream Partners' stock is owned by a variety of retail and institutional investors. Top institutional investors include Alps Advisors Inc. (6.25%), Tortoise Capital Advisors L.L.C. (1.91%), UBS Group AG (1.48%), Mirae Asset Global Investments Co. Ltd. (1.44%), Chickasaw Capital Management LLC (1.43%) and Clearbridge Investments LLC (1.37%). Insiders that own company stock include Chansoo Joung, James R Montague, Jeff R Selvidge, Jung Jennifer Fall, Lisa J Korner and Melanie A Little.
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Shares of MMP stock 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 $50.83.

Magellan Midstream Partners (NYSE:MMP) has a market capitalization of $10.56 billion and generates $2.73 billion in revenue each year. The pipeline company earns $982 million in net income (profit) each year or $4.67 on an earnings per share basis.

The company employs 1,715 workers across the globe.

Magellan Midstream Partners was founded in 2000.

Magellan Midstream Partners' mailing address is One Williams Center P.O. Box 22186, TULSA OK, 74121. The official website for the company is www.magellanlp.com. The pipeline company can be reached via phone at (918) 574-7000, via email at paula.farrell@magellanlp.com, or via fax at 302-655-5049.