NYSE:MMP - Magellan Midstream Partners Stock Price, Price Target & More

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

Magellan Midstream Partners announced a quarterly dividend on Friday, April 27th. Shareholders of record on Sunday, August 5th will be paid a dividend of $0.9375 per share on Tuesday, May 15th. This represents a $3.75 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date is Monday, May 7th. This is an increase from Magellan Midstream Partners's previous quarterly dividend of $0.92. View Magellan Midstream Partners' Dividend History.

Magellan Midstream Partners, L.P. (NYSE:MMP) released its quarterly earnings data on Thursday, May, 3rd. The pipeline company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. The pipeline company earned $679 million during the quarter, compared to analysts' expectations of $669.70 million. Magellan Midstream Partners had a net margin of 33.71% and a return on equity of 41.57%. The firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 EPS. View Magellan Midstream Partners' Earnings History.

14 brokers have issued 1 year target prices for Magellan Midstream Partners' stock. Their forecasts range from $66.00 to $82.00. On average, they anticipate Magellan Midstream Partners' stock price to reach $73.6667 in the next twelve months. View Analyst Ratings for Magellan Midstream Partners.

Some companies that are related to Magellan Midstream Partners include Enbridge (ENB), Mplx (MPLX), Energy Transfer Partners (ETP), Plains All American Pipeline (PAA), Andeavor Logistics (ANDX), Phillips 66 Partners (PSXP), Buckeye Partners (BPL), Shell Midstream Partners (SHLX), Plains GP (PAGP), Enbridge Energy Partners (EEP), Holly Energy Partners (HEP), Valero Energy Partners (VLP), BP Midstream Partners (BPMP), NuStar Energy (NS) and Noble Midstream Partners (NBLX).

Media stories about MMP stock have trended somewhat positive on Monday, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Magellan Midstream Partners earned a media sentiment score of 0.20 on Accern's scale. They also assigned news articles about the pipeline company an impact score of 46.10 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.

Magellan Midstream Partners' stock is owned by a number of of institutional and retail investors. Top institutional investors include Alps Advisors Inc. (6.45%), Tortoise Capital Advisors L.L.C. (6.42%), Tortoise Capital Advisors L.L.C. (6.42%), OppenheimerFunds Inc. (5.63%), UBS Group AG (2.19%) and JPMorgan Chase & Co. (2.07%). Company insiders that own Magellan Midstream Partners stock include Douglas J May, Jeff R Selvidge, Lisa J Korner and Michael N Mears. View Institutional Ownership Trends for Magellan Midstream Partners.

MMP stock was sold by a variety of institutional investors in the last quarter, including Hsbc Holdings PLC, Atlantic Trust Group LLC, Alps Advisors Inc., Eagle Global Advisors LLC, Hilton Capital Management LLC, Nuveen Asset Management LLC, PNC Financial Services Group Inc. and Guggenheim Capital LLC. Company insiders that have sold Magellan Midstream Partners company stock in the last year include Jeff R Selvidge and Michael N Mears. View Insider Buying and Selling for Magellan Midstream Partners.

MMP stock was purchased by a variety of institutional investors in the last quarter, including Summit Trail Advisors LLC, UBS Group AG, Tortoise Capital Advisors L.L.C., Tortoise Capital Advisors L.L.C., Northwestern Mutual Investment Management Company LLC, Brookfield Asset Management Inc., Fort Washington Investment Advisors Inc. OH and JPMorgan Chase & Co.. View Insider Buying and Selling for Magellan Midstream Partners.

Shares of MMP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of MMP stock can currently be purchased for approximately $69.44.

Magellan Midstream Partners has a market capitalization of $15.56 billion and generates $2.51 billion in revenue each year. The pipeline company earns $869.53 million in net income (profit) each year or $3.81 on an earnings per share basis. Magellan Midstream Partners employs 1,802 workers across the globe.

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]