Arrow Investment Advisors LLC decreased its stake in shares of Crestwood Equity Partners LP (NYSE:CEQP) by 14.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,320 shares of the pipeline company’s stock after selling 4,800 shares during the period. Crestwood Equity Partners comprises about 0.2% of Arrow Investment Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. Arrow Investment Advisors LLC’s holdings in Crestwood Equity Partners were worth $756,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Alliancebernstein L.P. lifted its position in shares of Crestwood Equity Partners by 5.9% during the second quarter. Alliancebernstein L.P. now owns 12,436 shares of the pipeline company’s stock worth $292,000 after purchasing an additional 696 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Crestwood Equity Partners by 3.0% during the third quarter. California Public Employees Retirement System now owns 118,177 shares of the pipeline company’s stock worth $2,884,000 after purchasing an additional 3,425 shares during the last quarter. BNP Paribas Arbitrage SA bought a new position in shares of Crestwood Equity Partners during the third quarter worth about $106,000. Paragon Capital Management Ltd lifted its position in shares of Crestwood Equity Partners by 41.0% during the fourth quarter. Paragon Capital Management Ltd now owns 17,200 shares of the pipeline company’s stock worth $444,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Green Square Capital LLC bought a new position in shares of Crestwood Equity Partners during the third quarter worth about $201,000. 64.44% of the stock is currently owned by institutional investors and hedge funds.
In other Crestwood Equity Partners news, CFO Robert Thornbury Halpin III bought 3,500 shares of the business’s stock in a transaction on Monday, February 26th. The shares were purchased at an average price of $27.50 per share, with a total value of $96,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 36.20% of the company’s stock.
Crestwood Equity Partners LP (CEQP) opened at $26.90 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.94 and a debt-to-equity ratio of 0.91. Crestwood Equity Partners LP has a twelve month low of $20.00 and a twelve month high of $29.25. The stock has a market cap of $1,890.00, a PE ratio of -7.41 and a beta of 2.47.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, February 7th were issued a $0.60 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $2.40 dividend on an annualized basis and a yield of 8.92%. Crestwood Equity Partners’s dividend payout ratio is currently -66.12%.
COPYRIGHT VIOLATION WARNING: This article was posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/3224782/crestwood-equity-partners-lp-ceqp-shares-sold-by-arrow-investment-advisors-llc.html.
Crestwood Equity Partners Company Profile
Crestwood Equity Partners LP is a holding company and a master limited partnership (MLP). The Company develops, acquires, owns or controls, and operates assets and operations within the energy midstream sector. The Company’s segments include gathering and processing (G&P), which includes its natural gas, crude oil and produced water G&P operations; storage and transportation, which includes its natural gas and crude oil storage and transportation operations, and marketing, supply and logistics, which includes its natural gas liquid (NGL) supply and logistics business, crude oil storage and rail loading facilities and fleet, and salt production business.
Want to see what other hedge funds are holding CEQP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Crestwood Equity Partners LP (NYSE:CEQP).
Receive News & Ratings for Crestwood Equity Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crestwood Equity Partners and related companies with MarketBeat.com's FREE daily email newsletter.