Arrowstreet Capital Limited Partnership bought a new position in Crestwood Equity Partners LP (NYSE:CEQP) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 24,390 shares of the pipeline company’s stock, valued at approximately $629,000.
Several other large investors also recently bought and sold shares of the company. BNP Paribas Arbitrage SA purchased a new position in Crestwood Equity Partners during the 3rd quarter valued at about $106,000. Green Square Capital LLC purchased a new position in Crestwood Equity Partners during the 3rd quarter valued at about $201,000. Raymond James Financial Services Advisors Inc. purchased a new position in Crestwood Equity Partners during the 4th quarter valued at about $279,000. BlackRock Inc. lifted its position in Crestwood Equity Partners by 223.8% during the 4th quarter. BlackRock Inc. now owns 12,226 shares of the pipeline company’s stock valued at $315,000 after acquiring an additional 8,450 shares during the period. Finally, Allianz Asset Management GmbH purchased a new position in Crestwood Equity Partners during the 3rd quarter valued at about $359,000. 65.64% of the stock is owned by hedge funds and other institutional investors.
In other news, CFO Robert Thornbury Halpin III acquired 3,500 shares of Crestwood Equity Partners stock in a transaction on Monday, February 26th. The stock was acquired at an average cost of $27.50 per share, for a total transaction of $96,250.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 36.20% of the stock is currently owned by company insiders.
Shares of Crestwood Equity Partners LP (CEQP) opened at $27.20 on Wednesday. The firm has a market cap of $1,910.00, a PE ratio of -7.58 and a beta of 2.37. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.91 and a current ratio of 1.05. Crestwood Equity Partners LP has a 12 month low of $20.00 and a 12 month high of $29.25.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, February 7th were paid a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 6th. This represents a $2.40 dividend on an annualized basis and a yield of 8.82%. Crestwood Equity Partners’s dividend payout ratio is currently -66.85%.
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Crestwood Equity Partners 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.
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