Summit Midstream Partners, LP (NYSE:SMLP) Shares Sold by AEGON USA Investment Management LLC

AEGON USA Investment Management LLC reduced its position in Summit Midstream Partners, LP (NYSE:SMLP) by 34.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,124 shares of the pipeline company’s stock after selling 4,195 shares during the quarter. Summit Midstream Partners makes up approximately 0.2% of AEGON USA Investment Management LLC’s portfolio, making the stock its 26th biggest position. AEGON USA Investment Management LLC owned 0.08% of Summit Midstream Partners worth $289,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Tower Research Capital LLC TRC acquired a new stake in shares of Summit Midstream Partners in the fourth quarter valued at $48,000. Pekin Hardy Strauss Inc. purchased a new position in shares of Summit Midstream Partners in the 4th quarter valued at about $232,000. Finally, Cetera Advisors LLC grew its position in shares of Summit Midstream Partners by 3.5% during the first quarter. Cetera Advisors LLC now owns 13,420 shares of the pipeline company’s stock worth $377,000 after buying an additional 450 shares in the last quarter. 42.97% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Summit Midstream Partners in a research note on Friday, August 16th. They issued a “strong-buy” rating for the company.

Summit Midstream Partners Stock Up 3.7 %

Shares of Summit Midstream Partners stock traded up $1.34 during trading on Thursday, hitting $38.05. 74,800 shares of the stock were exchanged, compared to its average volume of 41,874. The stock has a market cap of $396.33 million, a price-to-earnings ratio of 5.31 and a beta of 2.41. The firm’s 50-day moving average price is $36.27 and its 200 day moving average price is $29.70. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.64 and a quick ratio of 2.64. Summit Midstream Partners, LP has a 12-month low of $13.00 and a 12-month high of $38.05.

About Summit Midstream Partners

Summit Midstream Partners, LP focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. The company provides natural gas gathering, compression, treating, and processing services, as well as crude oil and produced water gathering and freshwater delivery services.