Credit Capital Investments LLC trimmed its position in Summit Midstream Partners, LP (NYSE:SMLP) by 15.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,720 shares of the pipeline company’s stock after selling 2,180 shares during the period. Summit Midstream Partners, comprises 0.4% of Credit Capital Investments LLC’s portfolio, making the stock its 29th biggest holding. Credit Capital Investments LLC’s holdings in Summit Midstream Partners, were worth $265,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Alliancebernstein L.P. grew its stake in shares of Summit Midstream Partners, by 5.9% during the 2nd quarter. Alliancebernstein L.P. now owns 10,004 shares of the pipeline company’s stock valued at $227,000 after purchasing an additional 560 shares during the period. Neuberger Berman Group LLC increased its position in shares of Summit Midstream Partners, by 4.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 24,739 shares of the pipeline company’s stock valued at $560,000 after purchasing an additional 989 shares during the last quarter. Solaris Asset Management LLC increased its position in shares of Summit Midstream Partners, by 32.7% during the 2nd quarter. Solaris Asset Management LLC now owns 5,275 shares of the pipeline company’s stock valued at $119,000 after purchasing an additional 1,300 shares during the last quarter. Global X Management Co. LLC increased its position in shares of Summit Midstream Partners, by 11.1% during the 2nd quarter. Global X Management Co. LLC now owns 15,157 shares of the pipeline company’s stock valued at $343,000 after purchasing an additional 1,514 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Summit Midstream Partners, by 2.8% during the 1st quarter. Van ECK Associates Corp now owns 68,796 shares of the pipeline company’s stock valued at $1,651,000 after purchasing an additional 1,861 shares during the last quarter. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Summit Midstream Partners, LP (NYSE SMLP) traded up 1.23% on Tuesday, hitting $20.55. The stock had a trading volume of 131,733 shares. Summit Midstream Partners, LP has a 52-week low of $19.15 and a 52-week high of $26.50. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 87.08 and a beta of 1.71. The company has a 50 day moving average price of $20.61 and a 200-day moving average price of $22.50.

Summit Midstream Partners, (NYSE:SMLP) last issued its earnings results on Thursday, August 3rd. The pipeline company reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.14. The firm had revenue of $101.79 million during the quarter, compared to analysts’ expectations of $99.40 million. Summit Midstream Partners, had a net margin of 5.78% and a return on equity of 3.55%. On average, equities research analysts predict that Summit Midstream Partners, LP will post $0.33 earnings per share for the current year.

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Several equities analysts have recently weighed in on SMLP shares. BidaskClub cut shares of Summit Midstream Partners, from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised shares of Summit Midstream Partners, from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Robert W. Baird cut their target price on shares of Summit Midstream Partners, from $28.00 to $27.00 and set an “outperform” rating for the company in a research report on Friday, August 11th. Royal Bank Of Canada restated a “buy” rating and set a $28.00 target price on shares of Summit Midstream Partners, in a research report on Tuesday, June 6th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $24.00 target price (up from $22.00) on shares of Summit Midstream Partners, in a report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $26.17.

About Summit Midstream Partners,

Summit Midstream Partners, LP focuses on developing, owning and operating midstream energy infrastructure assets. The Company’s segments include the Utica Shale, which includes its ownership interest in Ohio Gathering, as well as Summit Utica; the Williston Basin, which includes Bison Midstream, Polar and Divide and Tioga Midstream; the Marcellus Shale, which includes Mountaineer Midstream; the Barnett Shale, which includes DFW Midstream Services LLC (DFW Midstream), and the Piceance Basin /DJ Basins, which includes Grand River and Niobrara G&P.

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Institutional Ownership by Quarter for Summit Midstream Partners, (NYSE:SMLP)

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