As Buckeye Partners LP (BPL) Stock Value Rose, Apollo Management Holdings LP Decreased by $24.77 Million Its Position

Buckeye Partners, L.P. (NYSE:BPL) LogoInvestors sentiment increased to 1.24 in Q1 2019. Its up 0.79, from 0.45 in 2018Q4. It improved, as 19 investors sold BPL shares while 48 reduced holdings. 30 funds opened positions while 53 raised stakes. 104.06 million shares or 2.64% more from 101.38 million shares in 2018Q4 were reported. 386,659 were reported by Wells Fargo & Mn. Huntington Bankshares reported 0% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). Sumitomo Mitsui Trust Hldgs stated it has 129,000 shares or 0% of all its holdings. Moreover, Susquehanna Intll Gp Ltd Liability Partnership has 0% invested in Buckeye Partners, L.P. (NYSE:BPL) for 82,113 shares. Moreover, Narwhal Cap Mngmt has 0.15% invested in Buckeye Partners, L.P. (NYSE:BPL) for 19,720 shares. Moors Cabot Inc has invested 0.11% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). 21,992 are held by Adams Asset Advsrs Ltd Liability Co. Gsa Capital Prtn Ltd Liability Partnership holds 0.02% in Buckeye Partners, L.P. (NYSE:BPL) or 6,980 shares. North Star Investment Corp reported 1,529 shares. Sfe Invest Counsel stated it has 0.11% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). Wesbanco Retail Bank Inc reported 0.03% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). Alps accumulated 14.49 million shares. First Trust Advsrs Limited Partnership owns 255,118 shares. Sigma Planning owns 0.01% invested in Buckeye Partners, L.P. (NYSE:BPL) for 6,480 shares. Cambridge Investment Advisors Incorporated owns 9,394 shares.

Apollo Management Holdings Lp decreased its stake in Buckeye Partners LP (BPL) by 85.26% based on its latest 2019Q1 regulatory filing with the SEC. Apollo Management Holdings Lp sold 728,600 shares as the company’s stock rose 24.57% . The institutional investor held 126,000 shares of the natural gas distribution company at the end of 2019Q1, valued at $4.29 million, down from 854,600 at the end of the previous reported quarter. Apollo Management Holdings Lp who had been investing in Buckeye Partners LP for a number of months, seems to be less bullish one the $6.32 billion market cap company. The stock increased 0.10% or $0.04 during the last trading session, reaching $41.21. About 1.60M shares traded or 3.74% up from the average. Buckeye Partners, L.P. (NYSE:BPL) has risen 21.27% since September 11, 2018 and is uptrending. It has outperformed by 21.27% the S&P500.

Apollo Management Holdings Lp, which manages about $8.93 billion US Long portfolio, upped its stake in Clearway Energy Inc by 3.60M shares to 3.96M shares, valued at $59.77M in 2019Q1, according to the filing. It also increased its holding in Spdr Ser Tr (FLRN) by 3.78 million shares in the quarter, for a total of 4.10M shares, and has risen its stake in Clearway Energy Inc.

Analysts await Buckeye Partners, L.P. (NYSE:BPL) to report earnings on November, 1. They expect $0.62 EPS, up 8.77 % or $0.05 from last year’s $0.57 per share. BPL’s profit will be $95.11 million for 16.62 P/E if the $0.62 EPS becomes a reality. After $0.58 actual EPS reported by Buckeye Partners, L.P. for the previous quarter, Wall Street now forecasts 6.90 % EPS growth.

More notable recent Buckeye Partners, L.P. (NYSE:BPL) news were published by: Finance.Yahoo.com which released: “Here’s What Hedge Funds Think About Buckeye Partners, L.P. (BPL) – Yahoo Finance” on April 24, 2019, also Seekingalpha.com with their article: “Market Advances, Midstream Unmoved – Seeking Alpha” published on September 08, 2019, Seekingalpha.com published: “Buckeye Partners: Improving Results, Worth Watching – Seeking Alpha” on March 15, 2019. More interesting news about Buckeye Partners, L.P. (NYSE:BPL) were released by: Globenewswire.com and their article: “Buckeye Partners Takes Additional Steps Toward Bi-Directional Laurel Service – GlobeNewswire” published on April 05, 2019 as well as Seekingalpha.com‘s news article titled: “Buckeye Partners declares $0.75 dividend – Seeking Alpha” with publication date: May 10, 2019.

Buckeye Partners, L.P. (NYSE:BPL) Ratings Coverage

Among 3 analysts covering Buckeye Partners (NYSE:BPL), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Buckeye Partners has $41.5000 highest and $40 lowest target. $41’s average target is -0.51% below currents $41.21 stock price. Buckeye Partners had 6 analyst reports since March 13, 2019 according to SRatingsIntel. The stock of Buckeye Partners, L.P. (NYSE:BPL) has “Neutral” rating given on Wednesday, May 15 by UBS. The company was maintained on Wednesday, March 13 by J.P. Morgan. Stifel Nicolaus downgraded it to “Hold” rating and $41.5000 target in Monday, May 13 report.

Buckeye Partners, L.P. (NYSE:BPL) Institutional Positions Chart

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