Samson Capital Management Has Cut Its Magellan Midstream Prtnrs LP (MMP) Stake; Intact Investment Management Decreased Its Stantec (STN) Position

August 4, 2017 - By Michael Collier

Intact Investment Management Inc decreased Stantec Inc (STN) stake by 71.23% reported in 2016Q4 SEC filing. Intact Investment Management Inc sold 274,600 shares as Stantec Inc (STN)’s stock declined 16.73%. The Intact Investment Management Inc holds 110,900 shares with $3.75 million value, down from 385,500 last quarter. Stantec Inc now has $2.82B valuation. The stock declined 0.20% or $0.05 reaching $24.75 per share. About 4,407 shares traded. Stantec Inc. (USA) (NYSE:STN) has declined 7.10% since August 4, 2016 and is downtrending. It has underperformed by 23.80% the S&P500.

Samson Capital Management Llc decreased Magellan Midstream Prtnrs Lp (MMP) stake by 2.66% reported in 2016Q4 SEC filing. Samson Capital Management Llc sold 6,182 shares as Magellan Midstream Prtnrs Lp (MMP)’s stock declined 7.68%. The Samson Capital Management Llc holds 226,396 shares with $17.12M value, down from 232,578 last quarter. Magellan Midstream Prtnrs Lp now has $15.83 billion valuation. The stock declined 0.94% or $0.66 reaching $69.43 per share. About 261,896 shares traded. Magellan Midstream Partners, L.P. (NYSE:MMP) has risen 3.55% since August 4, 2016 and is uptrending. It has underperformed by 13.15% the S&P500.

Investors sentiment decreased to 0.81 in Q4 2016. Its down 0.38, from 1.19 in 2016Q3. It dived, as 38 investors sold MMP shares while 169 reduced holdings. 41 funds opened positions while 127 raised stakes. 134.82 million shares or 3.13% less from 139.16 million shares in 2016Q3 were reported. 4,720 are owned by Advisory Service Inc. Walnut Private Equity Prns Ltd Co has invested 12.4% in Magellan Midstream Partners, L.P. (NYSE:MMP). Maryland Capital Mgmt invested in 0.07% or 5,950 shares. Bradley Foster And Sargent Ct reported 293,505 shares or 0.94% of all its holdings. Syntal Cap Prns Ltd Co invested in 5,374 shares or 0.38% of the stock. Segall Bryant And Hamill Ltd Liability Com invested in 0.06% or 31,141 shares. Davis R M stated it has 8,448 shares or 0.03% of all its holdings. Gradient Invests Llc reported 1,253 shares stake. Fiera Cap reported 0.03% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Solaris Asset Management Ltd Limited Liability Company has 10,400 shares. Cetera Advisor Ltd Liability Corporation, a California-based fund reported 14,657 shares. Metropolitan Life Insur holds 368,000 shares or 0.2% of its portfolio. 9,200 are held by Hourglass Cap Limited Liability Corp. Sequoia Advsrs Ltd Liability Com holds 0.04% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP) for 3,658 shares. Eaton Vance Management invested in 12,861 shares.

Since February 8, 2017, it had 0 insider buys, and 3 selling transactions for $1.79 million activity. Korner Lisa J had sold 10,000 shares worth $786,700 on Wednesday, February 8. $400,000 worth of Magellan Midstream Partners, L.P. (NYSE:MMP) was sold by Selvidge Jeff R on Monday, February 13. On Wednesday, May 24 May Douglas J sold $600,000 worth of Magellan Midstream Partners, L.P. (NYSE:MMP) or 8,000 shares.

Among 20 analysts covering Magellan Midstream Partners L.P. (NYSE:MMP), 9 have Buy rating, 2 Sell and 9 Hold. Therefore 45% are positive. Magellan Midstream Partners L.P. had 46 analyst reports since August 7, 2015 according to SRatingsIntel. The company was upgraded on Friday, August 7 by Credit Suisse. Ladenburg Thalmann initiated Magellan Midstream Partners, L.P. (NYSE:MMP) on Wednesday, July 13 with “Buy” rating. As per Monday, August 10, the company rating was upgraded by Credit Suisse. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) earned “Outperform” rating by RBC Capital Markets on Wednesday, November 4. The stock has “Strong Buy” rating by Raymond James on Monday, January 4. The rating was maintained by Citigroup with “Buy” on Friday, August 7. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, February 25. The firm has “Neutral” rating given on Friday, April 21 by Macquarie Research. Raymond James downgraded it to “Outperform” rating and $80 target in Thursday, January 12 report. As per Tuesday, June 14, the company rating was initiated by Seaport Global.

Analysts await Stantec Inc. (USA) (NYSE:STN) to report earnings on August, 9 before the open. They expect $0.35 EPS, up 25.00% or $0.07 from last year’s $0.28 per share. STN’s profit will be $39.88 million for 17.68 P/E if the $0.35 EPS becomes a reality. After $0.30 actual EPS reported by Stantec Inc. (USA) for the previous quarter, Wall Street now forecasts 16.67% EPS growth.

Among 6 analysts covering Stantec (NYSE:STN), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Stantec had 15 analyst reports since July 22, 2015 according to SRatingsIntel. The company was downgraded on Thursday, April 14 by DA Davidson. RBC Capital Markets downgraded it to “Sector Perform” rating and $40 target in Wednesday, July 22 report. TD Securities maintained Stantec Inc. (USA) (NYSE:STN) on Friday, August 7 with “Hold” rating. The firm has “Outperform” rating by Scotia Capital given on Friday, August 7. The rating was upgraded by Desjardins Securities on Monday, May 15 to “Buy”. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, November 6. The firm has “Outperform” rating given on Wednesday, August 17 by National Bank Canada. RBC Capital Markets maintained the shares of STN in report on Friday, August 7 with “Sector Perform” rating. As per Friday, May 12, the company rating was upgraded by Desjardins Securities. On Friday, May 13 the stock rating was upgraded by Raymond James to “Outperform”.

Investors sentiment increased to 1.24 in 2016 Q4. Its up 0.41, from 0.83 in 2016Q3. It is positive, as 7 investors sold STN shares while 30 reduced holdings. 9 funds opened positions while 37 raised stakes. 64.14 million shares or 3.40% more from 62.03 million shares in 2016Q3 were reported. Riverhead Cap Mngmt Ltd Llc reported 0% in Stantec Inc. (USA) (NYSE:STN). Invesco Ltd has invested 0% in Stantec Inc. (USA) (NYSE:STN). Fmr Ltd Co holds 0.02% or 4.83M shares. Great West Life Assurance Can holds 0.05% or 677,217 shares in its portfolio. Farmers And Merchants Invests owns 307 shares. Rock Point Advisors Limited Liability Com holds 142,642 shares. Tower Capital Ltd (Trc) stated it has 0% of its portfolio in Stantec Inc. (USA) (NYSE:STN). Aperio Gp Limited Liability holds 0% or 9,408 shares in its portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mgmt Corp holds 0.41% or 1.33 million shares. Water Asset Management Ltd accumulated 53,268 shares. Teachers Retirement Of The State Of Kentucky holds 0.12% of its portfolio in Stantec Inc. (USA) (NYSE:STN) for 364,400 shares. Parametric Port Associates Ltd Liability Corp owns 29,631 shares for 0% of their portfolio. Goldman Sachs holds 0% of its portfolio in Stantec Inc. (USA) (NYSE:STN) for 55,018 shares. Fincl Ser accumulated 0% or 74 shares. Barclays Public Limited accumulated 700 shares.