BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires Shares of 10,859 Summit Midstream Partners, LP (NYSE:SMLP)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Summit Midstream Partners, LP (NYSE:SMLP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,859 shares of the pipeline company’s stock, valued at approximately $386,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.10% of Summit Midstream Partners as of its most recent SEC filing.

Separately, Cetera Advisors LLC raised its holdings in Summit Midstream Partners by 3.5% in the 1st quarter. Cetera Advisors LLC now owns 13,420 shares of the pipeline company’s stock valued at $377,000 after acquiring an additional 450 shares during the period. Institutional investors own 42.97% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Summit Midstream Partners in a report on Sunday. They set a “strong-buy” rating for the company.

Summit Midstream Partners Stock Performance

SMLP opened at $38.05 on Wednesday. The company has a debt-to-equity ratio of 1.51, a current ratio of 2.64 and a quick ratio of 2.64. The business has a fifty day simple moving average of $36.84 and a 200 day simple moving average of $31.10. Summit Midstream Partners, LP has a 1 year low of $13.00 and a 1 year high of $38.05. The company has a market capitalization of $396.33 million, a PE ratio of 5.31 and a beta of 2.41.

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.