Southcross Energy Partners, L.P. (SXE) Stock Rating Lowered by Zacks Investment Research

Southcross Energy Partners, L.P. (NYSE:SXE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Southcross Energy, LLC provides natural gas gathering, processing, treating, compression and transportation services and NGL fractionation and transportation services. It also sources, purchases, transports and sells natural gas and NGLs to its power generation, industrial and utility customers. The Company’s services include connecting producing wells to pipeline gathering systems; processes and treats gas for pipeline transportation and commercial use; transports gas to end-users and pipeline interconnects; and purchase and sale of gas. Its assets are located in South Texas, Mississippi and Alabama. Southcross Energy, LLC is based in Dallas, Texas. “

Separately, ValuEngine lowered shares of Southcross Energy Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st.

TRADEMARK VIOLATION NOTICE: This piece of content was originally published by Stock Observer and is the property of of Stock Observer. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://www.thestockobserver.com/2017/10/13/southcross-energy-partners-l-p-sxe-stock-rating-lowered-by-zacks-investment-research.html.

Hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. bought a new stake in shares of Southcross Energy Partners, L.P. in the second quarter worth approximately $172,000. KCG Holdings Inc. grew its stake in shares of Southcross Energy Partners, L.P. by 601.4% in the first quarter. KCG Holdings Inc. now owns 74,781 shares of the energy company’s stock worth $260,000 after acquiring an additional 64,120 shares during the period. Acadian Asset Management LLC grew its stake in shares of Southcross Energy Partners, L.P. by 3,967.3% in the second quarter. Acadian Asset Management LLC now owns 166,151 shares of the energy company’s stock worth $526,000 after acquiring an additional 162,066 shares during the period. Freestone Capital Holdings LLC grew its stake in shares of Southcross Energy Partners, L.P. by 71.4% in the second quarter. Freestone Capital Holdings LLC now owns 311,688 shares of the energy company’s stock worth $988,000 after acquiring an additional 129,870 shares during the period. Finally, Morgan Stanley grew its stake in shares of Southcross Energy Partners, L.P. by 67.1% in the first quarter. Morgan Stanley now owns 388,854 shares of the energy company’s stock worth $1,352,000 after acquiring an additional 156,096 shares during the period. Hedge funds and other institutional investors own 2.47% of the company’s stock.

Southcross Energy Partners, L.P. Company Profile

Southcross Energy Partners, L.P. provides natural gas gathering, processing, treating, compression and transportation services and natural gas liquid (NGL) fractionation and transportation services. The Company also sources, purchases, transports and sells natural gas and NGLs. Its assets are located in South Texas, Mississippi and Alabama As of December 31, 2016, its assets consisted of gathering systems, intrastate pipelines, two natural gas processing plants, one fractionation facility, 20 compressor stations and a treating system.

Receive News & Ratings for Southcross Energy Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southcross Energy Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply