Trust Asset Management LLC Stake in Buckeye Partners LP (BPL) Has Boosted by $5.42 Million

April 17, 2018 - By Kenneth Lin

Buckeye Partners, L.P. (NYSE:BPL) LogoInvestors sentiment decreased to 0.57 in Q4 2017. Its down 0.43, from 1 in 2017Q3. It fall, as 48 investors sold BPL shares while 116 reduced holdings. 29 funds opened positions while 65 raised stakes. 98.68 million shares or 1.84% more from 96.89 million shares in 2017Q3 were reported. Trust Of Vermont stated it has 0% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). Qci Asset Mngmt Incorporated Ny invested in 400 shares. Washington-based Washington Retail Bank has invested 0% in Buckeye Partners, L.P. (NYSE:BPL). New York-based Capital One National Association has invested 0.02% in Buckeye Partners, L.P. (NYSE:BPL). Wealthtrust Axiom Limited Company reported 8,600 shares or 0.16% of all its holdings. Folger Nolan Fleming Douglas Cap Management reported 7,259 shares. Atlantic Tru Group Limited invested in 0.22% or 1.02 million shares. Benjamin F Edwards & Comm Inc holds 0% or 200 shares. Alps Advsrs has invested 4.18% in Buckeye Partners, L.P. (NYSE:BPL). 600 are owned by Country Tru Financial Bank. Enterprise Fincl accumulated 856 shares or 0.02% of the stock. First Allied Advisory Svcs owns 4,203 shares. 1,300 are held by Alphamark Limited Liability Company. Suntrust Banks owns 5,254 shares or 0% of their US portfolio. Duncker Streett And Inc stated it has 0.01% in Buckeye Partners, L.P. (NYSE:BPL).

Since March 9, 2018, it had 1 buy, and 1 sale for $445,244 activity. McKinley Mark C. bought 1,000 shares worth $38,463.

Trust Asset Management Llc increased its stake in Buckeye Partners Lp (BPL) by 45.55% based on its latest 2017Q4 regulatory filing with the SEC. Trust Asset Management Llc bought 110,600 shares as the company’s stock declined 21.81% with the market. The institutional investor held 353,422 shares of the natural gas distribution company at the end of 2017Q4, valued at $17.51 million, up from 242,822 at the end of the previous reported quarter. Trust Asset Management Llc who had been investing in Buckeye Partners Lp for a number of months, seems to be bullish on the $6.40B market cap company. The stock increased 1.88% or $0.77 during the last trading session, reaching $41.76. About 1.26 million shares traded or 27.22% up from the average. Buckeye Partners, L.P. (NYSE:BPL) has declined 43.06% since April 17, 2017 and is downtrending. It has underperformed by 54.61% the S&P500.

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

Among 13 analysts covering Buckeye Partners LP (NYSE:BPL), 4 have Buy rating, 1 Sell and 8 Hold. Therefore 31% are positive. Buckeye Partners LP had 19 analyst reports since November 3, 2017 according to SRatingsIntel. Mizuho maintained it with “Hold” rating and $55.0 target in Friday, February 9 report. The stock of Buckeye Partners, L.P. (NYSE:BPL) earned “Hold” rating by SunTrust on Friday, November 3. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, November 6. The firm has “Equal-Weight” rating given on Thursday, April 5 by Barclays Capital. On Friday, March 23 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. As per Thursday, January 4, the company rating was downgraded by U.S. Capital Advisors. The stock has “Hold” rating by RBC Capital Markets on Wednesday, February 14. Mizuho maintained the stock with “Hold” rating in Sunday, November 5 report. The firm earned “Hold” rating on Wednesday, November 8 by RBC Capital Markets. The rating was maintained by JP Morgan with “Neutral” on Tuesday, March 13.

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

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