Mplx Lp (NYSE:MPLX) Shares Purchased by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lifted its holdings in Mplx Lp (NYSE:MPLX) by 21.3% in the fourth quarter, Holdings Channel reports. The firm owned 32,659 shares of the pipeline company’s stock after buying an additional 5,743 shares during the period. Atria Wealth Solutions Inc.’s holdings in Mplx were worth $1,199,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MPLX. Raymond James & Associates boosted its position in shares of Mplx by 2.3% in the 3rd quarter. Raymond James & Associates now owns 363,397 shares of the pipeline company’s stock worth $12,926,000 after purchasing an additional 8,257 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Mplx by 4.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 473,693 shares of the pipeline company’s stock worth $16,849,000 after purchasing an additional 20,143 shares in the last quarter. Independent Advisor Alliance boosted its position in shares of Mplx by 405.7% in the 3rd quarter. Independent Advisor Alliance now owns 47,395 shares of the pipeline company’s stock worth $1,686,000 after purchasing an additional 38,022 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Mplx in the 3rd quarter worth $209,000. Finally, Brown Advisory Inc. acquired a new stake in shares of Mplx in the 3rd quarter worth $404,000. Institutional investors and hedge funds own 24.25% of the company’s stock.

Mplx Stock Performance

Shares of MPLX stock opened at $41.61 on Thursday. The stock has a market cap of $42.06 billion, a PE ratio of 10.92 and a beta of 1.35. The business has a 50-day simple moving average of $40.74 and a 200-day simple moving average of $38.13. The company has a quick ratio of 1.01, a current ratio of 1.07 and a debt-to-equity ratio of 1.52. Mplx Lp has a 52-week low of $33.12 and a 52-week high of $42.90.

Mplx (NYSE:MPLX) last issued its quarterly earnings data on Tuesday, April 30th. The pipeline company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.01). The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.89 billion. Mplx had a net margin of 34.82% and a return on equity of 31.85%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $0.91 EPS. On average, equities analysts expect that Mplx Lp will post 4.1 EPS for the current year.

Mplx Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Friday, May 3rd will be paid a $0.85 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $3.40 annualized dividend and a dividend yield of 8.17%. Mplx’s dividend payout ratio is presently 89.24%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MPLX. Raymond James lifted their price target on Mplx from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. UBS Group lifted their price target on Mplx from $46.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. StockNews.com cut Mplx from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Royal Bank of Canada lifted their price target on Mplx from $45.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Finally, Barclays lifted their price target on Mplx from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $44.57.

Mplx Profile

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products and renewables; and sale of residue gas and condensate.