Advisors Asset Management Inc. lifted its position in shares of Semgroup Corporation (NYSE:SEMG) by 23.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 785,929 shares of the pipeline company’s stock after buying an additional 148,104 shares during the period. Advisors Asset Management Inc. owned about 1.19% of Semgroup Corporation worth $22,595,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. IHT Wealth Management LLC purchased a new position in Semgroup Corporation in the 2nd quarter worth approximately $119,000. Amalgamated Bank increased its stake in Semgroup Corporation by 0.8% in the 2nd quarter. Amalgamated Bank now owns 8,378 shares of the pipeline company’s stock worth $226,000 after purchasing an additional 65 shares during the period. Trexquant Investment LP purchased a new position in Semgroup Corporation in the 2nd quarter worth approximately $227,000. KCG Holdings Inc. purchased a new position in Semgroup Corporation in the 1st quarter worth approximately $308,000. Finally, BNP Paribas Arbitrage SA increased its stake in Semgroup Corporation by 537.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,114 shares of the pipeline company’s stock worth $246,000 after purchasing an additional 7,684 shares during the period. 92.28% of the stock is currently owned by institutional investors.
SEMG has been the topic of a number of analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $33.00 price target on shares of Semgroup Corporation in a research note on Tuesday, August 29th. BidaskClub raised Semgroup Corporation from a “sell” rating to a “hold” rating in a research note on Friday, September 8th. SunTrust Banks, Inc. set a $29.00 price target on Semgroup Corporation and gave the stock a “buy” rating in a research note on Friday, November 10th. Finally, Zacks Investment Research raised Semgroup Corporation from a “sell” rating to a “hold” rating and set a $29.00 price target on the stock in a research note on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $32.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 20th will be given a $0.45 dividend. The ex-dividend date is Friday, November 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.04%. Semgroup Corporation’s dividend payout ratio is currently -2,250.00%.
About Semgroup Corporation
Want to see what other hedge funds are holding SEMG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Semgroup Corporation (NYSE:SEMG).
Receive News & Ratings for Semgroup Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Semgroup Corporation and related companies with MarketBeat.com's FREE daily email newsletter.