Cheniere Energy (LNG) announced an increase in its 2017 adjusted EBITDA and distributable cash flow guidance in its 3Q17 earnings release.
Cheniere Energy (LNG) and its subsidiaries reported their 3Q17 earnings on November 14, 2017. Cheniere Energy’s revenue rose to $1.4 billion, a 201.7% YoY rise.
OFI SteelPath and Alps Advisors were the biggest buyers of BPL in 3Q17, with ~4.1 million and 1.2 million shares bought during the quarter, respectively.
Among the top institutional holders in WGP, ~1.3 million positions were added, which indicates a bullish sentiment toward the stock.
Tortoise Capital Advisors and Harvest Fund Advisors added major positions in ANDX in 3Q17, buying ~11.6 million and ~2.6 million shares, respectively.
The number of institutional holders in Spectra Energy Partners (SEP), owned by Enbridge (ENB), fell to 293 by the end of 3Q17, compared with 294 in 2Q17.
The number of holders in CQP fell to 136 in 3Q17, compared with 150 in 2Q17. But the percentage of total outstanding shares held by CQP improved to 64.0%.
Among the top institutional holders, 9.33 million positions were added in 3Q17, which indicates a bullish sentiment toward MPLX.
The number of institutional holders in Plains All American Pipeline fell to 445 by the end of the quarter, compared with 470 in 2Q17.
The number of institutional holders in Magellan Midstream Partners (MMP) had fallen to 669 by the end of 3Q17, compared with 673 in 2Q17.
The number of institutional holders in Energy Transfer Equity (ETE) decreased to 406 by the end of 3Q17, compared with 407 in the previous quarter.
The number of institutional holders in ETP rose to 562 by the end of the quarter, compared with 542 in 2Q17.
The number of holders in Williams Partners, the midstream MLP subsidiary of Williams Companies, fell to 340 in 3Q17, compared with 349 in 2Q17.
MLPs were weak for most of 3Q17. The Alerain MLP ETF (AMLP), which consists of 25 energy MLPs, lost 6.2% in 3Q17, despite strong gains in crude prices.
Andeavor Logistics (ANDX), the midstream MLP subsidiary of Andeavor (ANDV), saw two price target cuts last week, one from Barclays and one from Mizuho.
Plains All American Pipeline (PAA) is currently trading 3.9% below its 50-day SMA (simple moving average) and 21.9% below its 200-day SMA. That could indicate a bearish sentiment in the stock.
CSI Compressco (CCLP), a midstream MLP involved mainly in natural gas compression, was the biggest MLP gainer last week, which ended November 10, 2017.
EV Energy Partners (EVEP), an upstream MLP, was the biggest MLP loser last week, which ended on November 10, 2017. EVEP fell 25.5%.
Of the total 95 MLPs, 62 ended last week in the red, 30 ended in the green, and the remaining three ended flat. Energy Transfer Partners (ETP) fell 5.5%.
Cheniere Energy (LNG) has a “buy” rating from 80.0% of analysts surveyed by Reuters while the remaining 20.0% rate it a “hold” as of November 10.