$0.04 EPS Expected for Tencent Music Entertainment Group (TME); Evergreen Capital Management Has Cut Summit Midstream Partners LP (SMLP) Holding By $3.71 Million

Evergreen Capital Management Llc decreased Summit Midstream Partners Lp (SMLP) stake by 85.06% reported in 2018Q4 SEC filing. Evergreen Capital Management Llc sold 370,939 shares as Summit Midstream Partners Lp (SMLP)’s stock declined 15.32%. The Evergreen Capital Management Llc holds 65,175 shares with $655,000 value, down from 436,114 last quarter. Summit Midstream Partners Lp now has $774.27 million valuation. The stock decreased 2.27% or $0.24 during the last trading session, reaching $10.33. About 624,872 shares traded or 11.46% up from the average. Summit Midstream Partners, LP (NYSE:SMLP) has declined 39.46% since March 13, 2018 and is downtrending. It has underperformed by 43.83% the S&P500. Some Historical SMLP News: 16/03/2018 – Summit Midstream Partners Doesn’t Expect to Be Adversely Impacted by FERC Income Tax Announcement; 03/05/2018 – Summit Midstream Partners 1Q Rev $117.3M; 03/05/2018 – SUMMIT MIDSTREAM PARTNERS LP – QTRLY TOTAL REVENUE $117.3 MLN VS $135.8 MLN; 03/05/2018 – Summit Midstream Partners 1Q Loss/Shr 18c; 16/03/2018 Summit Midstream Partners, LP Responds to FERC Announcement; 16/03/2018 – SUMMIT MIDSTREAM PARTNERS DOESN’T SEE ADVERSE EFFECT ON FERC; 16/03/2018 – SUMMIT MIDSTREAM PARTNERS LP – SMLP DOES NOT EXPECT TO BE ADVERSELY IMPACTED BY YESTERDAY’S ANNOUNCEMENT FROM FERC; 03/05/2018 – SUMMIT MIDSTREAM PARTNERS LP – ON TARGET TO DELIVER ON ITS 2018 FINANCIAL GUIDANCE; 20/04/2018 – DJ Summit Midstream Partners LP, Inst Holders, 1Q 2018 (SMLP); 03/05/2018 – SUMMIT MIDSTREAM PARTNERS LP SMLP.N – QTRLY LOSS PER LIMITED PARTNER UNIT $0.18

Analysts expect Tencent Music Entertainment Group (NYSE:TME) to report $0.04 EPS on March, 19 after the close.TME’s profit would be $65.42M giving it 114.38 P/E if the $0.04 EPS is correct. The stock increased 2.23% or $0.4 during the last trading session, reaching $18.3. About 2.79 million shares traded. Tencent Music Entertainment Group (NYSE:TME) has 0.00% since March 13, 2018 and is . It has underperformed by 4.37% the S&P500.

Tencent Music Entertainment Group operates an online music entertainment platform that provides online music and music-centric social entertainment services in China. The company has market cap of $29.93 billion. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover and listen to music in personalized ways; and WeSing, which enables users to have fun by singing and interacting with friends, sharing their singing performances with friends, and discovering songs that others have sung. It has a 56.48 P/E ratio. The firm also operates Kugou Live and Kuwo Live that provides an interactive online stage for performers and users to showcase their talent and engage with those interested in their performance.

More notable recent Tencent Music Entertainment Group (NYSE:TME) news were published by: Nasdaq.com which released: “3 Retail Stocks That Are Sure Winners – Nasdaq” on March 06, 2019, also Nasdaq.com with their article: “3 Top Stocks Under $20 – Nasdaq” published on February 19, 2019, Streetinsider.com published: “Tiger Global Management Enters Elastic (ESTC), Tencent Music (TME); Adds to Facebook (FB), Lowers Amazon (AMZN), Liquidates Apple (AAPL) – 13F (more…) – StreetInsider.com” on February 14, 2019. More interesting news about Tencent Music Entertainment Group (NYSE:TME) were released by: Fool.com and their article: “NetEase Posts Another Quarter of Accelerating Sales Growth – Motley Fool” published on February 21, 2019 as well as Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For February 12, 2019 – Benzinga” with publication date: February 12, 2019.

More notable recent Summit Midstream Partners, LP (NYSE:SMLP) news were published by: Seekingalpha.com which released: “Summit Midstream Partners LP (SMLP) CEO Leonard Mallett on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” on February 26, 2019, also Fool.com with their article: “Why Units of Summit Midstream Partners Are Getting Crushed Today – Motley Fool” published on February 26, 2019, Prnewswire.com published: “Summit Midstream Partners, LP Announces Date Change for Fourth Quarter 2018 Earnings Release and Earnings Call – PRNewswire” on February 13, 2019. More interesting news about Summit Midstream Partners, LP (NYSE:SMLP) were released by: Fool.com and their article: “Exxon Mobil Now Sees an Even Bigger Gusher of Production Coming From the Permian Basin – The Motley Fool” published on March 06, 2019 as well as Globenewswire.com‘s news article titled: “Research Report Identifies Novavax, Zillow Group, Broadridge Financial Solutions, Summit Midstream Partners, LP, Primoris Services, and RE/MAX with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement – GlobeNewswire” with publication date: February 15, 2019.

Since September 17, 2018, it had 0 insider buys, and 4 selling transactions for $208,276 activity. Another trade for 400 shares valued at $6,400 was sold by Degeyter Brock M. $79,664 worth of Summit Midstream Partners, LP (NYSE:SMLP) shares were sold by Graves Brad N.

Among 3 analysts covering Summit Midstream Partners (NYSE:SMLP), 2 have Buy rating, 1 Sell and 0 Hold. Therefore 67% are positive. Summit Midstream Partners had 8 analyst reports since September 24, 2018 according to SRatingsIntel. Goldman Sachs upgraded Summit Midstream Partners, LP (NYSE:SMLP) on Tuesday, October 9 to “Buy” rating. As per Tuesday, March 12, the company rating was maintained by Barclays Capital. The firm has “Outperform” rating given on Tuesday, November 20 by Credit Suisse. On Monday, September 24 the stock rating was maintained by Wells Fargo with “Market Perform”.

Analysts await Summit Midstream Partners, LP (NYSE:SMLP) to report earnings on May, 2. They expect $0.23 earnings per share, up 91.67% or $0.11 from last year’s $0.12 per share. SMLP’s profit will be $17.24M for 11.23 P/E if the $0.23 EPS becomes a reality. After $0.39 actual earnings per share reported by Summit Midstream Partners, LP for the previous quarter, Wall Street now forecasts -41.03% negative EPS growth.

Investors sentiment decreased to 0.84 in 2018 Q4. Its down 0.24, from 1.08 in 2018Q3. It worsened, as 11 investors sold SMLP shares while 20 reduced holdings. 12 funds opened positions while 14 raised stakes. 28.59 million shares or 8.06% less from 31.09 million shares in 2018Q3 were reported. Texas-based Westwood Holdings Group has invested 0.05% in Summit Midstream Partners, LP (NYSE:SMLP). Raymond James & Associates reported 11,816 shares. Emory University owns 87,560 shares. Winslow Evans And Crocker Incorporated invested in 0.02% or 6,100 shares. Deutsche National Bank & Trust Ag accumulated 529 shares or 0% of the stock. Jane Street Group Ltd Co reported 90,849 shares. Tower Rech Capital Ltd Liability (Trc) has 0.01% invested in Summit Midstream Partners, LP (NYSE:SMLP) for 11,968 shares. Credit Suisse Ag stated it has 32,524 shares. Moreover, Van Eck Corporation has 0% invested in Summit Midstream Partners, LP (NYSE:SMLP) for 50,565 shares. Guggenheim Cap Llc owns 0.01% invested in Summit Midstream Partners, LP (NYSE:SMLP) for 137,298 shares. Rafferty Asset Mngmt Ltd Liability Com invested 0.03% of its portfolio in Summit Midstream Partners, LP (NYSE:SMLP). Spectrum Management Group owns 1,018 shares for 0% of their portfolio. Arrow Advsrs Lc reported 0.13% of its portfolio in Summit Midstream Partners, LP (NYSE:SMLP). Financial Bank Of Montreal Can holds 0% of its portfolio in Summit Midstream Partners, LP (NYSE:SMLP) for 5,273 shares. Goldman Sachs Group Inc has 1.45M shares for 0% of their portfolio.

Evergreen Capital Management Llc increased Dcp Midstream Lp (NYSE:DPM) stake by 204,436 shares to 279,311 valued at $7.40 million in 2018Q4. It also upped State Str Corp (NYSE:STT) stake by 17,665 shares and now owns 53,823 shares. Ssga Active Etf Tr was raised too.

Summit Midstream Partners, LP (NYSE:SMLP) Institutional Positions Chart