Chickasaw Capital Management Has Increased Semgroup Cl A (SEMG) Stake; ADTRAN, Inc. (ADTN) Covered By 6 Bulls

February 15, 2018 - By Michael Collier

Chickasaw Capital Management Llc increased Semgroup Corp Cl A (SEMG) stake by 17.91% reported in 2017Q3 SEC filing. Chickasaw Capital Management Llc acquired 1.20 million shares as Semgroup Corp Cl A (SEMG)’s stock declined 17.35%. The Chickasaw Capital Management Llc holds 7.93 million shares with $227.93M value, up from 6.72 million last quarter. Semgroup Corp Cl A now has $2.13B valuation. The stock decreased 0.18% or $0.05 during the last trading session, reaching $27. About 16,028 shares traded. SemGroup Corporation (NYSE:SEMG) has risen 7.33% since February 15, 2017 and is uptrending. It has underperformed by 9.37% the S&P500.

Among 10 analysts covering Adtran Inc. (NASDAQ:ADTN), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Adtran Inc. had 32 analyst reports since September 9, 2015 according to SRatingsIntel. On Wednesday, October 4 the stock rating was maintained by Jefferies with “Hold”. The rating was maintained by Cowen & Co with “Hold” on Friday, December 29. As per Monday, October 31, the company rating was upgraded by Northland Capital. The firm has “Buy” rating by Drexel Hamilton given on Friday, January 15. Stifel Nicolaus upgraded the shares of ADTN in report on Friday, January 8 to “Buy” rating. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, January 16. Northland Capital initiated it with “Outperform” rating and $20 target in Wednesday, September 30 report. The firm earned “Buy” rating on Thursday, January 7 by M Partners. The rating was maintained by Jefferies with “Hold” on Wednesday, January 17. Needham maintained it with “Buy” rating and $26.0 target in Wednesday, October 18 report. See ADTRAN, Inc. (NASDAQ:ADTN) latest ratings:

18/01/2018 Broker: Northland Capital Rating: Buy New Target: $23.0 Maintain
17/01/2018 Broker: Jefferies Rating: Hold New Target: $17.25 Maintain
16/01/2018 Broker: Goldman Sachs Old Rating: Sell New Rating: Neutral Upgrade
12/01/2018 Broker: Needham Rating: Buy New Target: $22.0 Maintain
29/12/2017 Broker: Cowen & Co Rating: Hold New Target: $16.0 Maintain
29/12/2017 Broker: M Partners Rating: Buy New Target: $25.0
18/10/2017 Broker: Needham Rating: Buy New Target: $26.0 Maintain
18/10/2017 Broker: Northland Capital Rating: Buy New Target: $28.0 Maintain
04/10/2017 Broker: Jefferies Rating: Hold New Target: $20.5 Maintain
05/09/2017 Broker: Northland Capital Rating: Buy New Target: $28.0 Maintain

Investors sentiment increased to 1.15 in 2017 Q3. Its up 0.04, from 1.11 in 2017Q2. It improved, as 30 investors sold SEMG shares while 37 reduced holdings. 21 funds opened positions while 56 raised stakes. 75.87 million shares or 9.74% more from 69.13 million shares in 2017Q2 were reported. Ameritas Partners invested 0.01% of its portfolio in SemGroup Corporation (NYSE:SEMG). Barclays Public Limited has invested 0% in SemGroup Corporation (NYSE:SEMG). Paloma Prtnrs Mgmt holds 47,788 shares. Par Capital reported 0.29% of its portfolio in SemGroup Corporation (NYSE:SEMG). Price T Rowe Associate Md has 0% invested in SemGroup Corporation (NYSE:SEMG). Cohen And Steers Incorporated reported 6,828 shares or 0% of all its holdings. Macquarie Grp Ltd stated it has 19,500 shares or 0% of all its holdings. Us State Bank De owns 25,665 shares for 0% of their portfolio. Pnc Fincl Svcs stated it has 5,570 shares or 0% of all its holdings. Highland Cap Lp invested 0.6% of its portfolio in SemGroup Corporation (NYSE:SEMG). Alps Advsrs owns 243,074 shares or 0.05% of their US portfolio. State Bank Of America Corp De holds 71,070 shares. Great West Life Assurance Company Can stated it has 0% of its portfolio in SemGroup Corporation (NYSE:SEMG). Comerica Bankshares reported 0% in SemGroup Corporation (NYSE:SEMG). Granite Point Management Limited Partnership has invested 0.15% of its portfolio in SemGroup Corporation (NYSE:SEMG).

Chickasaw Capital Management Llc decreased Enlink Midstream Llc (NYSE:ENLC) stake by 213,417 shares to 15.44M valued at $266.39M in 2017Q3. It also reduced Dominion Energy Midstream Part (NYSE:DM) stake by 114,360 shares and now owns 5.38M shares. Alps Etf Tr Alerian Mlp (AMLP) was reduced too.

Among 11 analysts covering SemGroup (NYSE:SEMG), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. SemGroup had 32 analyst reports since August 10, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Raymond James on Thursday, September 10. The firm earned “Outperform” rating on Thursday, June 22 by RBC Capital Markets. RBC Capital Markets maintained the shares of SEMG in report on Tuesday, May 10 with “Outperform” rating. The stock of SemGroup Corporation (NYSE:SEMG) has “Hold” rating given on Thursday, January 4 by U.S. Capital Advisors. RBC Capital Markets maintained the stock with “Buy” rating in Sunday, November 5 report. The rating was maintained by UBS on Monday, June 12 with “Buy”. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, August 10. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, November 14. UBS maintained SemGroup Corporation (NYSE:SEMG) rating on Tuesday, August 2. UBS has “Buy” rating and $39 target. UBS maintained it with “Buy” rating and $31 target in Monday, November 13 report.

Investors sentiment increased to 1.52 in Q3 2017. Its up 0.36, from 1.16 in 2017Q2. It is positive, as 11 investors sold ADTRAN, Inc. shares while 45 reduced holdings. 35 funds opened positions while 50 raised stakes. 42.82 million shares or 3.18% more from 41.50 million shares in 2017Q2 were reported. The California-based Fuller Thaler Asset Mgmt Inc has invested 0.82% in ADTRAN, Inc. (NASDAQ:ADTN). Pacad Ltd stated it has 4,300 shares. California State Teachers Retirement System stated it has 77,635 shares or 0% of all its holdings. Leucadia National Corporation has 0.02% invested in ADTRAN, Inc. (NASDAQ:ADTN). Schwab Charles Invest Management holds 0.01% of its portfolio in ADTRAN, Inc. (NASDAQ:ADTN) for 431,680 shares. Two Sigma Secs Ltd Co holds 0.02% or 11,356 shares in its portfolio. Kbc Grp Nv owns 51,535 shares. Bancorp Of America Corporation De holds 0% of its portfolio in ADTRAN, Inc. (NASDAQ:ADTN) for 739,112 shares. Fil Limited reported 0.08% stake. State Of Alaska Department Of Revenue, Alaska-based fund reported 9,564 shares. Moreover, Sg Americas Secs has 0% invested in ADTRAN, Inc. (NASDAQ:ADTN) for 7,932 shares. Nj State Employees Deferred Compensation Plan invested in 10,000 shares or 0.04% of the stock. Public Sector Pension Invest Board has invested 0% in ADTRAN, Inc. (NASDAQ:ADTN). Chicago Equity Partners Ltd Liability Corporation owns 44,450 shares. Clarivest Asset Mgmt owns 21,260 shares for 0.01% of their portfolio.

Since October 20, 2017, it had 0 insider purchases, and 2 sales for $1.25 million activity. 9,809 shares valued at $211,825 were sold by Heering Kevin P. on Monday, October 23. Schansman Raymond R had sold 48,056 shares worth $1.04 million on Friday, October 20.

ADTRAN, Inc. provides networking and communications equipment worldwide. The company has market cap of $793.27 million. The firm operates through two divisions, Network Solutions and Services & Support. It has a 33.62 P/E ratio. It offers access and aggregation solutions, including fiber to the premises and fiber to the node multi-service access nodes (MSAN); fiber aggregation and FTTN MSAN; fiber to the distribution point optical network units; optical line terminals; fiber access network elements; optical networking edge aggregation; and IP digital subscriber line access multiplexers.

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