Crestwood Equity Partners LP (CEQP) Declares Quarterly Dividend of $0.14
Crestwood Equity Partners LP (NASDAQ:CEQP) declared a quarterly dividend on Thursday, October 24th, Analyst Ratings.Net reports. Shareholders of record on Thursday, November 7th will be given a dividend of $0.135 per share on Thursday, November 14th. This represents a $0.54 dividend on an annualized basis and a yield of 3.69%.
A number of research firms have recently commented on CEQP. Analysts at Zacks upgraded shares of Crestwood Equity Partners LP from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, October 17th. They now have a $17.00 price target on the stock. On a related note, analysts at Morgan Stanley initiated coverage on shares of Crestwood Equity Partners LP in a research note to investors on Friday, October 11th. They set an “overweight” rating on the stock. Finally, analysts at Wells Fargo & Co. initiated coverage on shares of Crestwood Equity Partners LP in a research note to investors on Friday, October 11th. They set an “outperform” rating on the stock.
Crestwood Equity Partners LP (NASDAQ:CEQP) traded down 1.92% during mid-day trading on Friday, hitting $14.34. 91,301 shares of the company’s stock traded hands. The stock’s 50-day moving average is $0. and its 200-day moving average is $0.. The company has a market cap of $2.454 billion and a P/E ratio of 43.64.
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