Southcross Energy Partners, L.P. (NYSE:SXE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Southcross Energy, LLC provides natural gas gathering, processing, treating, compression and transportation services and NGL fractionation and transportation services. It also sources, purchases, transports and sells natural gas and NGLs to its power generation, industrial and utility customers. The Company’s services include connecting producing wells to pipeline gathering systems; processes and treats gas for pipeline transportation and commercial use; transports gas to end-users and pipeline interconnects; and purchase and sale of gas. Its assets are located in South Texas, Mississippi and Alabama. Southcross Energy, LLC is based in Dallas, Texas. “

Separately, ValuEngine cut Southcross Energy Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Friday, September 1st.

Southcross Energy Partners, L.P. (NYSE SXE) remained flat at $2.35 during midday trading on Wednesday. 37,538 shares of the company’s stock were exchanged. Southcross Energy Partners, L.P. has a 12-month low of $1.10 and a 12-month high of $4.74. The firm’s market cap is $184.43 million. The stock’s 50 day moving average price is $2.32 and its 200-day moving average price is $3.15.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SXE. Goldman Sachs Group Inc. bought a new stake in Southcross Energy Partners, L.P. during the second quarter worth $172,000. KCG Holdings Inc. lifted its stake in Southcross Energy Partners, L.P. by 601.4% during the first quarter. KCG Holdings Inc. now owns 74,781 shares of the energy company’s stock worth $260,000 after purchasing an additional 64,120 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Southcross Energy Partners, L.P. by 3,967.3% during the second quarter. Acadian Asset Management LLC now owns 166,151 shares of the energy company’s stock worth $526,000 after purchasing an additional 162,066 shares during the last quarter. Freestone Capital Holdings LLC lifted its stake in Southcross Energy Partners, L.P. by 71.4% during the second quarter. Freestone Capital Holdings LLC now owns 311,688 shares of the energy company’s stock worth $988,000 after purchasing an additional 129,870 shares during the last quarter. Finally, Morgan Stanley lifted its stake in Southcross Energy Partners, L.P. by 67.1% during the first quarter. Morgan Stanley now owns 388,854 shares of the energy company’s stock worth $1,352,000 after purchasing an additional 156,096 shares during the last quarter. Hedge funds and other institutional investors own 2.47% of the company’s stock.

Southcross Energy Partners, L.P. Company Profile

Southcross Energy Partners, L.P. provides natural gas gathering, processing, treating, compression and transportation services and natural gas liquid (NGL) fractionation and transportation services. The Company also sources, purchases, transports and sells natural gas and NGLs. Its assets are located in South Texas, Mississippi and Alabama As of December 31, 2016, its assets consisted of gathering systems, intrastate pipelines, two natural gas processing plants, one fractionation facility, 20 compressor stations and a treating system.

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