Southcross Energy Partners, L.P. (NYSE:SXE) was upgraded by investment analysts at Raymond James Financial, Inc. from an “underperform” rating to a “market perform” rating in a report issued on Thursday.

A number of other research analysts have also recently issued reports on SXE. Zacks Investment Research cut Southcross Energy Partners, L.P. from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. ValuEngine cut Southcross Energy Partners, L.P. from a “hold” rating to a “sell” rating in a report on Friday, September 1st.

COPYRIGHT VIOLATION WARNING: “Raymond James Financial, Inc. Upgrades Southcross Energy Partners, L.P. (SXE) to Market Perform” was first posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/11/02/raymond-james-financial-inc-upgrades-southcross-energy-partners-l-p-sxe-to-market-perform.html.

Hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. acquired a new stake in Southcross Energy Partners, L.P. in the second quarter worth about $172,000. KCG Holdings Inc. increased its position in Southcross Energy Partners, L.P. by 601.4% in 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 period. Acadian Asset Management LLC increased its position in Southcross Energy Partners, L.P. by 3,967.3% in 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 period. Freestone Capital Holdings LLC increased its position in Southcross Energy Partners, L.P. by 71.4% in 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 period. Finally, Morgan Stanley increased its position in Southcross Energy Partners, L.P. by 67.1% in 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 period. Hedge funds and other institutional investors own 2.54% 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.

Receive News & Ratings for Southcross Energy Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southcross Energy Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.