Broadway Wealth Solutions Inc. Invests $201,000 in USA Compression Partners LP (NYSE:USAC)

Broadway Wealth Solutions Inc. purchased a new stake in USA Compression Partners LP (NYSE:USAC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,546 shares of the oil and gas company’s stock, valued at approximately $201,000.

Several other large investors have also recently bought and sold shares of the stock. Strategic Financial Concepts LLC bought a new stake in shares of USA Compression Partners in the fourth quarter valued at approximately $333,000. Sanctuary Advisors LLC raised its stake in USA Compression Partners by 9.2% in the third quarter. Sanctuary Advisors LLC now owns 9,052 shares of the oil and gas company’s stock valued at $215,000 after purchasing an additional 766 shares in the last quarter. Raymond James Financial Inc. bought a new stake in USA Compression Partners during the fourth quarter worth about $13,905,000. Stifel Financial Corp bought a new position in USA Compression Partners in the 3rd quarter valued at about $210,000. Finally, Truist Financial Corp acquired a new position in shares of USA Compression Partners in the 4th quarter valued at approximately $2,428,000. 47.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on USAC shares. JPMorgan Chase & Co. lifted their price objective on shares of USA Compression Partners from $23.00 to $24.00 and gave the company an “underweight” rating in a research note on Tuesday, March 11th. Citigroup lifted their price target on USA Compression Partners from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Finally, Mizuho upped their price objective on USA Compression Partners from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $26.80.

USA Compression Partners Stock Up 0.2 %

Shares of USAC stock opened at $26.94 on Friday. USA Compression Partners LP has a twelve month low of $21.06 and a twelve month high of $30.10. The stock’s fifty day simple moving average is $26.91 and its 200 day simple moving average is $24.35. The firm has a market capitalization of $3.17 billion, a P/E ratio of 36.91 and a beta of 1.31.

USA Compression Partners (NYSE:USAC) last released its quarterly earnings data on Tuesday, February 11th. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.06). USA Compression Partners had a net margin of 10.48% and a negative return on equity of 62.46%. As a group, equities research analysts expect that USA Compression Partners LP will post 1.05 EPS for the current fiscal year.

USA Compression Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Monday, January 27th were issued a dividend of $0.525 per share. The ex-dividend date was Monday, January 27th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.79%. USA Compression Partners’s dividend payout ratio (DPR) is presently 287.67%.

About USA Compression Partners

USA Compression Partners, LP provides compression services under term contracts with customers in the natural gas and crude oil industries in the United States. The company engineers, designs, operates, services, and repairs its compression units; and maintains related support inventory and equipment.