Southcross Energy Partners, L.P. (NYSE:SXE) Upgraded to Market Perform by Raymond James Financial, Inc.

Raymond James Financial, Inc. upgraded shares of Southcross Energy Partners, L.P. (NYSE:SXE) from an underperform rating to a market perform rating in a research note published on Thursday, November 2nd, MarketBeat.com reports.

Several other brokerages have also recently weighed in on SXE. Zacks Investment Research cut shares of Southcross Energy Partners, L.P. from a strong-buy rating to a hold rating in a research note on Thursday, July 13th. ValuEngine lowered shares of Southcross Energy Partners, L.P. from a hold rating to a sell rating in a report on Friday, September 1st.

Southcross Energy Partners, L.P. (NYSE:SXE) opened at $1.84 on Thursday. Southcross Energy Partners, L.P. has a one year low of $1.18 and a one year high of $4.74. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.00.

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A number of institutional investors and hedge funds have recently made changes to their positions in SXE. Morgan Stanley grew its holdings in Southcross Energy Partners, L.P. by 67.1% during the 1st quarter. Morgan Stanley now owns 388,854 shares of the energy company’s stock valued at $1,352,000 after buying an additional 156,096 shares in the last quarter. KCG Holdings Inc. grew its holdings in shares of 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 valued at $260,000 after purchasing an additional 64,120 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of 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 valued at $526,000 after purchasing an additional 162,066 shares in the last quarter. Freestone Capital Holdings LLC grew its holdings in shares of 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 valued at $988,000 after purchasing an additional 129,870 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Southcross Energy Partners, L.P. in the second quarter valued at $172,000. 2.47% of the stock is owned by institutional investors and hedge funds.

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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