USA Compression Partners LP – Unit said on July 13, 2023 that its board of directors declared a regular quarterly dividend of $0.52 per share ($2.10 annualized). Previously, the company paid $0.52 per share.
Shareholders of record as of July 24, 2023 will receive payment on August 4, 2023.
At the current share price of $20.63/share, the dividend yield of the stock is 10.18%.
Looking back five years and taking a sample each week, the average dividend yield was 14.08%, the low 9.58% and the high 47.09%. The standard deviation of returns is 4.60 (n=236).
The current dividend yield is 0.85 standard deviations below the historical average.
Additionally, the company’s dividend payout ratio is 5.43. The payout ratio tells us how much of a company’s income is paid out as dividends. A payout ratio of one (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above one means the company is dipping into its savings to maintain its dividend, which is not a healthy situation. Companies with little growth prospects should pay most of their income in the form of dividends, which generally means a payout ratio between 0.5 and 1.0. Companies with good growth prospects should retain part of their profits in order to invest in these growth prospects, which translates into a payout ratio of zero to 0.5.
The company has not increased its dividend in the past three years.
What is fund sentiment?
There are 107 funds or institutions reporting positions in USA Compression Partners LP – Unit. This is a decrease of 2 owner(s) or 1.83% in the last quarter. Average portfolio weight of all funds dedicated to USAC is 0.36%, a decrease of 37.53%. The total number of shares held by institutions has decreased over the past three months by 2.16% to 40,069,000 shares. USAC’s put/call ratio is 0.47, indicating a bullish outlook.
Analyst price forecast suggests 5.48% upside
As of July 6, 2023, the one-year average price target for USA Compression Partners LP – Unit is 21.76. The forecast ranges from a low of 21.21 to a high of $23.10. The average price target represents a 5.48% increase from its last published closing price of 20.63.
Check out our ranking of companies with the biggest upward price target.
USA Compression Partners LP – Unit’s projected annual revenue is $790 million, an increase of 7.03%. Projected annual non-GAAP EPS is 0.21.
What are the other shareholders doing?
Invesco holds 15,360,000 shares representing 15.63% ownership of the company. In its previous filing, the company stated that it holds 16,676,000 shares, representing a decrease of 8.57%. The company decreases its portfolio allocation in USAC of 91.21% in the last quarter.
MLPRX – Invesco Oppenheimer SteelPath MLP Income Fund Class C holds 11,886,000 shares representing 12.10% ownership of the company. In its previous filing, the company stated that it held 12,626,000 shares, representing a decrease of 6.23%. The company increase its portfolio allocation in USAC by 5.76% in the last quarter.
MLPEX – Invesco Oppenheimer SteelPath MLP Select 40 Fund Class C holds 3,340,000 shares representing 3.40% ownership of the company. In its previous filing, the company said it held 3,780,000 shares, representing a decrease of 13.18%. The company increase its portfolio allocation in USAC by 2.09% in the last quarter.
Blackstone Group holds 2,023,000 shares representing 2.06% ownership of the company. In its previous filing, the company stated that it held 0,000 shares, representing a raise of 100.00%.
Jpmorgan Chase owns 937,000 shares representing 0.95% ownership of the company. In its previous filing, the company said it owns 1,036,000 shares, representing a decrease of 10.61%. The company decreases its portfolio allocation in USAC by 9.61% in the last quarter.
General information about compression partners in the United States
(This description is provided by the company.)
USA Compression Partners, LP is a growth-oriented Delaware limited partnership that is one of the nation’s largest independent providers of natural gas compression services by total compressor fleet capacity. USA Compression partners with a broad customer base of producers, processors, collectors and transporters of natural gas and crude oil. USA Compression is focused on providing natural gas compression services for infrastructure applications, primarily in high-volume gathering systems, processing facilities and transmission applications.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.