Magellan Midstream Partners, L.P. (NYSE:MMP)

CAPS Rating: 4 out of 5

The Company is principally engaged in the transportation, storage and distribution of refined petroleum products.

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Member Avatar Milo107 (33.53) Submitted: 9/9/2014 8:42:56 PM : Outperform Start Price: $81.01 MMP Score: -1.06

MF Income Investor

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Member Avatar starz188TEST (55.39) Submitted: 8/13/2014 11:21:44 AM : Outperform Start Price: $82.13 MMP Score: -2.59

Part of a screener test. I looked at 4-5 star stocks, with a dividend yield above 2.5%, gross margins above 25%, price 0-50% below 52-week high, with 3-year EPS of 5+, P/E < 40. These are all interesting PEGY plays for me.

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Member Avatar grankh (81.23) Submitted: 7/20/2014 1:44:00 AM : Outperform Start Price: $83.49 MMP Score: -2.83

One of my investment clubs bought this stock this month, after I presented it, so this is a real-life holding of mine.

Sales have grown at an average annual compound rate of about 8% since 2011. EPS has grown at an average annual compound rate of around 27% since 2009. The pre-tax profit margin has increased each year since 2010. The earned-on-equity has increased each year since 2009. The debt-to-equity has been fluctuating a lot over the past several years, but fell last year. It was a very high 148% last year, so I would prefer this number to be lower. The current P/E is well above its historical average, and is in fact higher than it has been in the past 5 years, so this is somewhat concerning. The stock pays almost a 5% dividend, which is very nice. The payout ratio is high, at around 82%, so the payout ratio is not likely to grow much, so future dividend increases will mainly need to depend on growing earnings. The PEG ratio is a high but reasonable 1.36.

I think this stock could come close to doubling over the next 5 years. Add in that nearly 5% dividend, and I could see an average annual compounded return of almost 17% each year over the next 5 years. With the large dividend helping to protect the downside, I think this will be a good holding for me for a long time to come.

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Member Avatar WCWlooky (23.27) Submitted: 7/17/2014 1:25:18 AM : Outperform Start Price: $83.88 MMP Score: -3.41

Pipelines full of Money

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Member Avatar Thewilsons08 (< 20) Submitted: 5/7/2014 9:31:54 AM : Underperform Start Price: $77.72 MMP Score: +1.10

This company is overpaying for aquisitions. It just paid $124 Million for its latest aquisistion of a small service company that was only worth $20 Million.

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Member Avatar wjack700 (< 20) Submitted: 2/11/2014 8:40:56 PM : Outperform Start Price: $69.88 MMP Score: +7.59

They returned 890%, because of a 4%-plus yield and payments have increased 233% since 2003.A good company backed up with good numbers always beats the others.

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Member Avatar BMunkers (46.55) Submitted: 1/2/2014 1:59:30 PM : Outperform Start Price: $60.25 MMP Score: +26.49

Looks good to me.

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Member Avatar chris293 (84.39) Submitted: 1/30/2013 6:57:28 PM : Outperform Start Price: $46.54 MMP Score: +42.19

it just plugs along with a nice dividend

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Member Avatar Alfred828 (78.33) Submitted: 1/23/2013 7:22:59 PM : Outperform Start Price: $39.65 MMP Score: +66.92

Big moves comming soon!!

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Member Avatar mha11111 (62.19) Submitted: 11/21/2012 10:27:08 PM : Outperform Start Price: $40.84 MMP Score: +57.27

good management and good distribtutions

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Member Avatar DLester78 (71.01) Submitted: 11/2/2012 12:54:47 PM : Outperform Start Price: $40.34 MMP Score: +62.24

toll booths

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Member Avatar ajm3 (< 20) Submitted: 8/11/2012 4:27:51 PM : Outperform Start Price: $36.47 MMP Score: +81.35

Delivery cost will decrease while margins will increase during this time frame.

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Member Avatar chk999 (99.97) Submitted: 12/21/2011 12:02:41 PM : Outperform Start Price: $29.28 MMP Score: +115.74

You move the stuff. You take a cut.

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Member Avatar dividendsrus (69.93) Submitted: 9/20/2011 2:31:36 PM : Outperform Start Price: $19.87 MMP Score: +223.52

Good income-generating investment should be popular with interest rates so low.

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Member Avatar WilliamCrook2003 (70.59) Submitted: 6/17/2011 7:37:23 AM : Outperform Start Price: $25.06 MMP Score: +168.21

Positive Stock for the next few years

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Member Avatar renoryan100 (48.93) Submitted: 3/22/2011 1:33:58 PM : Outperform Start Price: $25.26 MMP Score: +167.37

dividend growth

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Member Avatar mrbill6 (< 20) Submitted: 2/23/2011 2:38:41 AM : Outperform Start Price: $25.71 MMP Score: +164.46

StockScouter: 8, Navellier: A, Zacks#2, div>5%

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Member Avatar georcole (51.46) Submitted: 12/7/2010 1:33:45 PM : Outperform Start Price: $23.72 MMP Score: +180.81

This has actually sat on my watchlist for exactly a year. If I had made the pick instead of watching it, I would be 33 points higher. I have to pay more attention to my watchlist and check out those companies just a little sooner.

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Member Avatar DanFPilot (47.93) Submitted: 9/28/2010 12:55:02 AM : Outperform Start Price: $21.27 MMP Score: +207.38

Since it is a MLP it pays a good dividend. It has a strong history of dividend payout and has a realistic payout ratio. Company seems well manages and is growing. I think when dividends are included, MMP will definitely outperform the overall market. An investment in MMP ten years ago without touching it, would have a dividend yield of approximately forty percent.

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Member Avatar rd80 (98.00) Submitted: 8/26/2010 8:24:37 PM : Outperform Start Price: $20.75 MMP Score: +204.00

I'm a big fan of income producing equities and have been wanting to learn more about master limited partnerships. They have to pass the majority of income through to partners, so the yields tend to be fairly high. I haven't done the research, so decided to pick one in CAPS to follow and, hopefully, get smarter.

Magellan Midstream Partners owns a petroleum pipeline network and an ammonia pipeline network, along with some marine and inland terminals and storage facilities. The partnership recently floated a debt issue to fund a purchase of petroleum pipeline assets and storage facilities from BP Pipelines. I don't know enough about the business to know if it's a good deal or not, but I'm guessing a unit of BP might not have been in the best position to command top dollar for assets when the deal was cut.

Annualizing the last distribution puts the yield on the units at about 6%. MMP has an excellent track record with those distributions, going back to 2001 there has never been a decrease in the distribution. Lots of increases, no decreases - excellent.

Why MMP? 5-star rating and a positive mention in a couple of Fool articles. If I'm going to learn about MLPs by following one, this seemed like as good a choice as any.

Disclosure: At time of posting, I have no financial interest in MMP.

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