Pointe Capital Management buys $1,390,550 stake in Columbia Pipeline Partners LP (CPPL)

Columbia Pipeline Partners LP (CPPL) : Pointe Capital Management scooped up 45,775 additional shares in Columbia Pipeline Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 92,334 shares of Columbia Pipeline Partners LP which is valued at $1,390,550.Columbia Pipeline Partners LP makes up approximately 1.00% of Pointe Capital Management’s portfolio.

Other Hedge Funds, Including , Green Square Capital sold out all of its stake in CPPL during the most recent quarter. The investment firm sold 11,103 shares of CPPL which is valued $167,211. Investment House sold out all of its stake in CPPL during the most recent quarter. The investment firm sold 12,150 shares of CPPL which is valued $182,979. Fox Run Management L.l.c. sold out all of its stake in CPPL during the most recent quarter. The investment firm sold 16,700 shares of CPPL which is valued $263,526.Creative Planning reduced its stake in CPPL by selling 6,975 shares or 93.98% in the most recent quarter. The Hedge Fund company now holds 447 shares of CPPL which is valued at $7,237.

Columbia Pipeline Partners LP closed down -0.09 points or -0.60% at $14.97 with 1,53,693 shares getting traded on Friday. Post opening the session at $15.04, the shares hit an intraday low of $14.83 and an intraday high of $15.21 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Columbia Pipeline Partners LP reported $0.25 EPS for the quarter, based on the information available during the earnings call on May 3, 2016. Analyst had a consensus estimate of $0.25. The company had revenue of $363.50 million for the quarter, compared to analysts expectations of $362.59 million. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

Many Wall Street Analysts have commented on Columbia Pipeline Partners LP. Columbia Pipeline Partners LP was Resumed by Goldman to “Neutral” on Jul 20, 2016.

Columbia Pipeline Partners LP is a limited partnership which owns operates and develops a portfolio of natural gas pipelines storage and related midstream assets. The Company’s business and operations are conducted through CPG OpCo LP and its subsidiaries which owns and operates substantially all of the natural gas transmission storage and midstream assets of Columbia Energy Group (CEG). Columbia Energy Group operates approximately 15000 miles of strategically located interstate pipelines extending from New York to the Gulf of Mexico.

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