Advisors Capital Management Discloses New Position in Crestwood Equity Partners LP

According to a recent Form 13F filing submitted to the SEC, Advisors Capital Management disclosed a noteworthy new position in Crestwood Equity Partners LP (NYSE: CEQP) stock. Here’s what you need to know about Crestwood Equity Partners LP, as well as Advisors Capital Management’s position in shares of CEQP stock:

Advisors Capital Management

Ridgewood, New Jersey-based Advisors Capital Management, LLC offers custom-tailored investment portfolios and management solutions to keep investors on top of their money. Advisors Capital Management has over $5 billion in discretionary assets under management. You can learn more about Advisors Capital Management on their website here.

Advisors Capital Management’s New Position in CEQP Stock

According to the most recent 13F filing from Advisors Capital Management, the institutional investment manager added a meaningful position in Crestwood Equity Partners LP (NYSE: CEQP), with 50,648 shares, which represents approximately 0.0484% of the 104,652,002 total CEQP shares outstanding. Based on CEQP’s last closing price of $29.28 per share, Advisors Capital Management’s stake in CEQP is worth approximately $1,482,973.44, assuming no change in the position size. If you’re not very familiar with Crestwood Equity Partners LP, learn more below.

Crestwood Equity Partners LP (NYSE: CEQP)

Crestwood Equity Partners LP develops, acquires, owns, controls, and operates assets and operations in the energy midstream sector in the United States. It operates through three segments: Gathering and Processing North; Gathering and Processing South; and Storage and Logistics. The Gathering and Processing North segment offers natural gas, crude oil, and produced water gathering, compression, treating, processing, and disposal services to producers in the Williston Basin and Powder River Basin. This segment owns and operates natural gas facilities with approximately 0.4 Bcf/d of gathering capacity and 0.5 Bcf/d of processing capacity; crude oil facilities with approximately 150,000 Bbls/d of gathering capacity and 266,000 Bbls of storage capacity; and produced water facilities with approximately 130,000 Bbls/d of gathering and disposal capacity. The Gathering and Processing South segment provides natural gas gathering, compression, treating, and processing; and produced water gathering and disposal services to producers in the Marcellus, Barnett, and Delaware basins. This segment owns and operates natural gas facilities with 2.5 Bcf/d of gathering capacity and 0.7 Bcf/d of processing capacity; and produced water facilities with approximately 75,000 Bbls/d of gathering and disposal capacity. The Storage and Logistics segment offers natural gas liquids, crude oil, and natural gas storage, terminal, marketing, and transportation, including rail, truck and pipeline services to producers, refiners, marketers, utilities, and other customers. Crestwood Equity GP LLC serves as the general partner of Crestwood Equity Partners LP. The company was formerly known as Inergy L.P. and changed its name to Crestwood Equity Partners LP in October 2013. Crestwood Equity Partners LP was incorporated in 2001 and is headquartered in Houston, Texas.

Summary

Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Advisors Capital Management. Also be sure to check out more recent 13F filing analysis news here.