07/15/2015 BY JAMES DUNN IN INITIATIONS, US STOCK RATINGS
Center Coast MLP & Infrastructure Fund (NYSE:CEN) Price Target & New Coverage by Ladenburg Thalmann
Ladenburg Thalmann has started its coverage on Center Coast MLP & Infrastructure Fund (NYSE:CEN), today Wednesday morning. The broker finds the stock of CEN attractive and has target price per share of $24.00 with “Buy” rating.
The new coverage is well received by stock speculators, as NYSE:CEN is currently trading 0.06% higher at $15.72 as of 13:14 New York time. Center Coast MLP & Infrastructure Fund shares have declined -14.2% over the last 200 days, while the S&P500 Index has gained 7.27% in the same time period.
NYSE:CEN Price Chart & Trend
The stock price of Center Coast MLP & Infrastructure Fund went down 14.2% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, Center Coast MLP & Infrastructure Fund is down 4.46% and down 16.88%, respectively. Our stocks momentum model is shown on the price chart below.
Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models
Institutional Ownership
Oxbow Advisors Llc had the most significant stake with ownership of 236,808 shares as of Q1 2015 for 0.61% of the fund portfolio. Investors Capital Advisory Services is another bullish investment professional who is having 15,404 shares of Center Coast MLP & Infrastructure Fund or 0.05% of their fund portfolio. Further, Advisors Asset Management Inc. have 0.04% of their fund portfolio invested in the company for 160,567 shares. The Tennessee-based fund Wunderlich Securities Inc. disclosed it had bought a stake worth about 0.04% of the investment professional’s stock portfolio in Center Coast MLP & Infrastructure Fund. The Florida-based fund Ladenburg Thalmann Financial Services Inc is also positive about the stock, possessing 3,000 shares or 0.01% of their fund portfolio.
Center Coast MLP & Infrastructure Fund (NYSE:CEN) Profile
Center Coast MLP & Infrastructure Fund is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of total return with an emphasis on distributions to shareholders. The Fund seeks to achieve its investment objective by investing primarily in a portfolio of master limited partnerships (MLPs) and energy infrastructure companies.
Center Coast MLP & Infrastructure Fund (NYSE:CEN) traded up 0.06% on 15 July, hitting $15.72. A total of 75,097 shares of the company’s stock traded hands. This is down from average of 124,464 shares. Center Coast MLP & Infrastructure Fund has a 52 week low of $15.06 and a 52 week high of $20.74. The company has a market cap of $232.78M and a P/E ratio of 0.
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