Beach Investment Counsel Inc has current portfolio value of $1.07 billion with Magellan Midstream Partners, L.P. (NYSE:MMP), Enterprise Products Partners L.P. (NYSE:EPD), Energy Transfer Equity LP (NYSE:ETE) being its top 3 stock holdings, as per its recent SEC 13F filing on October 9. The top 10 stock holdings of the company constitute 47.15% of its portfolio.
Magellan Midstream Partners, L.P. (NYSE:MMP) is the primary stock holding of Beach Investment Counsel Inc, which owns 890,076 shares of the company with current market value of $74.9 million. The company reported net income of $146.3 million for its second quarter 2014 and increased its annual distributable cash flow guidance to $840 million for the current fiscal. Osterweis Capital Management has investments exceeding $122 million in Magellan Midstream Partners, L.P. (NYSE:MMP) followed by Selz Capital ($23 million) and Millennium Management ($13 million).
Enterprise Products Partners L.P. (NYSE:EPD) comes at number two in terms of the largest stock holdings of Beach Investment Counsel and has 1,812,729 shares of the company with current market value of $73 million. Enterprise Products Partners L.P. (NYSE:EPD) registered net income of $647 million in its second quarter 2014 with gross operating margins of $1.26 billion. Osterweis Capital Management has investments worth $92 million in Enterprise Products Partners L.P. (NYSE:EPD) and Driehaus Capital ($25 million) along with Peak6 Capital Management ($25 mllion) are the secondary investors of the company.
Beach Investment Counsel has investments worth $59.9 million in Energy Transfer Equity LP (NYSE:ETE) and owns 972,398 shares of the company. Energy Transfer Equity LP (NYSE:ETE) announced net revenues of $14.14 billion in its second quarter 2014 with net income of $164 million attributable to its partners. Some of the primary investors in Energy Transfer Equity LP (NYSE:ETE) include Mason Capital Management ($550 million), Oz Management ($476 million), and York Capital Management ($102 million).
This article has been written by Prakash Pandey.
