Morgan Stanley Lowers Stake in SemGroup Corp (SEMG)

Morgan Stanley decreased its position in shares of SemGroup Corp (NASDAQ:SEMG) by 69.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 147,379 shares of the company’s stock after selling 342,383 shares during the period. Morgan Stanley owned about 0.22% of SemGroup Corp worth $5,305,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SEMG. Comerica Bank boosted its position in SemGroup Corp by 0.6% in the first quarter. Comerica Bank now owns 7,412 shares of the company’s stock worth $247,000 after buying an additional 41 shares during the period. Ameriprise Financial Inc. boosted its position in SemGroup Corp by 0.4% in the first quarter. Ameriprise Financial Inc. now owns 15,591 shares of the company’s stock worth $561,000 after buying an additional 65 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its position in SemGroup Corp by 5.2% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 16,315 shares of the company’s stock worth $587,000 after buying an additional 800 shares during the period. Keybank National Association OH boosted its position in SemGroup Corp by 10.2% in the first quarter. Keybank National Association OH now owns 10,020 shares of the company’s stock worth $361,000 after buying an additional 925 shares during the period. Finally, Great West Life Assurance Co. Can boosted its position in SemGroup Corp by 22.4% in the first quarter. Great West Life Assurance Co. Can now owns 9,010 shares of the company’s stock worth $323,000 after buying an additional 1,651 shares during the period.

SemGroup Corp (NASDAQ:SEMG) opened at 23.35 on Friday. The stock has a market cap of $1.84 billion and a PE ratio of 231.19. The company’s 50 day moving average is $25.59 and its 200-day moving average is $31.49. SemGroup Corp has a 1-year low of $22.55 and a 1-year high of $43.20.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Friday, August 18th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 7.71%. The ex-dividend date of this dividend is Wednesday, August 16th.

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SemGroup Corp Company Profile

Institutional Ownership by Quarter for SemGroup Corp (NASDAQ:SEMG)

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