|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||31.14 - 31.79|
|52 Week Range||23.33 - 35.09|
|PE Ratio (TTM)||15.57|
|Dividend & Yield||2.16 (6.85%)|
|1y Target Est||N/A|
Blackstone Group (BX) agreed to acquire Harvest Fund Advisors, an investment management firm with over $10 billion in assets under management, on Thursday after the market's close. Philadelphia-based Harvest primarily serves institutional clients, investing in publicly-traded master limited partnerships or MLPs holding U.S. midstream energy assets. Tony James, president and chief operating officer of Blackstone, said in a statement: "[Harvest] has generated superior long-term results for its investors. Harvest's expertise in this area will complement our extensive energy investing activities across Blackstone.
Blackstone (BX) increases exposure to the energy sector through Harvest Fund acquisition.