NBW Capital LLC lessened its holdings in Hess Midstream Partners LP (NYSE:HESM) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 337,957 shares of the company’s stock after selling 13,956 shares during the period. Hess Midstream Partners comprises about 1.8% of NBW Capital LLC’s portfolio, making the stock its 29th largest holding. NBW Capital LLC’s holdings in Hess Midstream Partners were worth $6,695,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the stock. Deutsche Bank AG increased its stake in shares of Hess Midstream Partners by 2,657.8% in the 4th quarter. Deutsche Bank AG now owns 88,248 shares of the company’s stock valued at $1,747,000 after purchasing an additional 85,048 shares in the last quarter. Kayne Anderson Capital Advisors LP increased its stake in shares of Hess Midstream Partners by 3.5% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 569,687 shares of the company’s stock valued at $11,278,000 after purchasing an additional 19,300 shares in the last quarter. Franklin Square Holdings L.P. purchased a new position in shares of Hess Midstream Partners in the 4th quarter valued at about $488,000. Renaissance Technologies LLC purchased a new position in shares of Hess Midstream Partners in the 4th quarter valued at about $1,302,000. Finally, BP Capital Fund Advisors LLC increased its stake in shares of Hess Midstream Partners by 50.7% in the 4th quarter. BP Capital Fund Advisors LLC now owns 170,468 shares of the company’s stock valued at $3,377,000 after purchasing an additional 57,331 shares in the last quarter. Hedge funds and other institutional investors own 56.48% of the company’s stock.
Shares of Hess Midstream Partners LP (NYSE HESM) opened at $20.56 on Monday. Hess Midstream Partners LP has a 52 week low of $18.32 and a 52 week high of $26.78.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Friday, February 2nd were paid a dividend of $0.322 per share. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $1.29 annualized dividend and a yield of 6.26%.
Several brokerages recently weighed in on HESM. Zacks Investment Research upgraded Hess Midstream Partners from a “sell” rating to a “hold” rating in a research note on Friday, March 2nd. Wells Fargo & Co upgraded Hess Midstream Partners from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $24.00 to $26.00 in a research note on Thursday, January 11th. Finally, Scotiabank set a $31.00 price target on Hess Midstream Partners and gave the company a “buy” rating in a research note on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $27.71.
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Hess Midstream Partners Company Profile
Hess Midstream Partners LP is a fee-based, traditional master limited partnership formed to own, operate, develop and acquire a set of midstream assets to provide services to Hess and third-party crude oil and natural gas producers. The Company’s assets are primarily located in the Bakken and Three Forks shale plays in the Williston Basin area of North Dakota (collectively referred as the Bakken).
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