Dominion Energy Midstream Partners LP (DM) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Dominion Energy Midstream Partners LP (NYSE:DM) have received an average recommendation of “Hold” from the fifteen brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $23.11.

Several analysts have recently weighed in on DM shares. Zacks Investment Research cut shares of Dominion Energy Midstream Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, July 17th. Guggenheim cut shares of Dominion Energy Midstream Partners from a “buy” rating to a “neutral” rating in a research note on Monday, April 30th. Stifel Nicolaus increased their price target on shares of Dominion Energy Midstream Partners from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Monday, July 9th. ValuEngine cut shares of Dominion Energy Midstream Partners from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Finally, Citigroup dropped their price target on shares of Dominion Energy Midstream Partners from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, May 1st.

Several large investors have recently bought and sold shares of the stock. Tortoise Capital Advisors L.L.C. boosted its position in shares of Dominion Energy Midstream Partners by 0.3% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 5,475,827 shares of the pipeline company’s stock worth $74,471,000 after purchasing an additional 16,779 shares during the period. Alps Advisors Inc. boosted its position in Dominion Energy Midstream Partners by 4.8% in the 2nd quarter. Alps Advisors Inc. now owns 4,058,176 shares of the pipeline company’s stock valued at $123,571,000 after buying an additional 184,836 shares during the period. UBS Group AG boosted its position in Dominion Energy Midstream Partners by 6.9% in the 1st quarter. UBS Group AG now owns 1,421,373 shares of the pipeline company’s stock valued at $21,818,000 after buying an additional 91,409 shares during the period. Brookfield Asset Management Inc. boosted its position in Dominion Energy Midstream Partners by 2,049.5% in the 1st quarter. Brookfield Asset Management Inc. now owns 1,202,115 shares of the pipeline company’s stock valued at $18,452,000 after buying an additional 1,146,190 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Dominion Energy Midstream Partners by 66.8% in the 1st quarter. JPMorgan Chase & Co. now owns 1,064,803 shares of the pipeline company’s stock valued at $16,345,000 after purchasing an additional 426,299 shares in the last quarter. 30.22% of the stock is owned by hedge funds and other institutional investors.

DM stock traded up $0.10 during mid-day trading on Wednesday, reaching $16.80. The company’s stock had a trading volume of 482,700 shares, compared to its average volume of 686,473. Dominion Energy Midstream Partners has a fifty-two week low of $12.55 and a fifty-two week high of $34.85. The company has a current ratio of 1.42, a quick ratio of 1.24 and a debt-to-equity ratio of 0.13. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 12.41 and a beta of 1.95.

Dominion Energy Midstream Partners (NYSE:DM) last posted its quarterly earnings results on Wednesday, August 1st. The pipeline company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.07. Dominion Energy Midstream Partners had a net margin of 28.46% and a return on equity of 2.76%. The business had revenue of $247.60 million during the quarter, compared to analysts’ expectations of $291.16 million. During the same quarter in the prior year, the company posted $0.31 EPS. The business’s revenue for the quarter was up 114.0% on a year-over-year basis. equities analysts forecast that Dominion Energy Midstream Partners will post 1.55 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 15th. Investors of record on Monday, August 6th were given a dividend of $0.351 per share. The ex-dividend date of this dividend was Friday, August 3rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.36%. This is a boost from Dominion Energy Midstream Partners’s previous quarterly dividend of $0.33. Dominion Energy Midstream Partners’s dividend payout ratio (DPR) is presently 103.70%.

Dominion Energy Midstream Partners Company Profile

Dominion Energy Midstream Partners, LP owns liquefied natural gas (LNG) terminalling, storage, regasification, and transportation assets. It owns and operates LNG terminalling and storage facility located on the Chesapeake Bay in Lusby, Maryland. The company also operates an interstate pipeline in South Carolina and southeastern Georgia comprising natural gas system consisting of approximately 1,500 miles of transmission pipeline and 5 compressor stations with approximately 34,500 installed compressor horsepower.

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Analyst Recommendations for Dominion Energy Midstream Partners (NYSE:DM)

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