Janus Henderson Group PLC Sells 172,726 Shares of Hess Midstream Partners LP $HESM

Janus Henderson Group PLC lowered its holdings in Hess Midstream Partners LP (NYSE:HESM) by 75.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 56,416 shares of the company’s stock after selling 172,726 shares during the quarter. Janus Henderson Group PLC’s holdings in Hess Midstream Partners were worth $2,193,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of HESM. Caitong International Asset Management Co. Ltd acquired a new position in shares of Hess Midstream Partners during the fourth quarter valued at about $44,000. IFP Advisors Inc raised its holdings in shares of Hess Midstream Partners by 70.0% in the 4th quarter. IFP Advisors Inc now owns 1,413 shares of the company’s stock worth $49,000 after acquiring an additional 582 shares during the last quarter. CENTRAL TRUST Co raised its holdings in shares of Hess Midstream Partners by 124.4% in the 1st quarter. CENTRAL TRUST Co now owns 2,165 shares of the company’s stock worth $84,000 after acquiring an additional 1,200 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Hess Midstream Partners by 14.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company’s stock valued at $92,000 after acquiring an additional 300 shares in the last quarter. Finally, SBI Okasan Asset Management Co.Ltd. bought a new position in Hess Midstream Partners in the 4th quarter valued at about $96,000. Institutional investors own 98.97% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on HESM. The Goldman Sachs Group lowered Hess Midstream Partners from a “neutral” rating to a “sell” rating and set a $32.00 price objective for the company. in a report on Monday, April 20th. Morgan Stanley reaffirmed an “underweight” rating and set a $39.00 target price on shares of Hess Midstream Partners in a research report on Tuesday, July 21st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Hess Midstream Partners in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $38.86.

Hess Midstream Partners Price Performance

Shares of NYSE HESM opened at $39.87 on Friday. The company has a market capitalization of $8.22 billion, a PE ratio of 13.75 and a beta of 0.52. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 9.97. The stock’s 50 day moving average price is $38.90 and its 200-day moving average price is $38.38. Hess Midstream Partners LP has a twelve month low of $31.63 and a twelve month high of $42.22.

Hess Midstream Partners (NYSE:HESM) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. Hess Midstream Partners had a return on equity of 90.78% and a net margin of 23.23%.The business had revenue of $399.00 million for the quarter, compared to analyst estimates of $395.96 million. During the same period last year, the company posted $0.74 earnings per share. Hess Midstream Partners’s quarterly revenue was down 3.7% compared to the same quarter last year. On average, equities analysts anticipate that Hess Midstream Partners LP will post 2.9 EPS for the current year.

Hess Midstream Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Thursday, August 6th will be issued a $0.7888 dividend. This is an increase from Hess Midstream Partners’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 7.9%. Hess Midstream Partners’s payout ratio is presently 108.62%.

Hess Midstream Partners Profile

Hess Midstream Partners LP, formerly traded on the New York Stock Exchange under the ticker HESM, is a midstream energy partnership that owns, operates and develops crude oil, natural gas and produced water infrastructure in the Williston Basin. The company’s assets include crude oil gathering and transportation systems, saltwater disposal wells, natural gas processing and fractionation plants, and associated pipeline and storage facilities. Its integrated network is designed to support upstream production by providing gathering, processing, storage and marketing services for hydrocarbons and produced water.

Headquartered in Houston, Texas, Hess Midstream Partners primarily serves producers operating in North Dakota and Montana’s Bakken Shale region.