SG Americas Securities LLC Acquires 60,096 Shares of Hess Midstream Partners LP $HESM

SG Americas Securities LLC increased its holdings in Hess Midstream Partners LP (NYSE:HESM) by 1,100.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,555 shares of the company’s stock after buying an additional 60,096 shares during the quarter. SG Americas Securities LLC’s holdings in Hess Midstream Partners were worth $2,525,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Hess Midstream Partners during the 2nd quarter worth $25,000. Caitong International Asset Management Co. Ltd bought a new position in Hess Midstream Partners in the 1st quarter worth $31,000. Ameritas Advisory Services LLC purchased a new position in Hess Midstream Partners during the second quarter valued at $50,000. CENTRAL TRUST Co grew its holdings in Hess Midstream Partners by 34.9% during the second quarter. CENTRAL TRUST Co now owns 1,545 shares of the company’s stock valued at $59,000 after purchasing an additional 400 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of Hess Midstream Partners by 124.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,363 shares of the company’s stock valued at $91,000 after acquiring an additional 1,310 shares during the period. 98.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Wells Fargo & Company cut shares of Hess Midstream Partners from an “equal weight” rating to a “reduce” rating in a research note on Friday, September 19th. Morgan Stanley initiated coverage on shares of Hess Midstream Partners in a research report on Friday, July 25th. They set an “equal weight” rating and a $48.00 price objective on the stock. Wall Street Zen cut shares of Hess Midstream Partners from a “buy” rating to a “hold” rating in a research note on Saturday. UBS Group reiterated a “neutral” rating and issued a $43.00 price target (down previously from $45.00) on shares of Hess Midstream Partners in a research note on Wednesday, September 10th. Finally, JPMorgan Chase & Co. raised their price target on Hess Midstream Partners from $44.00 to $46.00 and gave the company a “neutral” rating in a report on Friday, August 22nd. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $40.57.

Hess Midstream Partners Stock Performance

HESM opened at $32.36 on Wednesday. The company has a debt-to-equity ratio of 8.83, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 11.48 and a beta of 0.62. The company has a fifty day moving average of $34.51 and a 200 day moving average of $37.72. Hess Midstream Partners LP has a fifty-two week low of $31.63 and a fifty-two week high of $44.14.

Hess Midstream Partners (NYSE:HESM) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.73 by $0.02. The business had revenue of $420.90 million for the quarter, compared to analysts’ expectations of $424.36 million. Hess Midstream Partners had a net margin of 20.46% and a return on equity of 69.03%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.63 EPS. As a group, sell-side analysts forecast that Hess Midstream Partners LP will post 2.5 earnings per share for the current fiscal year.

Hess Midstream Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Thursday, November 6th were issued a dividend of $0.7548 per share. The ex-dividend date was Thursday, November 6th. This represents a $3.02 annualized dividend and a yield of 9.3%. This is a boost from Hess Midstream Partners’s previous quarterly dividend of $0.74. Hess Midstream Partners’s dividend payout ratio (DPR) is 107.09%.

About Hess Midstream Partners

Hess Midstream LP owns, develops, operates, and acquires midstream assets and provide fee-based services to Hess and third-party customers in the United States. It operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. The Gathering segment owns natural gas gathering and compression systems; crude oil gathering systems; and produced water gathering and disposal facilities.