Epoch Investment Partners Inc. Increases Stake in Hess Midstream Partners LP $HESM

Epoch Investment Partners Inc. lifted its stake in Hess Midstream Partners LP (NYSE:HESM) by 12.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,500,598 shares of the company’s stock after acquiring an additional 269,216 shares during the period. Epoch Investment Partners Inc.’s holdings in Hess Midstream Partners were worth $86,271,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of HESM. Strategic Advocates LLC purchased a new position in shares of Hess Midstream Partners in the 3rd quarter valued at approximately $28,000. IFP Advisors Inc raised its position 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 valued at $49,000 after purchasing an additional 582 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of 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 purchasing an additional 300 shares during the last quarter. SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of Hess Midstream Partners in the 4th quarter valued at approximately $96,000. Finally, Larson Financial Group LLC raised its position in shares of Hess Midstream Partners by 668.5% in the 3rd quarter. Larson Financial Group LLC now owns 3,074 shares of the company’s stock valued at $106,000 after purchasing an additional 2,674 shares during the last quarter. 98.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HESM has been the subject of a number of recent research reports. Zacks Research raised shares of Hess Midstream Partners from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. Wells Fargo & Company raised their price target on shares of Hess Midstream Partners from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, March 13th. The Goldman Sachs Group lowered shares of Hess Midstream Partners from a “neutral” rating to a “sell” rating and set a $32.00 price target for the company. in a research report on Monday, April 20th. Weiss Ratings raised shares of Hess Midstream Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Finally, Morgan Stanley lowered shares of Hess Midstream Partners from an “equal weight” rating to an “underweight” rating and set a $38.00 price target for the company. in a research report on Wednesday. One analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Hess Midstream Partners presently has an average rating of “Reduce” and a consensus price target of $38.71.

Hess Midstream Partners Stock Performance

HESM opened at $38.41 on Friday. Hess Midstream Partners LP has a 12-month low of $31.63 and a 12-month high of $44.14. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 9.97. The firm has a market capitalization of $7.92 billion, a PE ratio of 13.29 and a beta of 0.52. The firm has a 50 day moving average of $38.70 and a two-hundred day moving average of $37.01.

Hess Midstream Partners (NYSE:HESM) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.03. The business had revenue of $390.10 million for the quarter, compared to analysts’ expectations of $389.51 million. Hess Midstream Partners had a net margin of 22.64% and a return on equity of 84.47%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company earned $0.65 EPS. On average, analysts anticipate that Hess Midstream Partners LP will post 2.99 EPS for the current year.

Hess Midstream Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were paid a dividend of $0.7792 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend was Thursday, May 7th. This is a positive change from Hess Midstream Partners’s previous quarterly dividend of $0.76. Hess Midstream Partners’s dividend payout ratio is 107.61%.

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.