Equities researchers at Wolfe Research assumed coverage on shares of Dominion Midstream Partners LP (NYSE:DM) in a research report issued on Friday. The firm set a “buy” rating and a $28.00 price target on the stock. Wolfe Research’s target price indicates a potential upside of 12.68% from the company’s current price.

A number of other brokerages have also issued reports on DM. Zacks Investment Research upgraded shares of Dominion Midstream Partners from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Wednesday, July 6th. Stifel Nicolaus began coverage on shares of Dominion Midstream Partners in a research report on Wednesday, July 13th. They set a “hold” rating on the stock. Barclays PLC lowered their target price on shares of Dominion Midstream Partners from $35.00 to $32.00 and set an “overweight” rating on the stock in a research report on Thursday, August 4th. Morgan Stanley lowered shares of Dominion Midstream Partners from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $40.00 to $30.00 in a research report on Thursday, August 18th. Finally, Mizuho began coverage on shares of Dominion Midstream Partners in a research report on Thursday, September 29th. They set a “buy” rating and a $30.00 target price on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $33.70.

Analyst Recommendations for Dominion Midstream Partners (NYSE:DM)

Dominion Midstream Partners (NYSE:DM) traded up 1.30% during trading on Friday, reaching $24.85. 111,126 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 21.48 and a beta of 1.72. The stock has a 50-day moving average price of $24.82 and a 200 day moving average price of $27.96. Dominion Midstream Partners has a 52 week low of $23.12 and a 52 week high of $35.88.

Dominion Midstream Partners (NYSE:DM) last announced its earnings results on Wednesday, August 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $85.60 million for the quarter, compared to analysts’ expectations of $93.83 million. Dominion Midstream Partners had a return on equity of 1.82% and a net margin of 19.33%. The business’s revenue was down 18.8% on a year-over-year basis. During the same quarter last year, the business posted $0.26 earnings per share. Equities research analysts forecast that Dominion Midstream Partners will post $1.17 earnings per share for the current fiscal year.

In related news, Director Dominion Resources Inc /Va/ bought 54,337 shares of the firm’s stock in a transaction on Friday, August 26th. The shares were bought at an average cost of $25.17 per share, for a total transaction of $1,367,662.29. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 11.17% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DM. Commonwealth Equity Services Inc increased its position in shares of Dominion Midstream Partners by 3.2% in the first quarter. Commonwealth Equity Services Inc now owns 8,079 shares of the company’s stock valued at $273,000 after buying an additional 251 shares during the last quarter. State Street Corp increased its position in shares of Dominion Midstream Partners by 4.1% in the first quarter. State Street Corp now owns 22,183 shares of the company’s stock valued at $749,000 after buying an additional 867 shares during the last quarter. BP Capital Fund Advisors LLC purchased a new position in shares of Dominion Midstream Partners during the first quarter valued at $1,663,000. Harvest Fund Advisors LLC increased its position in shares of Dominion Midstream Partners by 5.9% in the first quarter. Harvest Fund Advisors LLC now owns 959,686 shares of the company’s stock valued at $32,389,000 after buying an additional 53,068 shares during the last quarter. Finally, Spirit of America Management Corp NY increased its position in shares of Dominion Midstream Partners by 5.0% in the second quarter. Spirit of America Management Corp NY now owns 374,949 shares of the company’s stock valued at $10,547,000 after buying an additional 17,800 shares during the last quarter. 37.42% of the stock is owned by institutional investors and hedge funds.

Dominion Midstream Partners Company Profile

Dominion Midstream Partners, LP owns the preferred equity interests and the general partner interest of Dominion Cove Point LNG, LP (Cove Point). Cove Point owns liquefied natural gas (LNG) import, storage, regasification and transportation assets. The Company’s segment is Dominion Energy, which consists of gas transportation, LNG import and storage.

5 Day Chart for NYSE:DM

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