Goldman Sachs Group Inc. boosted its position in Dominion Midstream Partners, LP (NYSE:DM) by 24.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 940,838 shares of the pipeline company’s stock after buying an additional 182,208 shares during the period. Goldman Sachs Group Inc. owned approximately 0.95% of Dominion Midstream Partners, worth $30,059,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of DM. Spirit of America Management Corp NY boosted its position in shares of Dominion Midstream Partners, by 15.0% in the first quarter. Spirit of America Management Corp NY now owns 596,699 shares of the pipeline company’s stock worth $19,065,000 after buying an additional 78,050 shares during the last quarter. Cutler Capital Management LLC boosted its position in shares of Dominion Midstream Partners, by 6.4% in the first quarter. Cutler Capital Management LLC now owns 25,000 shares of the pipeline company’s stock worth $799,000 after buying an additional 1,500 shares during the last quarter. Hollencrest Securities LLC purchased a new position in shares of Dominion Midstream Partners, during the first quarter worth about $300,000. Chickasaw Capital Management LLC boosted its position in shares of Dominion Midstream Partners, by 61.4% in the first quarter. Chickasaw Capital Management LLC now owns 5,494,455 shares of the pipeline company’s stock worth $175,548,000 after buying an additional 2,089,830 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in shares of Dominion Midstream Partners, by 92.8% in the first quarter. State of New Jersey Common Pension Fund D now owns 55,600 shares of the pipeline company’s stock worth $1,776,000 after buying an additional 26,760 shares during the last quarter. 56.56% of the stock is owned by institutional investors and hedge funds.

Shares of Dominion Midstream Partners, LP (DM) traded down 0.37% on Thursday, reaching $27.10. The company’s stock had a trading volume of 106,079 shares. The company’s 50 day moving average price is $27.84 and its 200 day moving average price is $30.24. The company has a market cap of $1.82 billion, a P/E ratio of 19.36 and a beta of 1.67. Dominion Midstream Partners, LP has a 12-month low of $23.17 and a 12-month high of $33.70.

Dominion Midstream Partners, (NYSE:DM) last released its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.04. The business had revenue of $115.70 million during the quarter, compared to the consensus estimate of $130.04 million. Dominion Midstream Partners, had a net margin of 20.43% and a return on equity of 1.98%. The business’s revenue was up 35.2% compared to the same quarter last year. During the same period last year, the company posted $0.28 earnings per share. Analysts forecast that Dominion Midstream Partners, LP will post $1.50 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Friday, August 4th will be given a $0.288 dividend. The ex-dividend date of this dividend is Wednesday, August 2nd. This is a boost from Dominion Midstream Partners,’s previous quarterly dividend of $0.27. This represents a $1.15 annualized dividend and a yield of 4.25%. Dominion Midstream Partners,’s dividend payout ratio is 82.71%.

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DM has been the subject of several recent research reports. Scotiabank reissued a “buy” rating and issued a $35.00 price target on shares of Dominion Midstream Partners, in a research note on Thursday, April 27th. Zacks Investment Research cut Dominion Midstream Partners, from a “hold” rating to a “sell” rating in a research note on Friday, May 5th. Royal Bank Of Canada reissued a “buy” rating and issued a $41.00 price target on shares of Dominion Midstream Partners, in a research note on Monday, May 8th. TheStreet cut Dominion Midstream Partners, from a “b-” rating to a “c” rating in a research note on Wednesday, May 31st. Finally, BidaskClub raised Dominion Midstream Partners, from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $33.78.

Dominion Midstream Partners, Company Profile

Dominion Energy Midstream Partners, LP, formerly Dominion Midstream Partners, LP, is a limited partnership. The Company is formed to grow a portfolio of natural gas terminaling, processing, storage, transportation and related assets. The Company’s segments include Dominion Energy, which consists of gas transportation, liquefied natural gas (LNG) import and storage, and Corporate and Other.

Institutional Ownership by Quarter for Dominion Midstream Partners, (NYSE:DM)

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