BidaskClub upgraded shares of Dominion Midstream Partners, LP (NYSE:DM) from a sell rating to a hold rating in a report released on Saturday.

Several other brokerages have also issued reports on DM. Zacks Investment Research lowered shares of Dominion Midstream Partners, from a hold rating to a strong sell rating in a research report on Friday, August 4th. Stifel Nicolaus set a $33.00 target price on shares of Dominion Midstream Partners, and gave the stock a buy rating in a research report on Thursday, August 3rd. Scotiabank set a $35.00 target price on shares of Dominion Midstream Partners, and gave the stock a buy rating in a research report on Saturday, July 22nd. Barclays PLC lowered shares of Dominion Midstream Partners, from an overweight rating to an equal weight rating and cut their target price for the stock from $37.00 to $32.00 in a research report on Tuesday, July 18th. Finally, TheStreet lowered shares of Dominion Midstream Partners, from a b- rating to a c rating in a research report on Wednesday, May 31st. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of Buy and an average price target of $34.25.

Shares of Dominion Midstream Partners, (NYSE DM) opened at 27.70 on Friday. Dominion Midstream Partners, has a one year low of $23.17 and a one year high of $33.70. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 20.44 and a beta of 1.67. The stock’s 50 day moving average price is $27.14 and its 200 day moving average price is $29.61.

Dominion Midstream Partners, (NYSE:DM) last released its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by $0.04. The firm had revenue of $115.70 million for the quarter, compared to analysts’ expectations of $130.04 million. Dominion Midstream Partners, had a net margin of 19.08% and a return on equity of 1.82%. The firm’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 earnings per share. On average, equities analysts anticipate that Dominion Midstream Partners, will post $1.38 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Friday, August 4th were paid a $0.288 dividend. The ex-dividend date of this dividend was Wednesday, August 2nd. This is an increase from Dominion Midstream Partners,’s previous quarterly dividend of $0.27. This represents a $1.15 annualized dividend and a yield of 4.16%. Dominion Midstream Partners,’s payout ratio is currently 84.56%.

Several institutional investors have recently modified their holdings of DM. BNP Paribas Arbitrage SA purchased a new position in shares of Dominion Midstream Partners, during the first quarter valued at approximately $137,000. Advisory Services Network LLC purchased a new position in shares of Dominion Midstream Partners, during the first quarter valued at approximately $187,000. Signature Financial Management Inc. purchased a new position in shares of Dominion Midstream Partners, during the second quarter valued at approximately $202,000. Keybank National Association OH increased its position in shares of Dominion Midstream Partners, by 5.3% in the second quarter. Keybank National Association OH now owns 8,000 shares of the pipeline company’s stock valued at $231,000 after buying an additional 400 shares during the period. Finally, Botty Investors LLC increased its position in shares of Dominion Midstream Partners, by 772.9% in the second quarter. Botty Investors LLC now owns 8,616 shares of the pipeline company’s stock valued at $249,000 after buying an additional 7,629 shares during the period. 55.61% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Dominion Midstream Partners, (NYSE:DM)

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