Morgan Stanley upgraded shares of Dominion Midstream Partners, LP (NYSE:DM) from an equal weight rating to an overweight rating in a report published on Wednesday, Marketbeat.com reports. They currently have $32.00 price objective on the pipeline company’s stock.

Several other research analysts have also recently commented on DM. Zacks Investment Research cut Dominion Midstream Partners, from a hold rating to a sell rating in a research report on Friday, May 5th. Royal Bank Of Canada reissued a buy rating and set a $41.00 price target on shares of Dominion Midstream Partners, in a research report on Monday, May 8th. TheStreet cut Dominion Midstream Partners, from a b- rating to a c rating in a research report on Wednesday, May 31st. BidaskClub raised Dominion Midstream Partners, from a strong sell rating to a sell rating in a research report on Friday, June 30th. Finally, Barclays PLC cut Dominion Midstream Partners, from an overweight rating to an equal weight rating and reduced their price target for the company from $37.00 to $32.00 in a research report on Tuesday, July 18th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Dominion Midstream Partners, currently has an average rating of Buy and a consensus target price of $34.00.

Dominion Midstream Partners, (NYSE DM) opened at 28.40 on Wednesday. The company has a market capitalization of $2.82 billion, a P/E ratio of 20.96 and a beta of 1.66. Dominion Midstream Partners, has a 52 week low of $23.17 and a 52 week high of $33.70. The company has a 50 day moving average price of $27.16 and a 200-day moving average price of $29.44.

Dominion Midstream Partners, (NYSE:DM) last issued its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.35 by $0.04. Dominion Midstream Partners, had a net margin of 19.08% and a return on equity of 1.82%. The company had revenue of $115.70 million for the quarter, compared to analyst estimates of $130.04 million. During the same period last year, the company posted $0.28 earnings per share. The business’s revenue for the quarter was up 35.2% on a year-over-year basis. 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 company also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Friday, August 4th were paid a dividend of $0.288 per share. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.06%. This is a positive change from Dominion Midstream Partners,’s previous quarterly dividend of $0.27. Dominion Midstream Partners,’s dividend payout ratio (DPR) is 84.56%.

Institutional investors have recently made changes to their positions in the company. Chicago Partners Investment Group LLC raised its position in shares of Dominion Midstream Partners, by 11.4% in the first quarter. Chicago Partners Investment Group LLC now owns 64,921 shares of the pipeline company’s stock worth $2,074,000 after buying an additional 6,631 shares during the period. Neuberger Berman Group LLC raised its position in shares of Dominion Midstream Partners, by 78.6% in the first quarter. Neuberger Berman Group LLC now owns 3,747,434 shares of the pipeline company’s stock worth $119,731,000 after buying an additional 1,649,157 shares during the period. Stifel Financial Corp raised its position in shares of Dominion Midstream Partners, by 0.9% in the first quarter. Stifel Financial Corp now owns 34,978 shares of the pipeline company’s stock worth $1,116,000 after buying an additional 313 shares during the period. JPMorgan Chase & Co. raised its position in shares of Dominion Midstream Partners, by 46.2% in the first quarter. JPMorgan Chase & Co. now owns 1,091,797 shares of the pipeline company’s stock worth $34,883,000 after buying an additional 345,149 shares during the period. Finally, Tiedemann Wealth Management LLC purchased a new position in shares of Dominion Midstream Partners, during the first quarter worth $3,263,000. Institutional investors own 55.61% of the company’s stock.

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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