Dominion Midstream Partners, LP (NYSE:DM) had its price objective reduced by Morgan Stanley from $33.00 to $32.00 in a research report report published on Friday. They currently have an underweight rating on the pipeline company’s stock.

A number of other equities research analysts also recently commented on the stock. Zacks Investment Research raised shares of Dominion Midstream Partners, from a hold rating to a strong-buy rating and set a $37.00 target price for the company in a research report on Tuesday, October 24th. 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. BidaskClub raised shares of Dominion Midstream Partners, from a sell rating to a hold rating in a research report on Saturday, August 26th. Royal Bank Of Canada downgraded shares of Dominion Midstream Partners, from an outperform rating to a sector perform rating and set a $35.00 target price for the company. in a research report on Monday, October 30th. They noted that the move was a valuation call. Finally, TheStreet raised shares of Dominion Midstream Partners, from a c rating to a b rating in a research report on Monday, October 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $34.78.

Dominion Midstream Partners, (NYSE:DM) traded up $0.05 during trading hours on Friday, reaching $31.00. 96,034 shares of the company’s stock were exchanged, compared to its average volume of 221,686. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.41 and a current ratio of 0.47. Dominion Midstream Partners, has a fifty-two week low of $23.65 and a fifty-two week high of $34.85. The company has a market cap of $3,080.00, a P/E ratio of 21.58, a PEG ratio of 1.15 and a beta of 1.68.

Dominion Midstream Partners, (NYSE:DM) last posted its earnings results on Monday, October 30th. The pipeline company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. Dominion Midstream Partners, had a net margin of 22.61% and a return on equity of 2.14%. The business had revenue of $113.00 million during the quarter, compared to the consensus estimate of $104.86 million. During the same quarter in the previous year, the firm posted $0.30 EPS. The firm’s revenue was up 18.7% on a year-over-year basis. equities analysts predict that Dominion Midstream Partners, will post 1.45 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Monday, November 6th were paid a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend was Friday, November 3rd. This is a boost from Dominion Midstream Partners,’s previous quarterly dividend of $0.29. Dominion Midstream Partners,’s dividend payout ratio (DPR) is currently 90.30%.

Several institutional investors have recently modified their holdings of the company. Neuberger Berman Group LLC boosted its stake in shares of Dominion Midstream Partners, by 16.1% during the 3rd quarter. Neuberger Berman Group LLC now owns 6,300,224 shares of the pipeline company’s stock worth $201,607,000 after acquiring an additional 875,159 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Dominion Midstream Partners, during the 3rd quarter worth $311,000. Janney Montgomery Scott LLC lifted its stake in shares of Dominion Midstream Partners, by 8.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 52,025 shares of the pipeline company’s stock valued at $1,665,000 after buying an additional 4,050 shares in the last quarter. Bamco Inc. NY lifted its stake in shares of Dominion Midstream Partners, by 67.4% during the 3rd quarter. Bamco Inc. NY now owns 745,000 shares of the pipeline company’s stock valued at $23,840,000 after buying an additional 300,000 shares in the last quarter. Finally, Wills Financial Group Inc. lifted its stake in shares of Dominion Midstream Partners, by 33.0% during the 3rd quarter. Wills Financial Group Inc. now owns 76,731 shares of the pipeline company’s stock valued at $2,455,000 after buying an additional 19,055 shares in the last quarter. Institutional investors and hedge funds own 60.06% 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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