Fundamental Research restated their buy rating on shares of Dominion Energy Midstream Partners (NYSE:DM) in a research report sent to investors on Sunday.

Other analysts have also issued research reports about the company. Zacks Investment Research lowered Dominion Energy Midstream Partners from a strong-buy rating to a hold rating in a report on Tuesday, October 23rd. Barclays set a $17.00 price objective on Dominion Energy Midstream Partners and gave the company a hold rating in a report on Friday, October 12th. Finally, ValuEngine upgraded Dominion Energy Midstream Partners from a sell rating to a hold rating in a report on Tuesday, December 11th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. Dominion Energy Midstream Partners currently has a consensus rating of Hold and a consensus price target of $21.80.

Dominion Energy Midstream Partners stock opened at $17.27 on Friday. The company has a quick ratio of 1.91, a current ratio of 2.24 and a debt-to-equity ratio of 0.44. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 12.79 and a beta of 1.42. Dominion Energy Midstream Partners has a twelve month low of $12.55 and a twelve month high of $31.90.

Dominion Energy Midstream Partners (NYSE:DM) last posted its earnings results on Thursday, November 1st. The pipeline company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). The company had revenue of $284.20 million for the quarter, compared to analysts’ expectations of $298.60 million. Dominion Energy Midstream Partners had a return on equity of 2.70% and a net margin of 21.93%. The firm’s quarterly revenue was up 151.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 EPS. Analysts anticipate that Dominion Energy Midstream Partners will post 1.37 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Monday, January 14th will be issued a dividend of $0.369 per share. The ex-dividend date is Friday, January 11th. This represents a $1.48 annualized dividend and a dividend yield of 8.55%. Dominion Energy Midstream Partners’s dividend payout ratio is presently 109.63%.

In related news, CFO James R. Chapman sold 16,800 shares of the firm’s stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of $19.22, for a total value of $322,896.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Diane Leopold sold 2,500 shares of the firm’s stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of $19.22, for a total value of $48,050.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,600 shares of company stock valued at $434,108. Company insiders own 11.17% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Neuberger Berman Group LLC raised its stake in Dominion Energy Midstream Partners by 37.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 7,902,512 shares of the pipeline company’s stock worth $141,455,000 after acquiring an additional 2,133,922 shares during the last quarter. Tortoise Capital Advisors L.L.C. raised its stake in Dominion Energy Midstream Partners by 16.5% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 6,380,140 shares of the pipeline company’s stock worth $117,665,000 after acquiring an additional 904,313 shares during the last quarter. Bank of Montreal Can raised its stake in Dominion Energy Midstream Partners by 354.6% in the 4th quarter. Bank of Montreal Can now owns 2,340,011 shares of the pipeline company’s stock worth $42,213,000 after acquiring an additional 1,825,301 shares during the last quarter. Morgan Stanley raised its stake in Dominion Energy Midstream Partners by 72.5% in the 3rd quarter. Morgan Stanley now owns 2,105,227 shares of the pipeline company’s stock worth $37,683,000 after acquiring an additional 885,086 shares during the last quarter. Finally, Clearbridge Investments LLC raised its stake in Dominion Energy Midstream Partners by 9.1% in the 3rd quarter. Clearbridge Investments LLC now owns 1,625,250 shares of the pipeline company’s stock worth $29,092,000 after acquiring an additional 136,000 shares during the last quarter. Institutional investors own 30.80% of the company’s stock.

Dominion Energy Midstream Partners Company Profile

Dominion Energy Midstream Partners, LP owns liquefied natural gas (LNG) terminalling, storage, regasification, and transportation assets. It owns and operates LNG terminalling and storage facility located on the Chesapeake Bay in Lusby, Maryland. The company also operates an interstate pipeline in South Carolina and southeastern Georgia comprising natural gas system consisting of approximately 1,500 miles of transmission pipeline and 5 compressor stations with approximately 34,500 installed compressor horsepower.

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

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