Shares of Dominion Midstream Partners LP (NYSE:DM) have been given a consensus recommendation of “Buy” by the ten analysts that are presently covering the firm. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $32.83.
Several research analysts have recently commented on the company. Mizuho boosted their target price on Dominion Midstream Partners from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Evercore ISI set a $36.00 price objective on shares of Dominion Midstream Partners and gave the company a “buy” rating in a research report on Thursday, January 5th. Tudor Pickering cut shares of Dominion Midstream Partners from a “buy” rating to a “hold” rating in a research report on Monday, April 3rd. TheStreet upgraded Dominion Midstream Partners from a “c+” rating to a “b-” rating in a report on Thursday, March 23rd. Finally, Zacks Investment Research upgraded shares of Dominion Midstream Partners from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective for the company in a research note on Tuesday, January 31st.
Large investors have recently modified their holdings of the stock. Stonepeak GP Investors Manager LLC purchased a new stake in shares of Dominion Midstream Partners during the fourth quarter valued at about $64,372,000. Energy Income Partners LLC purchased a new stake in shares of Dominion Midstream Partners during the fourth quarter valued at about $40,397,000. Center Coast Capital Advisors LP increased its stake in shares of Dominion Midstream Partners by 18.0% in the third quarter. Center Coast Capital Advisors LP now owns 948,728 shares of the pipeline company’s stock valued at $22,684,000 after buying an additional 144,403 shares during the period. Spirit of America Management Corp NY increased its stake 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 valued at $19,065,000 after buying an additional 78,050 shares during the period. Finally, Neuberger Berman Group LLC increased its stake in shares of Dominion Midstream Partners by 1,148.1% in the third quarter. Neuberger Berman Group LLC now owns 499,247 shares of the pipeline company’s stock valued at $11,937,000 after buying an additional 459,247 shares during the period. Institutional investors and hedge funds own 31.69% of the company’s stock.
Dominion Midstream Partners (NYSE:DM) opened at 32.00 on Tuesday. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 25.60 and a beta of 1.82. The stock’s 50 day moving average price is $31.47 and its 200 day moving average price is $28.88. Dominion Midstream Partners has a 12-month low of $23.17 and a 12-month high of $34.47.
Dominion Midstream Partners (NYSE:DM) last announced its earnings results on Wednesday, February 1st. The pipeline company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.32 by $0.06. The business had revenue of $177.50 million for the quarter, compared to the consensus estimate of $96.31 million. Dominion Midstream Partners had a return on equity of 1.98% and a net margin of 19.49%. Dominion Midstream Partners’s revenue was up 114.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 EPS. Analysts forecast that Dominion Midstream Partners will post $1.29 EPS for the current fiscal year.
Dominion Midstream Partners Company Profile
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.
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