Dominion Midstream Partners, LP (NYSE:DM) released its earnings results on Monday. The pipeline company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04, Briefing.com reports. Dominion Midstream Partners, had a net margin of 22.61% and a return on equity of 2.17%. The company had revenue of $113.00 million for the quarter, compared to analysts’ expectations of $104.86 million. During the same quarter in the previous year, the company earned $0.30 EPS. Dominion Midstream Partners,’s revenue for the quarter was up 18.7% on a year-over-year basis.
Dominion Midstream Partners, (NYSE DM) traded up 0.62% during mid-day trading on Wednesday, hitting $32.25. 59,260 shares of the stock were exchanged. The stock’s 50 day moving average is $31.98 and its 200 day moving average is $29.45. Dominion Midstream Partners, has a 52-week low of $23.20 and a 52-week high of $34.85. The stock has a market cap of $3.20 billion, a PE ratio of 23.80 and a beta of 1.70.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Monday, November 6th will be issued a $0.3025 dividend. The ex-dividend date is Friday, November 3rd. This is an increase from Dominion Midstream Partners,’s previous quarterly dividend of $0.29. This represents a $1.21 dividend on an annualized basis and a dividend yield of 3.78%. Dominion Midstream Partners,’s payout ratio is 82.73%.
A number of research analysts recently weighed in on DM shares. Zacks Investment Research upgraded shares of Dominion Midstream Partners, from a “hold” rating to a “strong-buy” rating and set a $37.00 target price on the stock in a research note on Tuesday, October 24th. Stifel Nicolaus set a $33.00 price target on shares of Dominion Midstream Partners, and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Barclays PLC cut shares of Dominion Midstream Partners, from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $37.00 to $32.00 in a research note on Tuesday, July 18th. BidaskClub upgraded shares of Dominion Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, Mizuho reiterated a “buy” rating and issued a $34.00 price target on shares of Dominion Midstream Partners, in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $34.89.
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About Dominion Midstream Partners,
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.
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