Capital Investment Advisory Services LLC Has $488,000 Stake in Dominion Midstream Partners, LP (DM)

Capital Investment Advisory Services LLC cut its stake in Dominion Midstream Partners, LP (NYSE:DM) by 30.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,263 shares of the pipeline company’s stock after selling 6,716 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Dominion Midstream Partners, were worth $488,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Mariner Investment Group LLC increased its holdings in shares of Dominion Midstream Partners, by 460.2% in the 2nd quarter. Mariner Investment Group LLC now owns 107,000 shares of the pipeline company’s stock valued at $3,087,000 after acquiring an additional 87,900 shares during the period. Wills Financial Group Inc. boosted its position in shares of Dominion Midstream Partners, by 12.5% in the 2nd quarter. Wills Financial Group Inc. now owns 57,676 shares of the pipeline company’s stock worth $1,664,000 after purchasing an additional 6,396 shares in the last quarter. Freestone Capital Holdings LLC boosted its position in shares of Dominion Midstream Partners, by 48.4% in the 2nd quarter. Freestone Capital Holdings LLC now owns 156,408 shares of the pipeline company’s stock worth $4,512,000 after purchasing an additional 50,984 shares in the last quarter. Castleton Investment Management LLC acquired a new stake in shares of Dominion Midstream Partners, in the 2nd quarter worth $894,000. Finally, State of New Jersey Common Pension Fund D boosted its position in shares of Dominion Midstream Partners, by 57.4% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 87,500 shares of the pipeline company’s stock worth $2,524,000 after purchasing an additional 31,900 shares in the last quarter. Institutional investors and hedge funds own 54.05% of the company’s stock.

A number of research firms have recently weighed in on DM. TheStreet raised Dominion Midstream Partners, from a “c” rating to a “b” rating in a research report on Monday, October 16th. BidaskClub cut Dominion Midstream Partners, from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $35.00 price target on shares of Dominion Midstream Partners, in a research report on Wednesday, September 27th. Stifel Nicolaus set a $33.00 price target on Dominion Midstream Partners, and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Finally, Zacks Investment Research raised Dominion Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $34.89.

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Shares of Dominion Midstream Partners, LP (NYSE:DM) traded down $0.20 during mid-day trading on Friday, hitting $31.70. The stock had a trading volume of 97,878 shares, compared to its average volume of 244,605. Dominion Midstream Partners, LP has a fifty-two week low of $23.65 and a fifty-two week high of $34.85. The firm has a market cap of $3,150.00, a PE ratio of 22.95, a PEG ratio of 1.35 and a beta of 1.68. The company has a current ratio of 0.47, a quick ratio of 0.37 and a debt-to-equity ratio of 0.08.

Dominion Midstream Partners, (NYSE:DM) last released its quarterly earnings data on Monday, October 30th. The pipeline company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $113.00 million for the quarter, compared to the consensus estimate of $104.86 million. During the same period in the previous year, the company earned $0.30 earnings per share. The company’s quarterly revenue was up 18.7% on a year-over-year basis. research analysts expect that Dominion Midstream Partners, LP will post 1.32 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Monday, November 6th will be issued a $0.3025 dividend. This is an increase from Dominion Midstream Partners,’s previous quarterly dividend of $0.29. This represents a $1.21 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend is Friday, November 3rd. Dominion Midstream Partners,’s payout ratio is currently 85.82%.

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.

Institutional Ownership by Quarter for Dominion Midstream Partners, (NYSE:DM)

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