Shares of Dominion Midstream Partners LP (NYSE:DM) have been assigned an average rating of “Buy” from the ten research firms that are presently covering the company. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $32.83.
Several research analysts have weighed in on DM shares. Evercore ISI set a $36.00 price target on Dominion Midstream Partners and gave the stock a “buy” rating in a research note on Thursday, January 5th. Stifel Nicolaus increased their target price on Dominion Midstream Partners from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, January 26th. Zacks Investment Research upgraded Dominion Midstream Partners from a “hold” rating to a “strong-buy” rating and set a $36.00 target price for the company in a research report on Tuesday, January 31st. Mizuho increased their target price on Dominion Midstream Partners from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, February 2nd. Finally, TheStreet upgraded Dominion Midstream Partners from a “c+” rating to a “b-” rating in a research report on Thursday, March 23rd.
A number of hedge funds have recently modified their holdings of DM. Global X Management Co. LLC increased its stake in shares of Dominion Midstream Partners by 5.9% in the third quarter. Global X Management Co. LLC now owns 6,391 shares of the pipeline company’s stock worth $153,000 after buying an additional 356 shares in the last quarter. BB&T Securities LLC bought a new stake in shares of Dominion Midstream Partners during the third quarter worth about $213,000. Citadel Advisors LLC bought a new stake in shares of Dominion Midstream Partners during the third quarter worth about $258,000. Linscomb & Williams Inc. increased its stake in shares of Dominion Midstream Partners by 13.5% in the fourth quarter. Linscomb & Williams Inc. now owns 10,362 shares of the pipeline company’s stock worth $306,000 after buying an additional 1,234 shares in the last quarter. Finally, LVW Advisors LLC acquired a new stake in Dominion Midstream Partners during the fourth quarter worth $332,000. Institutional investors own 31.69% of the company’s stock.
Shares of Dominion Midstream Partners (NYSE:DM) opened at 32.00 on Tuesday. The company’s 50 day moving average is $31.47 and its 200 day moving average is $28.88. Dominion Midstream Partners has a one year low of $23.17 and a one year high of $34.47. The company has a market cap of $3.18 billion, a P/E ratio of 25.60 and a beta of 1.82.
Dominion Midstream Partners (NYSE:DM) last posted its quarterly earnings results on Wednesday, February 1st. The pipeline company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.06. Dominion Midstream Partners had a return on equity of 1.98% and a net margin of 19.49%. The business earned $177.50 million during the quarter, compared to the consensus estimate of $96.31 million. During the same period in the prior year, the company posted $0.32 EPS. The firm’s revenue for the quarter was up 114.6% compared to the same quarter last year. On average, equities analysts predict that Dominion Midstream Partners will post $1.29 earnings per share for the current year.
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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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