JPMorgan Chase & Co. Lowers Position in Dominion Midstream Partners, LP (DM)

JPMorgan Chase & Co. lessened its stake in Dominion Midstream Partners, LP (NYSE:DM) by 16.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 935,464 shares of the pipeline company’s stock after selling 177,947 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.39% of Dominion Midstream Partners worth $30,028,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of DM. State of New Jersey Common Pension Fund D raised its holdings in Dominion Midstream Partners by 57.4% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 87,500 shares of the pipeline company’s stock valued at $2,524,000 after acquiring an additional 31,900 shares during the period. Botty Investors LLC raised its holdings in Dominion Midstream Partners by 772.9% during the 2nd quarter. Botty Investors LLC now owns 8,616 shares of the pipeline company’s stock valued at $249,000 after acquiring an additional 7,629 shares during the period. Alps Advisors Inc. raised its holdings in Dominion Midstream Partners by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 15,447 shares of the pipeline company’s stock valued at $446,000 after acquiring an additional 40 shares during the period. Proficio Capital Partners LLC raised its holdings in Dominion Midstream Partners by 12.3% during the 2nd quarter. Proficio Capital Partners LLC now owns 9,702 shares of the pipeline company’s stock valued at $264,000 after acquiring an additional 1,064 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Dominion Midstream Partners by 7.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 38,845 shares of the pipeline company’s stock valued at $1,121,000 after acquiring an additional 2,624 shares during the period. 58.64% of the stock is currently owned by institutional investors.

DM has been the topic of a number of analyst reports. TheStreet raised shares of Dominion Midstream Partners from a “c” rating to a “b” rating in a report on Monday, October 16th. Mizuho reissued a “buy” rating and set a $34.00 target price on shares of Dominion Midstream Partners in a report on Friday, October 20th. Guggenheim initiated coverage on shares of Dominion Midstream Partners in a report on Tuesday, October 10th. They set a “buy” rating and a $39.00 target price on the stock. Scotiabank reissued a “buy” rating and set a $35.00 target price on shares of Dominion Midstream Partners in a report on Wednesday, October 25th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $35.00 target price on shares of Dominion Midstream Partners in a report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. Dominion Midstream Partners presently has a consensus rating of “Hold” and a consensus price target of $34.78.

Dominion Midstream Partners, LP (DM) opened at $30.95 on Wednesday. The company has a market cap of $2,139.15, a price-to-earnings ratio of 22.81, a PEG ratio of 1.21 and a beta of 1.66. The company has a current ratio of 0.47, a quick ratio of 0.41 and a debt-to-equity ratio of 0.08. Dominion Midstream Partners, LP has a 1 year low of $25.10 and a 1 year high of $34.85.

Dominion Midstream Partners (NYSE:DM) last released its quarterly earnings results on Monday, October 30th. The pipeline company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The firm had revenue of $113.00 million during the quarter, compared to analyst estimates of $104.86 million. Dominion Midstream Partners had a net margin of 22.61% and a return on equity of 2.14%. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 EPS. sell-side analysts anticipate that Dominion Midstream Partners, LP will post 1.45 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Monday, November 6th were given a dividend of $0.3025 per share. This is a positive change 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 3.91%. The ex-dividend date was Friday, November 3rd. Dominion Midstream Partners’s payout ratio is 87.05%.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.chaffeybreeze.com/2017/12/13/jpmorgan-chase-co-lowers-position-in-dominion-midstream-partners-lp-dm.html.

Dominion Midstream Partners Profile

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)

Receive News & Ratings for Dominion Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply