Dominion Midstream Partners, LP (NYSE:DM) Downgraded by Barclays PLC

Barclays PLC lowered shares of Dominion Midstream Partners, LP (NYSE:DM) from an overweight rating to an equal weight rating in a research note published on Tuesday, July 18th, MarketBeat.com reports. Barclays PLC currently has $32.00 price objective on the pipeline company’s stock, down from their prior price objective of $37.00.

Several other equities analysts have also weighed in on the stock. BidaskClub lowered shares of Dominion Midstream Partners, from a sell rating to a strong sell rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Dominion Midstream Partners, from a hold rating to a strong-buy rating and set a $33.00 target price on the stock in a report on Tuesday, July 4th. TheStreet lowered shares of Dominion Midstream Partners, from a b- rating to a c rating in a report on Wednesday, May 31st. Royal Bank Of Canada restated a buy rating and set a $41.00 target price on shares of Dominion Midstream Partners, in a report on Monday, May 8th. Finally, Scotiabank restated a buy rating and set a $35.00 target price on shares of Dominion Midstream Partners, in a report on Thursday, April 27th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $33.78.

Shares of Dominion Midstream Partners, (NYSE:DM) opened at 26.35 on Tuesday. The stock has a 50 day moving average price of $27.84 and a 200 day moving average price of $30.24. The firm has a market capitalization of $2.61 billion, a PE ratio of 17.72 and a beta of 1.67. Dominion Midstream Partners, has a 52 week low of $23.17 and a 52 week high of $33.70.

Dominion Midstream Partners, (NYSE:DM) last announced its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.04. The company had revenue of $115.70 million for the quarter, compared to analysts’ expectations of $130.04 million. Dominion Midstream Partners, had a net margin of 19.08% and a return on equity of 1.88%. The firm’s quarterly revenue was up 35.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 earnings per share. Equities analysts forecast that Dominion Midstream Partners, will post $1.50 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Friday, August 4th will be paid a dividend of $0.288 per share. This is a positive change from Dominion Midstream Partners,’s previous quarterly dividend of $0.27. The ex-dividend date is Wednesday, August 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.37%. Dominion Midstream Partners,’s dividend payout ratio is 84.56%.

Several hedge funds and other institutional investors have recently made changes to their positions in DM. Chickasaw Capital Management LLC raised its position in Dominion Midstream Partners, by 61.4% in the first quarter. Chickasaw Capital Management LLC now owns 5,494,455 shares of the pipeline company’s stock worth $175,548,000 after buying an additional 2,089,830 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of Dominion Midstream Partners, by 78.6% in the first quarter. Neuberger Berman Group LLC now owns 3,747,434 shares of the pipeline company’s stock worth $119,731,000 after buying an additional 1,649,157 shares during the period. Tortoise Capital Advisors L.L.C. increased its position in Dominion Midstream Partners, by 9.8% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 6,951,657 shares of the pipeline company’s stock worth $202,330,000 after buying an additional 618,423 shares during the last quarter. JPMorgan Chase & Co. increased its position in Dominion Midstream Partners, by 46.2% in the first quarter. JPMorgan Chase & Co. now owns 1,091,797 shares of the pipeline company’s stock worth $34,883,000 after buying an additional 345,149 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Dominion Midstream Partners, by 24.0% in the first quarter. Goldman Sachs Group Inc. now owns 940,838 shares of the pipeline company’s stock worth $30,059,000 after buying an additional 182,208 shares during the last quarter. Institutional investors own 56.56% of the company’s stock.

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.