Dominion Energy Midstream Partners LP (DM) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Dominion Energy Midstream Partners LP (NYSE:DM) have been given an average rating of “Hold” by the thirteen analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $34.22.

Several brokerages recently issued reports on DM. Scotiabank restated a “buy” rating and set a $35.00 price objective on shares of Dominion Energy Midstream Partners in a research note on Wednesday, October 25th. Zacks Investment Research upgraded Dominion Energy Midstream Partners from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective on the stock in a research note on Tuesday, October 24th. Mizuho cut Dominion Energy Midstream Partners from a “buy” rating to a “neutral” rating and set a $34.00 price objective on the stock. in a research note on Tuesday, October 31st. Royal Bank of Canada cut Dominion Energy Midstream Partners from an “outperform” rating to a “sector perform” rating and set a $35.00 price objective on the stock. in a research note on Monday, October 30th. They noted that the move was a valuation call. Finally, TheStreet upgraded Dominion Energy Midstream Partners from a “c” rating to a “b” rating in a research note on Monday, October 16th.

Dominion Energy Midstream Partners (NYSE:DM) traded down $0.30 during trading on Friday, hitting $28.95. The stock had a trading volume of 190,333 shares, compared to its average volume of 198,772. The stock has a market cap of $2,940.00, a PE ratio of 20.10, a P/E/G ratio of 1.29 and a beta of 1.50. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.41 and a current ratio of 0.47. Dominion Energy Midstream Partners has a 12 month low of $25.10 and a 12 month high of $34.85.

Dominion Energy Midstream Partners (NYSE:DM) last released its earnings results on Monday, January 29th. The pipeline company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.05). Dominion Energy Midstream Partners had a net margin of 25.34% and a return on equity of 2.10%. The business had revenue of $121.30 million for the quarter, compared to analysts’ expectations of $109.15 million. During the same quarter last year, the company posted $0.38 earnings per share. The business’s quarterly revenue was down 31.7% compared to the same quarter last year. equities analysts forecast that Dominion Energy Midstream Partners will post 1.62 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, February 5th will be paid a $0.318 dividend. This represents a $1.27 dividend on an annualized basis and a yield of 4.39%. This is a boost from Dominion Energy Midstream Partners’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, February 2nd. Dominion Energy Midstream Partners’s dividend payout ratio (DPR) is presently 88.19%.

Hedge funds have recently bought and sold shares of the business. Wills Financial Group Inc. lifted its stake in Dominion Energy Midstream Partners by 33.0% in the third quarter. Wills Financial Group Inc. now owns 76,731 shares of the pipeline company’s stock valued at $2,455,000 after buying an additional 19,055 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in Dominion Energy Midstream Partners by 16.1% in the third quarter. Neuberger Berman Group LLC now owns 6,300,224 shares of the pipeline company’s stock valued at $201,607,000 after buying an additional 875,159 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in Dominion Energy Midstream Partners by 189.6% in the third quarter. Chicago Partners Investment Group LLC now owns 75,409 shares of the pipeline company’s stock valued at $2,413,000 after buying an additional 49,369 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Dominion Energy Midstream Partners by 8.4% in the third quarter. Janney Montgomery Scott LLC now owns 52,025 shares of the pipeline company’s stock valued at $1,665,000 after buying an additional 4,050 shares during the last quarter. Finally, Keybank National Association OH lifted its stake in Dominion Energy Midstream Partners by 84.7% in the third quarter. Keybank National Association OH now owns 14,775 shares of the pipeline company’s stock valued at $473,000 after buying an additional 6,775 shares during the last quarter. Institutional investors own 57.58% of the company’s stock.

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Dominion Energy Midstream Partners Company 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.

Analyst Recommendations for Dominion Energy Midstream Partners (NYSE:DM)

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