Dominion Midstream Partners, LP (DM) Lifted to B at TheStreet

Dominion Midstream Partners, LP (NYSE:DM) was upgraded by TheStreet from a “c” rating to a “b” rating in a research report issued to clients and investors on Monday, October 16th.

DM has been the topic of several other reports. BidaskClub upgraded Dominion Midstream Partners, from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. Zacks Investment Research downgraded Dominion Midstream Partners, from a “hold” rating to a “strong sell” rating in a report on Friday, August 4th. Scotiabank set a $35.00 price target on Dominion Midstream Partners, and gave the stock a “buy” rating in a report on Saturday, July 22nd. Morgan Stanley downgraded Dominion Midstream Partners, from an “overweight” rating to an “underweight” rating and increased their price target for the stock from $32.00 to $33.00 in a report on Thursday, September 28th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada restated a “buy” rating and set a $35.00 price objective on shares of Dominion Midstream Partners, in a report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $34.89.

Shares of Dominion Midstream Partners, (DM) opened at 32.05 on Monday. The company has a market cap of $3.18 billion, a P/E ratio of 23.65 and a beta of 1.70. Dominion Midstream Partners, has a 52-week low of $23.20 and a 52-week high of $34.85. The company has a 50-day moving average price of $31.64 and a 200-day moving average price of $29.45.

Dominion Midstream Partners, (NYSE:DM) last announced its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The firm had revenue of $115.70 million for the quarter, compared to the consensus estimate of $130.04 million. Dominion Midstream Partners, had a net margin of 19.08% and a return on equity of 1.82%. Dominion Midstream Partners,’s quarterly revenue was up 35.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 earnings per share. On average, equities analysts predict that Dominion Midstream Partners, will post $1.28 EPS for the current year.

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A number of institutional investors and hedge funds have recently modified their holdings of DM. Neuberger Berman Group LLC lifted its position in Dominion Midstream Partners, by 44.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 5,425,065 shares of the pipeline company’s stock worth $156,513,000 after acquiring an additional 1,677,631 shares during the period. Tortoise Capital Advisors L.L.C. lifted its position in Dominion Midstream Partners, by 9.8% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 6,951,657 shares of the pipeline company’s stock worth $202,330,000 after acquiring an additional 618,423 shares during the period. Goldman Sachs Group Inc. lifted its position in Dominion Midstream Partners, by 24.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 940,838 shares of the pipeline company’s stock worth $30,059,000 after acquiring an additional 182,208 shares during the period. Spirit of America Management Corp NY lifted its position in Dominion Midstream Partners, by 18.3% during the 3rd quarter. Spirit of America Management Corp NY now owns 794,981 shares of the pipeline company’s stock worth $25,439,000 after acquiring an additional 122,882 shares during the period. Finally, Mariner Investment Group LLC lifted its position in Dominion Midstream Partners, by 460.2% during the 2nd quarter. Mariner Investment Group LLC now owns 107,000 shares of the pipeline company’s stock worth $3,087,000 after acquiring an additional 87,900 shares during the period. 54.06% of the stock is owned by institutional investors.

Dominion 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 Midstream Partners, (NYSE:DM)

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