Dominion Midstream Partners, LP (NYSE:DM) Earns “Buy” Rating from Mizuho

Mizuho restated their buy rating on shares of Dominion Midstream Partners, LP (NYSE:DM) in a research note released on Friday, October 20th. The firm currently has a $34.00 price objective on the pipeline company’s stock.

Several other equities research analysts have also recently issued reports on the company. 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. BidaskClub upgraded Dominion Midstream Partners, from a strong sell rating to a sell rating in a report on Saturday, August 12th. Zacks Investment Research upgraded Dominion Midstream Partners, from a sell rating to a hold rating in a report on Tuesday, August 15th. Guggenheim initiated coverage on Dominion Midstream Partners, in a report on Tuesday, October 10th. They issued a buy rating and a $39.00 target price on the stock. Finally, Stifel Nicolaus set a $33.00 target price on Dominion Midstream Partners, and gave the company a buy rating in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Dominion Midstream Partners, has an average rating of Buy and a consensus target price of $34.89.

Dominion Midstream Partners, (DM) opened at 32.10 on Friday. The company has a market capitalization of $3.19 billion, a P/E ratio of 23.69 and a beta of 1.70. The stock’s 50 day moving average price is $31.85 and its 200-day moving average price is $29.47. Dominion Midstream Partners, has a 52-week low of $23.20 and a 52-week high of $34.85.

Dominion Midstream Partners, (NYSE:DM) last announced its 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 company had revenue of $115.70 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 EPS. Analysts predict that Dominion Midstream Partners, will post $1.28 earnings per share for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Monday, November 6th will be paid a $0.3025 dividend. This is an increase from Dominion Midstream Partners,’s previous quarterly dividend of $0.29. This represents a $1.21 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Friday, November 3rd. Dominion Midstream Partners,’s payout ratio is presently 84.56%.

A number of hedge funds have recently modified their holdings of DM. BNP Paribas Arbitrage SA acquired a new position in Dominion Midstream Partners, in the first quarter valued at approximately $137,000. Signature Financial Management Inc. acquired a new position in shares of Dominion Midstream Partners, during the second quarter worth approximately $202,000. Keybank National Association OH boosted its position in shares of Dominion Midstream Partners, by 5.3% during the second quarter. Keybank National Association OH now owns 8,000 shares of the pipeline company’s stock worth $231,000 after buying an additional 400 shares during the period. Botty Investors LLC boosted its position in shares of Dominion Midstream Partners, by 772.9% during the second quarter. Botty Investors LLC now owns 8,616 shares of the pipeline company’s stock worth $249,000 after buying an additional 7,629 shares during the period. Finally, Proficio Capital Partners LLC boosted its position in shares of Dominion Midstream Partners, by 12.3% during the second quarter. Proficio Capital Partners LLC now owns 9,702 shares of the pipeline company’s stock worth $264,000 after buying an additional 1,064 shares during the period. Institutional investors own 54.06% of the company’s stock.

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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