Van ECK Associates Corp Has $1.28 Million Position in Dominion Midstream Partners, LP (DM)

Van ECK Associates Corp lowered its stake in Dominion Midstream Partners, LP (NYSE:DM) by 11.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,099 shares of the pipeline company’s stock after selling 5,188 shares during the quarter. Van ECK Associates Corp owned about 0.06% of Dominion Midstream Partners worth $1,283,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Edge Advisors LLC raised its position in shares of Dominion Midstream Partners by 3.9% during the 3rd quarter. Edge Advisors LLC now owns 211,571 shares of the pipeline company’s stock valued at $6,769,000 after buying an additional 8,017 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Dominion Midstream Partners during the 3rd quarter valued at about $3,114,000. Dividend Assets Capital LLC raised its position in shares of Dominion Midstream Partners by 163.8% during the 3rd quarter. Dividend Assets Capital LLC now owns 224,240 shares of the pipeline company’s stock valued at $7,176,000 after buying an additional 139,240 shares in the last quarter. Alps Advisors Inc. raised its position in shares of Dominion Midstream Partners by 25,457.0% during the 3rd quarter. Alps Advisors Inc. now owns 3,947,785 shares of the pipeline company’s stock valued at $126,329,000 after buying an additional 3,932,338 shares in the last quarter. Finally, Keybank National Association OH grew its holdings in Dominion Midstream Partners by 84.7% during the 3rd quarter. Keybank National Association OH now owns 14,775 shares of the pipeline company’s stock valued at $473,000 after purchasing an additional 6,775 shares during the last quarter. Institutional investors and hedge funds own 58.64% of the company’s stock.

Dominion Midstream Partners, LP (DM) opened at $31.85 on Monday. 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 Midstream Partners, LP has a one year low of $25.10 and a one year high of $34.85. The stock has a market cap of $2,149.27, a P/E ratio of 22.91, a PEG ratio of 1.22 and a beta of 1.66.

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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Monday, November 6th were paid a dividend of $0.3025 per share. The ex-dividend date was Friday, November 3rd. 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 dividend yield of 3.80%. Dominion Midstream Partners’s dividend payout ratio (DPR) is currently 87.05%.

Several equities analysts recently commented on the stock. Morgan Stanley cut their price target on shares of Dominion Midstream Partners from $33.00 to $32.00 and set an “underweight” rating on the stock in a report on Friday, November 17th. Zacks Investment Research downgraded shares of Dominion Midstream Partners from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 14th. Mizuho downgraded shares of Dominion Midstream Partners from a “buy” rating to a “neutral” rating and set a $34.00 target price on the stock. in a research note on Tuesday, October 31st. Royal Bank Of Canada downgraded shares of Dominion Midstream Partners from an “outperform” rating to a “sector perform” rating and set a $35.00 target price on the stock. in a research note on Monday, October 30th. They noted that the move was a valuation call. Finally, Scotiabank restated a “buy” rating and issued a $35.00 target price on shares of Dominion Midstream Partners in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $34.78.

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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)

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