Dominion Energy Midstream Partners LP (DM) Expected to Post Earnings of $0.38 Per Share

Equities analysts expect that Dominion Energy Midstream Partners LP (NYSE:DM) will post earnings of $0.38 per share for the current quarter, Zacks reports. Zero analysts have made estimates for Dominion Energy Midstream Partners’ earnings, with estimates ranging from $0.35 to $0.40. Dominion Energy Midstream Partners also posted earnings per share of $0.38 in the same quarter last year. The firm is expected to announce its next earnings report on Wednesday, February 7th.

According to Zacks, analysts expect that Dominion Energy Midstream Partners will report full year earnings of $1.45 per share for the current fiscal year. For the next fiscal year, analysts forecast that the firm will post earnings of $1.24 per share, with EPS estimates ranging from $0.24 to $1.86. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Dominion Energy Midstream Partners.

Dominion Energy Midstream Partners (NYSE:DM) last announced its earnings results on Monday, October 30th. The pipeline company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The firm had revenue of $113.00 million for the quarter, compared to analysts’ expectations of $104.86 million. Dominion Energy Midstream Partners had a return on equity of 2.14% and a net margin of 22.61%. Dominion Energy Midstream Partners’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 EPS.

Several research firms recently issued reports on DM. TheStreet raised shares of Dominion Energy Midstream Partners from a “c” rating to a “b” rating in a research report on Monday, October 16th. Royal Bank of Canada reaffirmed a “buy” rating and set a $35.00 price objective on shares of Dominion Energy Midstream Partners in a research note on Wednesday, September 27th. JPMorgan Chase & Co. cut shares of Dominion Energy Midstream Partners from an “overweight” rating to a “neutral” rating in a research note on Thursday, December 14th. Morgan Stanley decreased their price objective on shares of Dominion Energy Midstream Partners from $33.00 to $32.00 and set an “underweight” rating on the stock in a research note on Friday, November 17th. Finally, Mizuho cut shares of 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. Dominion Energy Midstream Partners currently has a consensus rating of “Hold” and a consensus target price of $34.78.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atlantic Trust Group LLC bought a new stake in shares of Dominion Energy Midstream Partners during the third quarter valued at approximately $2,897,000. Chicago Partners Investment Group LLC grew its stake in shares of Dominion Energy Midstream Partners by 189.6% during 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 purchasing an additional 49,369 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of Dominion Energy Midstream Partners by 16.1% during 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 purchasing an additional 875,159 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Dominion Energy Midstream Partners during the third quarter valued at approximately $311,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of Dominion Energy Midstream Partners by 8.4% during the third quarter. Janney Montgomery Scott LLC now owns 52,025 shares of the pipeline company’s stock valued at $1,665,000 after purchasing an additional 4,050 shares during the last quarter. 58.49% of the stock is currently owned by institutional investors and hedge funds.

Shares of Dominion Energy Midstream Partners (DM) opened at $30.45 on Friday. Dominion Energy Midstream Partners has a fifty-two week low of $25.10 and a fifty-two week high of $34.85. The company has a current ratio of 0.47, a quick ratio of 0.41 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $2,048.05, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 1.16 and a beta of 1.66.

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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.

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Earnings History and Estimates for Dominion Energy Midstream Partners (NYSE:DM)

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