Dominion Energy Midstream Partners LP (NYSE:DM) Shares Bought by Alps Advisors Inc.

Alps Advisors Inc. increased its position in Dominion Energy Midstream Partners LP (NYSE:DM) by 2.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,058,176 shares of the pipeline company’s stock after purchasing an additional 110,391 shares during the period. Dominion Energy Midstream Partners accounts for about 0.9% of Alps Advisors Inc.’s holdings, making the stock its 25th biggest holding. Alps Advisors Inc. owned 6.01% of Dominion Energy Midstream Partners worth $123,571,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of DM. Signature Financial Management Inc. raised its stake in shares of Dominion Energy Midstream Partners by 42.3% during the 3rd quarter. Signature Financial Management Inc. now owns 10,000 shares of the pipeline company’s stock worth $320,000 after buying an additional 2,975 shares in the last quarter. Allianz Asset Management GmbH purchased a new position in shares of Dominion Energy Midstream Partners during the 3rd quarter worth approximately $358,000. Linscomb & Williams Inc. grew its holdings in shares of Dominion Energy Midstream Partners by 0.3% in the 2nd quarter. Linscomb & Williams Inc. now owns 13,180 shares of the pipeline company’s stock worth $380,000 after acquiring an additional 36 shares during the period. Keybank National Association OH grew its holdings in shares of Dominion Energy Midstream Partners by 84.7% in the 3rd quarter. Keybank National Association OH now owns 14,775 shares of the pipeline company’s stock worth $473,000 after acquiring an additional 6,775 shares during the period. Finally, Evergreen Capital Management LLC acquired a new stake in shares of Dominion Energy Midstream Partners in the 3rd quarter worth approximately $570,000. 57.72% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on DM shares. Zacks Investment Research cut Dominion Energy Midstream Partners from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. Scotiabank reiterated a “buy” rating and set a $35.00 target price on shares of Dominion Energy Midstream Partners in a report on Wednesday, October 25th. Mizuho restated a “buy” rating and set a $34.00 price objective on shares of Dominion Energy Midstream Partners in a report on Friday, October 20th. Royal Bank of Canada restated a “hold” rating and set a $35.00 price objective on shares of Dominion Energy Midstream Partners in a report on Tuesday, January 30th. Finally, JPMorgan Chase & Co. cut Dominion Energy Midstream Partners from an “overweight” rating to a “neutral” rating in a report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three 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 $34.22.

Dominion Energy Midstream Partners LP (DM) opened at $27.80 on Tuesday. The company has a quick ratio of 0.41, a current ratio of 0.47 and a debt-to-equity ratio of 0.08. Dominion Energy Midstream Partners LP has a 52 week low of $25.10 and a 52 week high of $34.85. The company has a market capitalization of $1,845.61, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 1.26 and a beta of 1.50.

Dominion Energy Midstream Partners (NYSE:DM) last released its quarterly earnings results on Monday, January 29th. The pipeline company reported $0.33 earnings per share for the quarter, missing the Zacks’ 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 the consensus estimate of $109.15 million. During the same period last year, the firm posted $0.38 EPS. The business’s quarterly revenue was down 31.7% on a year-over-year basis. equities research analysts predict that Dominion Energy Midstream Partners LP will post 1.55 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, February 5th will be issued a dividend of $0.318 per share. This is a boost from Dominion Energy Midstream Partners’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 2nd. This represents a $1.27 annualized dividend and a yield of 4.58%. Dominion Energy Midstream Partners’s payout ratio is presently 94.78%.

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Dominion Energy 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 Energy Midstream Partners (NYSE:DM)

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