Royal Bank of Canada restated their hold rating on shares of Dominion Energy Midstream Partners (NYSE:DM) in a research note issued to investors on Tuesday, January 30th. The firm currently has a $35.00 price objective on the pipeline company’s stock.
Several other research firms have also recently weighed in on DM. Scotiabank restated a buy rating and set a $35.00 price objective on shares of Dominion Energy Midstream Partners in a research report on Wednesday, October 25th. Zacks Investment Research upgraded shares of Dominion Energy Midstream Partners from a hold rating to a strong-buy rating and set a $37.00 price objective on the stock in a research report on Tuesday, October 24th. 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 report on Tuesday, October 31st. Guggenheim assumed coverage on shares of Dominion Energy Midstream Partners in a report on Tuesday, October 10th. They set a buy rating and a $39.00 target price on the stock. Finally, TheStreet raised shares of Dominion Energy Midstream Partners from a c rating to a b rating in a report on Monday, October 16th. 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. The stock currently has a consensus rating of Hold and an average target price of $34.22.
Dominion Energy Midstream Partners (NYSE:DM) remained flat at $$28.15 during midday trading on Tuesday. The company had a trading volume of 75,795 shares, compared to its average volume of 210,316. Dominion Energy Midstream Partners has a 12-month low of $25.10 and a 12-month high of $34.85. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.41 and a current ratio of 0.47. The firm has a market capitalization of $1,875.97, a PE ratio of 20.75, a PEG ratio of 1.28 and a beta of 1.50.
Dominion Energy Midstream Partners (NYSE:DM) last posted its earnings results on Monday, January 29th. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.05). Dominion Energy Midstream Partners had a return on equity of 2.10% and a net margin of 25.34%. The firm had revenue of $121.30 million during the quarter, compared to analysts’ expectations of $109.15 million. During the same quarter in the prior year, the company earned $0.38 earnings per share. The business’s revenue for the quarter was down 31.7% compared to the same quarter last year. equities research analysts forecast that Dominion Energy Midstream Partners will post 1.55 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Monday, February 5th will be issued a $0.318 dividend. This represents a $1.27 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend is Friday, February 2nd. This is a positive change from Dominion Energy Midstream Partners’s previous quarterly dividend of $0.30. Dominion Energy Midstream Partners’s dividend payout ratio (DPR) is 94.78%.
A number of institutional investors have recently made changes to their positions in the business. Truewealth LLC bought a new stake in Dominion Energy Midstream Partners in the 4th quarter worth $305,000. Amundi Pioneer Asset Management Inc. bought a new stake in Dominion Energy Midstream Partners in the 4th quarter worth $1,066,000. Edge Advisors LLC boosted its stake in shares of Dominion Energy Midstream Partners by 3.1% during the 4th quarter. Edge Advisors LLC now owns 218,081 shares of the pipeline company’s stock valued at $6,639,000 after purchasing an additional 6,510 shares in the last quarter. BP Capital Fund Advisors LLC boosted its stake in shares of Dominion Energy Midstream Partners by 37.3% during the 4th quarter. BP Capital Fund Advisors LLC now owns 116,505 shares of the pipeline company’s stock valued at $3,548,000 after purchasing an additional 31,653 shares in the last quarter. Finally, Icon Wealth Partners LLC bought a new stake in shares of Dominion Energy Midstream Partners during the 4th quarter valued at about $121,000. 57.72% of the stock is currently owned by institutional investors and hedge funds.
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About Dominion Energy Midstream Partners
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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