Hess Midstream Partners LP (HESM) Stake Increased by Franklin Square Holdings L.P.

Franklin Square Holdings L.P. grew its holdings in Hess Midstream Partners LP (NYSE:HESM) by 16.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,690 shares of the company’s stock after buying an additional 4,080 shares during the quarter. Hess Midstream Partners accounts for 0.7% of Franklin Square Holdings L.P.’s investment portfolio, making the stock its 25th largest position. Franklin Square Holdings L.P. owned about 0.11% of Hess Midstream Partners worth $546,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HESM. Wells Fargo & Company MN boosted its stake in shares of Hess Midstream Partners by 254.7% in the first quarter. Wells Fargo & Company MN now owns 273,972 shares of the company’s stock worth $5,217,000 after acquiring an additional 196,721 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Hess Midstream Partners by 2,657.8% in the fourth quarter. Deutsche Bank AG now owns 88,248 shares of the company’s stock worth $1,747,000 after acquiring an additional 85,048 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Hess Midstream Partners in the fourth quarter worth approximately $1,302,000. Allianz Asset Management GmbH acquired a new stake in shares of Hess Midstream Partners in the fourth quarter worth approximately $1,160,000. Finally, BP Capital Fund Advisors LLC boosted its stake in shares of Hess Midstream Partners by 50.7% in the fourth quarter. BP Capital Fund Advisors LLC now owns 170,468 shares of the company’s stock worth $3,377,000 after acquiring an additional 57,331 shares during the last quarter. 52.63% of the stock is currently owned by hedge funds and other institutional investors.

In related news, COO John A. Gatling acquired 5,100 shares of the stock in a transaction on Friday, March 16th. The shares were bought at an average price of $19.75 per share, with a total value of $100,725.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Separately, Zacks Investment Research raised Hess Midstream Partners from a “sell” rating to a “hold” rating in a research note on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $26.40.

NYSE HESM opened at $20.93 on Friday. The firm has a market cap of $566.60 million, a price-to-earnings ratio of 19.97, a P/E/G ratio of 1.29 and a beta of 1.66. Hess Midstream Partners LP has a fifty-two week low of $18.32 and a fifty-two week high of $23.67.

Hess Midstream Partners (NYSE:HESM) last released its quarterly earnings data on Wednesday, April 25th. The company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. The company had revenue of $157.00 million for the quarter, compared to analyst estimates of $163.20 million. Hess Midstream Partners had a return on equity of 2.24% and a net margin of 9.69%. equities analysts forecast that Hess Midstream Partners LP will post 1.24 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 14th. Shareholders of record on Friday, May 4th were paid a dividend of $0.333 per share. The ex-dividend date of this dividend was Thursday, May 3rd. This represents a $1.33 dividend on an annualized basis and a yield of 6.36%. This is a positive change from Hess Midstream Partners’s previous quarterly dividend of $0.32.

Hess Midstream Partners Profile

Hess Midstream Partners LP owns, operates, develops, and acquires midstream assets to provide services to Hess and third-party customers in the United States. It operates through three segments: Gathering, Processing and Storage, and Terminaling and Export. The gathering segment include natural gas and crude oil gathering and compression systems located primarily in McKenzie, Williams and Mountrail Counties, and North Dakota.

Institutional Ownership by Quarter for Hess Midstream Partners (NYSE:HESM)

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