Dominion Energy Midstream Partners LP (DM) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its stake in Dominion Energy Midstream Partners LP (NYSE:DM) by 6.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 51,202 shares of the pipeline company’s stock after selling 3,715 shares during the period. California Public Employees Retirement System’s holdings in Dominion Energy Midstream Partners were worth $696,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Commonwealth Equity Services LLC acquired a new position in Dominion Energy Midstream Partners in the 2nd quarter valued at about $150,000. Tower Research Capital LLC TRC acquired a new position in Dominion Energy Midstream Partners in the 2nd quarter valued at about $194,000. Lake Street Advisors Group LLC acquired a new position in Dominion Energy Midstream Partners in the 2nd quarter valued at about $228,000. GSA Capital Partners LLP acquired a new position in Dominion Energy Midstream Partners in the 2nd quarter valued at about $381,000. Finally, Franklin Square Holdings L.P. acquired a new position in Dominion Energy Midstream Partners in the 2nd quarter valued at about $408,000. Hedge funds and other institutional investors own 27.57% of the company’s stock.

Shares of Dominion Energy Midstream Partners stock opened at $17.93 on Friday. Dominion Energy Midstream Partners LP has a one year low of $12.55 and a one year high of $32.95. The stock has a market cap of $2.24 billion, a PE ratio of 13.28 and a beta of 1.67. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.24 and a quick ratio of 1.24.

Dominion Energy Midstream Partners (NYSE:DM) last announced its quarterly earnings results on Thursday, November 1st. The pipeline company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.04). The business had revenue of $284.20 million during the quarter, compared to analyst estimates of $298.60 million. Dominion Energy Midstream Partners had a net margin of 21.93% and a return on equity of 2.70%. The business’s revenue for the quarter was up 151.5% compared to the same quarter last year. During the same period last year, the company earned $0.33 earnings per share. On average, sell-side analysts predict that Dominion Energy Midstream Partners LP will post 1.58 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Monday, November 5th will be issued a $0.369 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 8.23%. This is an increase from Dominion Energy Midstream Partners’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, November 2nd. Dominion Energy Midstream Partners’s dividend payout ratio is 109.63%.

Several equities analysts have weighed in on DM shares. Barclays set a $17.00 target price on Dominion Energy Midstream Partners and gave the company a “hold” rating in a research report on Friday, October 12th. Zacks Investment Research downgraded Dominion Energy Midstream Partners from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 23rd. Morgan Stanley lifted their target price on Dominion Energy Midstream Partners from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Friday, September 21st. Finally, Citigroup downgraded Dominion Energy Midstream Partners from a “buy” rating to a “neutral” rating and set a $17.00 target price for the company. in a research report on Thursday, September 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Dominion Energy Midstream Partners currently has a consensus rating of “Hold” and an average price target of $21.70.

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About Dominion Energy Midstream Partners

Dominion Energy Midstream Partners, LP owns liquefied natural gas (LNG) terminalling, storage, regasification, and transportation assets. It owns and operates LNG terminalling and storage facility located on the Chesapeake Bay in Lusby, Maryland. The company also operates an interstate pipeline in South Carolina and southeastern Georgia comprising natural gas system consisting of approximately 1,500 miles of transmission pipeline and 5 compressor stations with approximately 34,500 installed compressor horsepower.

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Institutional Ownership by Quarter for Dominion Energy Midstream Partners (NYSE:DM)

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