Dominion Midstream Partners (NYSE:DM) had its price target reduced by analysts at Morgan Stanley from $33.00 to $32.00 in a research report issued on Friday, November 17th. The firm presently has an “underweight” rating on the pipeline company’s stock. Morgan Stanley’s target price suggests a potential upside of 1.75% from the company’s previous close.
A number of other research analysts have also weighed in on the company. Zacks Investment Research raised Dominion Midstream Partners from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective on the stock in a report on Tuesday, October 24th. Scotiabank set a $35.00 target price on Dominion Midstream Partners and gave the stock a “buy” rating in a report on Saturday, July 22nd. Mizuho lowered Dominion Midstream Partners from a “buy” rating to a “neutral” rating and set a $34.00 target price on the stock. in a report on Tuesday, October 31st. BidaskClub raised Dominion Midstream Partners from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Finally, TheStreet raised Dominion 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, six have given a hold rating and four have given a buy rating to the company’s stock. Dominion Midstream Partners presently has a consensus rating of “Hold” and an average price target of $34.78.
Dominion Midstream Partners (NYSE:DM) traded down $0.55 during trading on Friday, reaching $31.45. The company’s stock had a trading volume of 188,239 shares, compared to its average volume of 220,119. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.41 and a current ratio of 0.47. Dominion Midstream Partners has a 52 week low of $25.10 and a 52 week high of $34.85. The stock has a market capitalization of $2,145.90, a PE ratio of 22.88, a PEG ratio of 1.22 and a beta of 1.66.
Dominion Midstream Partners (NYSE:DM) last announced its quarterly earnings data on Monday, October 30th. The pipeline company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $113.00 million for the quarter, compared to analyst estimates of $104.86 million. Dominion Midstream Partners had a return on equity of 2.14% and a net margin of 22.61%. The company’s revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 earnings per share. equities research analysts predict that Dominion Midstream Partners will post 1.45 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of DM. Signature Financial Management Inc. acquired a new position in Dominion Midstream Partners during the 2nd quarter worth $202,000. Keybank National Association OH grew its stake in Dominion Midstream Partners by 5.3% in the second quarter. Keybank National Association OH now owns 8,000 shares of the pipeline company’s stock worth $231,000 after purchasing an additional 400 shares in the last quarter. Botty Investors LLC lifted its holdings in Dominion Midstream Partners by 772.9% in the second quarter. Botty Investors LLC now owns 8,616 shares of the pipeline company’s stock worth $249,000 after acquiring an additional 7,629 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in Dominion Midstream Partners by 12.3% in the second quarter. Proficio Capital Partners LLC now owns 9,702 shares of the pipeline company’s stock worth $264,000 after acquiring an additional 1,064 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in Dominion Midstream Partners in the third quarter worth about $311,000. 58.64% of the stock is currently owned by institutional investors.
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About Dominion 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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