Dominion Midstream Partners LP (NYSE:DM) dropped 3.6% during mid-day trading on Thursday . The company traded as low as $26.91 and last traded at $27.05, with a volume of 92,228 shares trading hands. The stock had previously closed at $28.05.

Several research analysts recently weighed in on DM shares. Barclays PLC started coverage on shares of Dominion Midstream Partners in a report on Wednesday, April 13th. They issued an “overweight” rating and a $33.00 target price for the company. Zacks Investment Research downgraded shares of Dominion Midstream Partners from a “hold” rating to a “sell” rating in a report on Friday, May 6th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. Dominion Midstream Partners has an average rating of “Hold” and an average price target of $38.60.

The firm has a market cap of $2.11 billion and a PE ratio of 23.74. The stock’s 50 day moving average is $28.14 and its 200 day moving average is $29.66.

Dominion Midstream Partners (NYSE:DM) last issued its earnings results on Wednesday, May 4th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The company had revenue of $83 million for the quarter, compared to analysts’ expectations of $90.53 million. Dominion Midstream Partners’s revenue was up 5.9% on a year-over-year basis. On average, equities analysts anticipate that Dominion Midstream Partners LP will post $1.24 earnings per share for the current fiscal year.

In other Dominion Midstream Partners news, Director Dominion Resources Inc /Va/ bought 37,382 shares of Dominion Midstream Partners stock in a transaction that occurred on Friday, June 17th. The stock was purchased at an average price of $26.68 per share, with a total value of $997,351.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

A number of hedge funds have recently added to or reduced their stakes in the stock. Liberty Mutual Group Asset Management Inc. raised its stake in Dominion Midstream Partners by 28.9% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 70,235 shares of the company’s stock valued at $2,153,000 after buying an additional 15,763 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Dominion Midstream Partners by 83.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 115,326 shares of the company’s stock valued at $3,536,000 after buying an additional 52,491 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in Dominion Midstream Partners by 9.7% in the fourth quarter. Jennison Associates LLC now owns 992,136 shares of the company’s stock valued at $30,419,000 after buying an additional 88,013 shares in the last quarter.

Dominion Midstream Partners, LP owns the preferred equity interests and the general partner interest of Dominion Cove Point LNG, LP (Cove Point). Cove Point owns liquefied natural gas (LNG) import, storage, regasification and transportation assets. The Company’s segment is Dominion Energy, which consists of gas transportation, LNG import and storage.

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