Shares of Dominion Midstream Partners LP (NYSE:DM) fell 4% during trading on Wednesday . The stock traded as low as $26.29 and last traded at $26.44, with a volume of 74,914 shares. The stock had previously closed at $27.55.

Several brokerages recently commented on DM. Zacks Investment Research raised Dominion Midstream Partners from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Wednesday, July 6th. Stifel Nicolaus began coverage on Dominion Midstream Partners in a report on Wednesday. They issued a “hold” rating for the company. Finally, Barclays PLC lifted their price objective on Dominion Midstream Partners from $33.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, May 5th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $38.60.

The company’s 50-day moving average is $28.08 and its 200 day moving average is $29.63. The firm has a market cap of $2.06 billion and a price-to-earnings ratio of 23.20.

Dominion Midstream Partners (NYSE:DM) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.31 by $0.02. The firm earned $83 million during the quarter, compared to analysts’ expectations of $90.53 million. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. Analysts predict that Dominion Midstream Partners LP will post $1.24 EPS for the current fiscal year.

In other Dominion Midstream Partners news, Director Dominion Resources Inc /Va/ acquired 37,382 shares of the firm’s stock in a transaction dated Friday, June 17th. The stock was purchased at an average price of $26.68 per share, for a total transaction of $997,351.76. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Several institutional investors have recently added to or reduced their stakes in the stock. Chickasaw Capital Management LLC increased its position in Dominion Midstream Partners by 49.7% in the fourth quarter. Chickasaw Capital Management LLC now owns 893,125 shares of the company’s stock valued at $27,383,000 after buying an additional 296,366 shares during the last quarter. Jennison Associates LLC increased its position 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 during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position 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 during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. increased its position 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 during 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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