Dominion Midstream Partners LP (NYSE:DM)’s share price was up 3.7% during trading on Thursday . The stock traded as high as $27.57 and last traded at $27.48, with a volume of 210,220 shares changing hands. The stock had previously closed at $26.50.

Several equities analysts recently commented on DM shares. Stifel Nicolaus started coverage on Dominion Midstream Partners in a research note on Wednesday. They issued a “hold” rating for the company. Zacks Investment Research lowered Dominion Midstream Partners from a “hold” rating to a “sell” rating in a research note on Friday, May 6th. Finally, Barclays PLC began coverage on Dominion Midstream Partners in a research report on Wednesday, April 13th. They set an “overweight” rating and a $33.00 price target for the company. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $38.60.

The company has a market capitalization of $2.07 billion and a P/E ratio of 23.33. The firm has a 50 day moving average of $28.03 and a 200 day moving average of $29.61.

Dominion Midstream Partners (NYSE:DM) last released its quarterly earnings data on Wednesday, May 4th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.31 by $0.02. The firm earned $83 million during the quarter, compared to analyst estimates of $90.53 million. Dominion Midstream Partners’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, analysts expect that Dominion Midstream Partners LP will post $1.24 EPS for the current fiscal year.

In related news, Director Dominion Resources Inc /Va/ acquired 74,764 shares of Dominion Midstream Partners stock in a transaction dated Thursday, June 16th. The stock was acquired at an average cost of $27.02 per share, with a total value of $2,020,123.28. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Several hedge funds have added to or reduced their stakes in the stock. 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 worth $30,419,000 after buying an additional 88,013 shares during the last quarter. Chickasaw Capital Management LLC raised its stake 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 worth $27,383,000 after buying an additional 296,366 shares during 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 worth $3,536,000 after buying an additional 52,491 shares during the last quarter. Finally, 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 worth $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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