Shares of Dominion Midstream Partners LP (NYSE:DM) dropped 2.6% on Thursday . The company traded as low as $26.62 and last traded at $26.92, with a volume of 69,118 shares traded. The stock had previously closed at $27.64.

DM has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Dominion Midstream Partners from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Wednesday, April 27th. Stifel Nicolaus initiated coverage on shares of Dominion Midstream Partners in a research note on Wednesday, July 13th. They issued a “hold” rating on the stock. Finally, Barclays PLC upped their target price on shares of Dominion Midstream Partners from $33.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, May 5th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $38.60.

The firm has a market cap of $2.11 billion and a PE ratio of 23.73. The stock’s 50-day moving average price is $27.79 and its 200-day moving average price is $29.52.

Dominion Midstream Partners (NYSE:DM) last issued its earnings results on Wednesday, May 4th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by $0.02. The business had revenue of $83 million for the quarter, compared to the consensus estimate of $90.53 million. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. Analysts predict that Dominion Midstream Partners LP will post $1.24 EPS for the current year.

In other news, Director Dominion Resources Inc /Va/ bought 37,382 shares of Dominion Midstream Partners stock in a transaction on Friday, June 17th. The shares were bought at an average cost of $26.68 per share, with a total value of $997,351.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Other large investors recently added to or reduced their stakes in the company. Kayne Anderson Capital Advisors LP increased its stake in Dominion Midstream Partners by 82.7% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 1,831,125 shares of the company’s stock worth $56,137,000 after buying an additional 828,909 shares during the period. Chickasaw Capital Management LLC increased 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 period. Jennison Associates LLC increased 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 period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased 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 period. Finally, Liberty Mutual Group Asset Management Inc. increased 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 period.

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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