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

A number of brokerages have commented on DM. Zacks Investment Research cut shares of Dominion Midstream Partners from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th. Barclays PLC began coverage on shares of Dominion Midstream Partners in a research report on Wednesday, April 13th. They set an “overweight” rating and a $33.00 price target on the stock. Finally, Stifel Nicolaus began coverage on shares of Dominion Midstream Partners in a research report on Wednesday, July 13th. They set a “hold” rating on the stock. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $38.60.

The firm has a market cap of $2.10 billion and a price-to-earnings ratio of 23.64. The firm’s 50-day moving average is $27.72 and its 200 day moving average is $29.49.

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 company had revenue of $83 million for the quarter, compared to the consensus estimate of $90.53 million. The business’s revenue was up 5.9% on a year-over-year basis. Equities analysts expect that Dominion Midstream Partners LP will post $1.24 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Friday, August 5th will be given a $0.2355 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 3.49%. This is a boost from Dominion Midstream Partners’s previous quarterly dividend of $0.22.

In other news, Director Dominion Resources Inc /Va/ acquired 37,382 shares of the firm’s stock in a transaction on Friday, June 17th. The shares were purchased at an average price of $26.68 per share, for a total transaction of $997,351.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Several institutional investors have recently added to or reduced their stakes in DM. Kayne Anderson Capital Advisors LP boosted its position 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 last quarter. Chickasaw Capital Management LLC boosted 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 worth $27,383,000 after buying an additional 296,366 shares during the last quarter. Jennison Associates LLC boosted 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 worth $30,419,000 after buying an additional 88,013 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted 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 worth $3,536,000 after buying an additional 52,491 shares during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. boosted 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 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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