Dominion Midstream Partners LP (NYSE:DM) dropped 0.8% during trading on Tuesday . The stock traded as low as $25.03 and last traded at $25.17, with a volume of 132,514 shares. The stock had previously closed at $25.37.

DM has been the subject of several research reports. Zacks Investment Research lowered Dominion Midstream Partners from a “hold” rating to a “sell” rating in a research note on Friday, May 6th. Stifel Nicolaus initiated coverage on Dominion Midstream Partners in a research note on Wednesday, July 13th. They set a “hold” rating for the company. Barclays PLC cut their price objective on Dominion Midstream Partners from $35.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday, August 4th. Finally, Morgan Stanley lowered Dominion Midstream Partners from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $40.00 to $30.00 in a research note on Thursday, August 18th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Dominion Midstream Partners currently has an average rating of “Hold” and a consensus target price of $35.50.

The firm has a 50-day moving average of $26.38 and a 200 day moving average of $29.27. The company has a market cap of $1.92 billion and a price-to-earnings ratio of 21.341.

Dominion Midstream Partners (NYSE:DM) last announced its earnings results on Wednesday, August 3rd. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by $0.01. The firm had revenue of $85.60 million for the quarter, compared to analyst estimates of $93.83 million. The business’s revenue for the quarter was down 18.8% on a year-over-year basis. During the same period last year, the business earned $0.26 EPS. On average, equities analysts predict that Dominion Midstream Partners LP will post $1.19 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Friday, August 5th were paid a dividend of $0.2355 per share. The ex-dividend date was Wednesday, August 3rd. This represents a $0.94 annualized dividend and a dividend yield of 3.86%. This is a boost from Dominion Midstream Partners’s previous quarterly dividend of $0.22.

In other news, Director Dominion Resources Inc /Va/ acquired 74,764 shares of Dominion Midstream Partners stock in a transaction that occurred on Thursday, June 16th. The stock was purchased at an average price of $27.02 per share, for a total transaction of $2,020,123.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

A hedge fund recently raised its stake in Dominion Midstream Partners stock. Jennison Associates LLC increased its position in shares of Dominion Midstream Partners LP (NYSE:DM) by 9.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 992,136 shares of the company’s stock after buying an additional 88,013 shares during the period. Jennison Associates LLC owned 1.28% of Dominion Midstream Partners worth $30,419,000 as of its most recent SEC filing.

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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