Dominion Midstream Partners LP (NYSE:DM) Director Dominion Resources Inc /Va/ acquired 28,372 shares of Dominion Midstream Partners stock in a transaction dated Tuesday, September 13th. The stock was bought at an average price of $25.13 per share, with a total value of $712,988.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Dominion Resources Inc /Va/ also recently made the following trade(s):

  • On Friday, September 16th, Dominion Resources Inc /Va/ acquired 56,744 shares of Dominion Midstream Partners stock. The stock was bought at an average price of $25.04 per share, with a total value of $1,420,869.76.
  • On Tuesday, September 6th, Dominion Resources Inc /Va/ acquired 29,046 shares of Dominion Midstream Partners stock. The stock was bought at an average price of $25.43 per share, with a total value of $738,639.78.
  • On Friday, August 26th, Dominion Resources Inc /Va/ acquired 54,337 shares of Dominion Midstream Partners stock. The stock was bought at an average price of $25.17 per share, with a total value of $1,367,662.29.

Dominion Midstream Partners LP (NYSE:DM) opened at 24.33 on Wednesday. The company has a 50 day moving average of $25.41 and a 200-day moving average of $28.74. Dominion Midstream Partners LP has a one year low of $23.12 and a one year high of $35.88. The company has a market cap of $1.89 billion, a P/E ratio of 21.03 and a beta of 1.71.

Dominion Midstream Partners (NYSE:DM) last posted its earnings results on Wednesday, August 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $85.60 million for the quarter, compared to analyst estimates of $93.83 million. Dominion Midstream Partners had a net margin of 19.33% and a return on equity of 1.82%. The company’s revenue for the quarter was down 18.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 earnings per share. On average, equities analysts expect that Dominion Midstream Partners LP will post $1.17 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on DM shares. Zacks Investment Research upgraded Dominion Midstream Partners from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Wednesday, July 6th. Stifel Nicolaus started coverage on Dominion Midstream Partners in a research note on Wednesday, July 13th. They issued a “hold” rating for the company. Barclays PLC cut their price target 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 target for the stock from $40.00 to $30.00 in a research note on Thursday, August 18th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. Dominion Midstream Partners currently has an average rating of “Hold” and an average target price of $34.88.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Tortoise Capital Advisors L.L.C. increased its position in Dominion Midstream Partners by 2.2% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 2,861,093 shares of the company’s stock worth $80,483,000 after buying an additional 61,986 shares in the last quarter. Harvest Fund Advisors LLC increased its position in Dominion Midstream Partners by 5.9% in the first quarter. Harvest Fund Advisors LLC now owns 959,686 shares of the company’s stock worth $32,389,000 after buying an additional 53,068 shares in the last quarter. Center Coast Capital Advisors LP increased its position in Dominion Midstream Partners by 41.5% in the second quarter. Center Coast Capital Advisors LP now owns 804,325 shares of the company’s stock worth $22,626,000 after buying an additional 235,963 shares in the last quarter. Duff & Phelps Investment Management Co. increased its position in Dominion Midstream Partners by 11.1% in the second quarter. Duff & Phelps Investment Management Co. now owns 401,100 shares of the company’s stock worth $11,283,000 after buying an additional 40,000 shares in the last quarter. Finally, Westwood Holdings Group Inc. increased its position in Dominion Midstream Partners by 4.3% in the second quarter. Westwood Holdings Group Inc. now owns 395,664 shares of the company’s stock worth $11,130,000 after buying an additional 16,230 shares in the last quarter. Institutional investors own 37.42% of the company’s stock.

About Dominion Midstream Partners

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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