Bank of New York Mellon Corp boosted its stake in shares of Rice Midstream Partners LP (NYSE:RMP) by 30.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 292,725 shares of the company’s stock after buying an additional 67,907 shares during the period. Bank of New York Mellon Corp owned 0.41% of Rice Midstream Partners worth $5,981,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in RMP. Harvest Fund Advisors LLC boosted its position in Rice Midstream Partners by 5.8% in the first quarter. Harvest Fund Advisors LLC now owns 7,135,476 shares of the company’s stock valued at $106,247,000 after buying an additional 393,643 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Rice Midstream Partners by 36.5% in the first quarter. Goldman Sachs Group Inc. now owns 3,601,348 shares of the company’s stock valued at $53,624,000 after buying an additional 962,235 shares in the last quarter. Brookfield Asset Management Inc. boosted its position in Rice Midstream Partners by 48.5% in the first quarter. Brookfield Asset Management Inc. now owns 1,154,758 shares of the company’s stock valued at $17,194,000 after buying an additional 377,148 shares in the last quarter. Spirit of America Management Corp NY boosted its position in Rice Midstream Partners by 29.1% in the second quarter. Spirit of America Management Corp NY now owns 842,792 shares of the company’s stock valued at $17,218,000 after buying an additional 189,792 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. purchased a new position in Rice Midstream Partners during the second quarter valued at $12,632,000. Institutional investors and hedge funds own 94.44% of the company’s stock.

Shares of Rice Midstream Partners LP (NYSE:RMP) traded up 0.80% during midday trading on Thursday, hitting $21.37. The company had a trading volume of 119,519 shares. The company has a 50-day moving average of $21.56 and a 200-day moving average of $18.32. Rice Midstream Partners LP has a 12 month low of $8.40 and a 12 month high of $23.67. The company has a market capitalization of $1.73 billion, a PE ratio of 16.63 and a beta of 1.36.

Rice Midstream Partners (NYSE:RMP) last announced its earnings results on Wednesday, August 3rd. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.12. Rice Midstream Partners had a return on equity of 15.87% and a net margin of 57.23%. The business earned $46.55 million during the quarter, compared to analysts’ expectations of $39.23 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The business’s revenue was up 63.0% compared to the same quarter last year. Analysts predict that Rice Midstream Partners LP will post ($0.13) earnings per share for the current year.

RMP has been the subject of several research analyst reports. Stifel Nicolaus cut Rice Midstream Partners from a “buy” rating to a “hold” rating in a report on Friday, August 26th. Zacks Investment Research upgraded Rice Midstream Partners from a “hold” rating to a “strong-buy” rating and set a $24.00 price target for the company in a report on Wednesday, September 14th. TheStreet upgraded Rice Midstream Partners from a “sell” rating to a “hold” rating in a report on Tuesday, August 23rd. Drexel Hamilton initiated coverage on Rice Midstream Partners in a report on Tuesday, August 16th. They set a “buy” rating for the company. Finally, Mitsubishi UFJ Financial Group restated an “overweight” rating on shares of Rice Midstream Partners in a report on Thursday, September 1st. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Rice Midstream Partners presently has a consensus rating of “Buy” and a consensus target price of $20.75.

About Rice Midstream Partners

Rice Midstream Partners LP owns, operates, develops and acquires midstream assets in the Appalachian Basin. The Company operates in two segments: gathering and compression, and water services. The gathering and compression segment provides natural gas gathering and compression services for Rice Energy Inc (Rice Energy) and third parties in the Appalachian Basin.

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