Dominion Midstream Partners LP (NYSE:DM) Director Dominion Resources Inc /Va/ bought 56,744 shares of the stock in a transaction that occurred on Friday, September 16th. The shares were bought at an average cost of $25.04 per share, with a total value of $1,420,869.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Tuesday, September 13th, Dominion Resources Inc /Va/ bought 28,372 shares of Dominion Midstream Partners stock. The shares were bought at an average cost of $25.13 per share, with a total value of $712,988.36.
  • On Tuesday, September 6th, Dominion Resources Inc /Va/ bought 29,046 shares of Dominion Midstream Partners stock. The shares were bought at an average cost of $25.43 per share, with a total value of $738,639.78.
  • On Friday, August 26th, Dominion Resources Inc /Va/ bought 54,337 shares of Dominion Midstream Partners stock. The shares were bought at an average cost of $25.17 per share, with a total value of $1,367,662.29.

Shares of Dominion Midstream Partners LP (NYSE:DM) opened at 24.36 on Friday. The stock has a 50 day moving average price of $25.26 and a 200 day moving average price of $28.67. Dominion Midstream Partners LP has a 52 week low of $23.12 and a 52 week high of $35.88. The firm has a market capitalization of $1.89 billion, a P/E ratio of 21.05 and a beta of 1.71.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Tortoise Capital Advisors L.L.C. raised its position in shares of 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 valued at $80,483,000 after buying an additional 61,986 shares during the period. Harvest Fund Advisors LLC raised its position in shares of Dominion Midstream Partners by 5.9% in the first quarter. Harvest Fund Advisors LLC now owns 959,686 shares of the company’s stock valued at $32,389,000 after buying an additional 53,068 shares during the period. Center Coast Capital Advisors LP raised its position in shares of 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 valued at $22,626,000 after buying an additional 235,963 shares during the period. Duff & Phelps Investment Management Co. raised its position in shares of 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 valued at $11,283,000 after buying an additional 40,000 shares during the period. Finally, Westwood Holdings Group Inc. raised its position in shares of Dominion Midstream Partners by 4.3% in the second quarter. Westwood Holdings Group Inc. now owns 395,664 shares of the company’s stock valued at $11,130,000 after buying an additional 16,230 shares during the period. Institutional investors own 37.42% of the company’s stock.

DM has been the subject of several analyst reports. Zacks Investment Research raised Dominion Midstream Partners from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Wednesday, July 6th. Stifel Nicolaus raised Dominion Midstream Partners from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Wednesday, September 14th. They noted that the move was a valuation call. Morgan Stanley lowered Dominion Midstream Partners from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $40.00 to $30.00 in a research report on Thursday, August 18th. Finally, Barclays PLC lowered their target price on Dominion Midstream Partners from $35.00 to $32.00 and set an “overweight” rating for the company in a research report on Thursday, August 4th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $34.88.

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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