Dominion Midstream Partners LP (NYSE:DM) Director Dominion Resources Inc /Va/ purchased 56,744 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The stock was 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Tuesday, September 13th, Dominion Resources Inc /Va/ purchased 28,372 shares of Dominion Midstream Partners stock. The stock was 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/ purchased 29,046 shares of Dominion Midstream Partners stock. The stock was 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/ purchased 54,337 shares of Dominion Midstream Partners stock. The stock was 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 market cap of $1.89 billion, a PE ratio of 21.05 and a beta of 1.71. The stock’s 50 day moving average is $25.26 and its 200-day moving average is $28.67. Dominion Midstream Partners LP has a 12-month low of $23.12 and a 12-month high of $35.88.

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

A number of research firms recently issued reports on DM. Zacks Investment Research raised shares of 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 began coverage on shares of Dominion Midstream Partners in a research note on Wednesday, July 13th. They issued a “hold” rating for the company. Barclays PLC decreased their price target on shares of 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 downgraded shares of Dominion Midstream Partners from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $40.00 to $30.00 in a research note on Thursday, August 18th. Two 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 presently has an average rating of “Hold” and an average price target of $34.88.

Hedge funds have recently made changes to their positions in the company. Simplex Trading LLC purchased a new stake in shares of Dominion Midstream Partners during the second quarter valued at about $100,000. US Bancorp DE increased its stake in shares of Dominion Midstream Partners by 4.4% in the second quarter. US Bancorp DE now owns 3,864 shares of the company’s stock valued at $109,000 after buying an additional 164 shares during the last quarter. Global X Management Co. LLC purchased a new stake in shares of Dominion Midstream Partners during the second quarter valued at about $170,000. Linscomb & Williams Inc. increased its stake in shares of Dominion Midstream Partners by 2.6% in the second quarter. Linscomb & Williams Inc. now owns 8,120 shares of the company’s stock valued at $228,000 after buying an additional 207 shares during the last quarter. Finally, Commonwealth Equity Services Inc increased its stake in shares of Dominion Midstream Partners by 4.3% in the second quarter. Commonwealth Equity Services Inc now owns 8,430 shares of the company’s stock valued at $237,000 after buying an additional 351 shares during the last quarter. 37.42% of the stock is owned by institutional investors and hedge funds.

Dominion Midstream Partners Company Profile

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.

5 Day Chart for NYSE:DM

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