Dominion Midstream Partners LP (DM) Research Coverage Started at Wolfe Research
Wolfe Research began coverage on shares of Dominion Midstream Partners LP (NYSE:DM) in a research report released on Friday morning. The brokerage issued a buy rating and a $28.00 price objective on the stock.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research upgraded Dominion Midstream Partners from a hold rating to a buy rating and set a $31.00 target price on the stock in a report on Wednesday, July 6th. Stifel Nicolaus assumed coverage on Dominion Midstream Partners in a report on Wednesday, July 13th. They set a hold rating on the stock. Barclays PLC dropped their target price on Dominion Midstream Partners from $35.00 to $32.00 and set an overweight rating on the stock in a report on Thursday, August 4th. Morgan Stanley downgraded Dominion Midstream Partners from an overweight rating to an equal weight rating and dropped their target price for the company from $40.00 to $30.00 in a report on Thursday, August 18th. Finally, Mizuho assumed coverage on Dominion Midstream Partners in a report on Thursday, September 29th. They set a buy rating and a $30.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $33.40.
Dominion Midstream Partners (NYSE:DM) opened at 24.76 on Friday. Dominion Midstream Partners has a 12 month low of $23.12 and a 12 month high of $35.88. The firm has a market capitalization of $1.92 billion, a P/E ratio of 21.40 and a beta of 1.72. The stock’s 50 day moving average price is $24.78 and its 200-day moving average price is $27.79.
Dominion Midstream Partners (NYSE:DM) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by $0.01. The firm earned $85.60 million during the quarter, compared to analysts’ expectations of $93.83 million. Dominion Midstream Partners had a return on equity of 1.82% and a net margin of 19.33%. The business’s revenue for the quarter was down 18.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.26 earnings per share. On average, analysts forecast that Dominion Midstream Partners will post $1.17 earnings per share for the current year.
In other Dominion Midstream Partners news, Director Dominion Resources Inc /Va/ acquired 28,372 shares of the stock in a transaction on Tuesday, September 13th. The stock was purchased at an average price of $25.13 per share, for a total transaction of $712,988.36. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 11.17% of the company’s stock.
A number of large investors have recently modified their holdings of DM. US Bancorp DE raised 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 worth $109,000 after buying an additional 164 shares during the period. Chicago Partners Investment Group LLC raised its stake in shares of Dominion Midstream Partners by 0.4% in the second quarter. Chicago Partners Investment Group LLC now owns 51,091 shares of the company’s stock worth $1,437,000 after buying an additional 205 shares during the period. Linscomb & Williams Inc. raised 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 worth $228,000 after buying an additional 207 shares during the period. Commonwealth Equity Services Inc raised its stake in shares of Dominion Midstream Partners by 3.2% in the first quarter. Commonwealth Equity Services Inc now owns 8,079 shares of the company’s stock worth $273,000 after buying an additional 251 shares during the period. Finally, Wills Financial Group Inc. raised its stake in shares of Dominion Midstream Partners by 3.8% in the second quarter. Wills Financial Group Inc. now owns 14,920 shares of the company’s stock worth $420,000 after buying an additional 553 shares during the period. Hedge funds and other institutional investors own 37.42% of the company’s stock.
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.
Receive News & Ratings for Dominion Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Midstream Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.