Stifel Financial Corp boosted its position in Dominion Midstream Partners, LP (NYSE:DM) by 0.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,978 shares of the pipeline company’s stock after buying an additional 313 shares during the period. Stifel Financial Corp’s holdings in Dominion Midstream Partners, were worth $1,116,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of DM. BNP Paribas Arbitrage SA purchased a new position in shares of Dominion Midstream Partners, during the first quarter worth approximately $137,000. Bank of New York Mellon Corp increased its position in shares of Dominion Midstream Partners, by 371.4% in the first quarter. Bank of New York Mellon Corp now owns 36,221 shares of the pipeline company’s stock worth $1,157,000 after buying an additional 28,537 shares during the last quarter. First Trust Advisors LP increased its position in shares of Dominion Midstream Partners, by 11.0% in the first quarter. First Trust Advisors LP now owns 135,470 shares of the pipeline company’s stock worth $4,328,000 after buying an additional 13,436 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Dominion Midstream Partners, during the first quarter worth approximately $187,000. Finally, Linscomb & Williams Inc. increased its position in shares of Dominion Midstream Partners, by 26.8% in the first quarter. Linscomb & Williams Inc. now owns 13,144 shares of the pipeline company’s stock worth $420,000 after buying an additional 2,782 shares during the last quarter. Hedge funds and other institutional investors own 56.28% of the company’s stock.

Institutional Ownership by Quarter for Dominion Midstream Partners, (NYSE:DM)

Dominion Midstream Partners, LP (NYSE:DM) opened at 26.65 on Tuesday. Dominion Midstream Partners, LP has a 1-year low of $23.17 and a 1-year high of $33.70. The firm has a 50-day moving average of $29.40 and a 200 day moving average of $30.42. The firm has a market cap of $2.64 billion, a P/E ratio of 19.55 and a beta of 1.70.

Dominion Midstream Partners, (NYSE:DM) last posted its quarterly earnings results on Thursday, May 4th. The pipeline company reported $0.37 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.37. Dominion Midstream Partners, had a net margin of 20.43% and a return on equity of 1.98%. The business had revenue of $130.20 million during the quarter, compared to analyst estimates of $142.48 million. During the same period in the previous year, the business posted $0.29 EPS. The company’s quarterly revenue was up 56.9% on a year-over-year basis. On average, analysts predict that Dominion Midstream Partners, LP will post $1.38 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This report was originally reported by Daily Political and is owned by of Daily Political. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at https://www.dailypolitical.com/2017/06/20/stifel-financial-corp-has-1-12-million-position-in-dominion-midstream-partners-lp-dm.html.

Several research firms have issued reports on DM. Tudor Pickering downgraded shares of Dominion Midstream Partners, from a “buy” rating to a “hold” rating in a research note on Monday, April 3rd. TheStreet upgraded shares of Dominion Midstream Partners, from a “c+” rating to a “b-” rating in a research note on Thursday, March 23rd. Scotiabank restated a “buy” rating and issued a $35.00 price objective on shares of Dominion Midstream Partners, in a research note on Thursday, April 27th. Royal Bank Of Canada restated a “buy” rating and issued a $41.00 price objective on shares of Dominion Midstream Partners, in a research note on Monday, May 8th. Finally, Zacks Investment Research downgraded shares of Dominion Midstream Partners, from a “hold” rating to a “sell” rating in a research note on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. Dominion Midstream Partners, presently has an average rating of “Buy” and an average target price of $34.33.

About Dominion Midstream Partners,

Dominion Energy Midstream Partners, LP, formerly Dominion Midstream Partners, LP, is a limited partnership. The Company is formed to grow a portfolio of natural gas terminaling, processing, storage, transportation and related assets. The Company’s segments include Dominion Energy, which consists of gas transportation, liquefied natural gas (LNG) import and storage, and Corporate and Other.

Want to see what other hedge funds are holding DM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Midstream Partners, LP (NYSE:DM).

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.