Zacks Investment Research downgraded shares of Dominion Midstream Partners, LP (NYSE:DM) from a strong-buy rating to a hold rating in a report published on Friday.

According to Zacks, “Dominion Energy Midstream Partners, LP is a Delaware limited partnership company. Its portfolio consist of natural gas terminaling, processing, storage, transportation and related assets. Dominion Energy Midstream Partners LP, formerly known as Dominion Midstream Partners LP, is headquartered in Richmond, Va. “

DM has been the subject of several other reports. Scotiabank restated a buy rating and issued a $35.00 price target on shares of Dominion Midstream Partners, in a report on Thursday, April 27th. Royal Bank Of Canada restated a buy rating and issued a $41.00 price target on shares of Dominion Midstream Partners, in a report on Monday, May 8th. BidaskClub downgraded Dominion Midstream Partners, from a sell rating to a strong sell rating in a report on Wednesday, July 12th. Tudor Pickering downgraded Dominion Midstream Partners, from a buy rating to a hold rating in a report on Monday, April 3rd. Finally, TheStreet downgraded Dominion Midstream Partners, from a b- rating to a c rating in a report on Wednesday, May 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $34.00.

Dominion Midstream Partners, (NYSE DM) opened at 27.60 on Friday. Dominion Midstream Partners, has a 52 week low of $23.17 and a 52 week high of $33.70. The stock has a market cap of $2.74 billion, a PE ratio of 20.25 and a beta of 1.69. The company has a 50-day moving average price of $28.07 and a 200-day moving average price of $30.38.

Dominion Midstream Partners, (NYSE:DM) last released its earnings results on Thursday, May 4th. The pipeline company reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. Dominion Midstream Partners, had a return on equity of 1.98% and a net margin of 20.43%. The firm had revenue of $130.20 million for the quarter, compared to analyst estimates of $142.48 million. During the same quarter in the prior year, the firm posted $0.29 earnings per share. The company’s quarterly revenue was up 56.9% on a year-over-year basis. Analysts anticipate that Dominion Midstream Partners, will post $1.42 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Dominion Midstream Partners, LP (DM) Stock Rating Lowered by Zacks Investment Research” was first posted by Daily Political and is owned by of Daily Political. If you are reading this news story on another website, it was illegally copied and reposted in violation of international copyright & trademark laws. The original version of this news story can be read at https://www.dailypolitical.com/2017/07/24/dominion-midstream-partners-lp-dm-stock-rating-lowered-by-zacks-investment-research.html.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Chickasaw Capital Management LLC increased its position in Dominion Midstream Partners, by 61.4% in the first quarter. Chickasaw Capital Management LLC now owns 5,494,455 shares of the pipeline company’s stock worth $175,548,000 after buying an additional 2,089,830 shares during the last quarter. Neuberger Berman Group LLC increased its position in Dominion Midstream Partners, by 78.6% in the first quarter. Neuberger Berman Group LLC now owns 3,747,434 shares of the pipeline company’s stock worth $119,731,000 after buying an additional 1,649,157 shares during the last quarter. JPMorgan Chase & Co. increased its position in Dominion Midstream Partners, by 46.2% in the first quarter. JPMorgan Chase & Co. now owns 1,091,797 shares of the pipeline company’s stock worth $34,883,000 after buying an additional 345,149 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Dominion Midstream Partners, by 24.0% in the first quarter. Goldman Sachs Group Inc. now owns 940,838 shares of the pipeline company’s stock worth $30,059,000 after buying an additional 182,208 shares during the last quarter. Finally, Tiedemann Wealth Management LLC purchased a new position in Dominion Midstream Partners, during the first quarter worth about $3,263,000. Institutional investors and hedge funds own 56.56% of the company’s stock.

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.

Get a free copy of the Zacks research report on Dominion Midstream Partners, (DM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Dominion Midstream Partners, (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.