Tortoise Capital Advisors L.L.C. increased its stake in shares of Dominion Midstream Partners, LP (NYSE:DM) by 9.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,951,657 shares of the pipeline company’s stock after buying an additional 618,423 shares during the period. Dominion Midstream Partners, makes up approximately 1.3% of Tortoise Capital Advisors L.L.C.’s investment portfolio, making the stock its 26th largest position. Tortoise Capital Advisors L.L.C. owned about 7.01% of Dominion Midstream Partners, worth $202,330,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DM. Chickasaw Capital Management LLC boosted its stake in shares of 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 valued at $175,548,000 after buying an additional 2,089,830 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in shares of 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 valued at $119,731,000 after buying an additional 1,649,157 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of 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 valued at $34,883,000 after buying an additional 345,149 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of 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 valued at $30,059,000 after buying an additional 182,208 shares in the last quarter. Finally, Tiedemann Wealth Management LLC bought a new stake in shares of Dominion Midstream Partners, during the first quarter valued at $3,263,000. Institutional investors own 57.62% of the company’s stock.

Shares of Dominion Midstream Partners, LP (NYSE:DM) opened at 26.35 on Monday. The firm has a 50-day moving average price of $27.84 and a 200 day moving average price of $30.24. Dominion Midstream Partners, LP has a 12-month low of $23.17 and a 12-month high of $33.70. The stock has a market cap of $2.61 billion, a PE ratio of 17.72 and a beta of 1.67.

Dominion Midstream Partners, (NYSE:DM) last announced its earnings results on Wednesday, August 2nd. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.04. Dominion Midstream Partners, had a net margin of 19.08% and a return on equity of 1.88%. The business had revenue of $115.70 million for the quarter, compared to analysts’ expectations of $130.04 million. During the same quarter last year, the firm earned $0.28 EPS. The firm’s quarterly revenue was up 35.2% on a year-over-year basis. Equities research analysts expect that Dominion Midstream Partners, LP will post $1.50 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Friday, August 4th will be given a dividend of $0.288 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.37%. The ex-dividend date is Wednesday, August 2nd. This is a positive change from Dominion Midstream Partners,’s previous quarterly dividend of $0.27. Dominion Midstream Partners,’s payout ratio is 84.56%.

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DM has been the subject of several research analyst reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $41.00 price objective on shares of Dominion Midstream Partners, in a report on Monday, May 8th. Zacks Investment Research cut Dominion Midstream Partners, from a “hold” rating to a “sell” rating in a report on Friday, May 5th. TheStreet cut Dominion Midstream Partners, from a “b-” rating to a “c” rating in a report on Wednesday, May 31st. Scotiabank reiterated a “buy” rating and issued a $35.00 price objective on shares of Dominion Midstream Partners, in a report on Thursday, April 27th. Finally, BidaskClub upgraded Dominion Midstream Partners, from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. Dominion Midstream Partners, presently has an average rating of “Hold” and an average target price of $33.78.

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.

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

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