Dominion Midstream Partners, LP (NYSE:DM) has been given an average rating of “Hold” by the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $33.88.

Several research analysts have recently commented on DM shares. Scotiabank set a $35.00 target price on Dominion Midstream Partners, and gave the stock a “buy” rating in a research note on Saturday, July 22nd. TheStreet downgraded Dominion Midstream Partners, from a “b-” rating to a “c” rating in a research note on Wednesday, May 31st. Royal Bank Of Canada reiterated a “buy” rating and set a $41.00 target price on shares of Dominion Midstream Partners, in a research note on Monday, May 8th. Barclays PLC downgraded Dominion Midstream Partners, from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $37.00 to $32.00 in a research note on Tuesday, July 18th. Finally, Zacks Investment Research upgraded Dominion Midstream Partners, from a “hold” rating to a “strong-buy” rating and set a $33.00 target price for the company in a research note on Tuesday, July 4th.

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Shares of Dominion Midstream Partners, (DM) opened at 26.85 on Friday. Dominion Midstream Partners, has a 12 month low of $23.17 and a 12 month high of $33.70. The firm’s 50-day moving average price is $27.67 and its 200-day moving average price is $30.01. The company has a market cap of $2.66 billion, a PE ratio of 19.82 and a beta of 1.67.

Dominion Midstream Partners, (NYSE:DM) last issued its earnings results on Wednesday, August 2nd. The pipeline company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.04. Dominion Midstream Partners, had a return on equity of 1.82% and a net margin of 19.08%. The business had revenue of $115.70 million for the quarter, compared to the consensus estimate of $130.04 million. During the same quarter in the prior year, the firm posted $0.28 earnings per share. The business’s revenue was up 35.2% compared to the same quarter last year. Equities analysts predict that Dominion Midstream Partners, will post $1.48 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Friday, August 4th will be paid a $0.288 dividend. The ex-dividend date of this dividend is Wednesday, August 2nd. This is an increase from Dominion Midstream Partners,’s previous quarterly dividend of $0.27. This represents a $1.15 annualized dividend and a yield of 4.29%. Dominion Midstream Partners,’s payout ratio is 84.56%.

A number of hedge funds have recently added to or reduced their stakes in DM. Alps Advisors Inc. increased its stake in Dominion Midstream Partners, by 0.3% in the second quarter. Alps Advisors Inc. now owns 15,447 shares of the pipeline company’s stock valued at $446,000 after buying an additional 40 shares during the period. Stifel Financial Corp increased its stake in Dominion Midstream Partners, by 0.9% in the first quarter. Stifel Financial Corp now owns 34,978 shares of the pipeline company’s stock valued at $1,116,000 after buying an additional 313 shares during the period. Diversified Trust Co increased its stake in Dominion Midstream Partners, by 1.5% in the second quarter. Diversified Trust Co now owns 25,836 shares of the pipeline company’s stock valued at $745,000 after buying an additional 381 shares during the period. Keybank National Association OH increased its stake in Dominion Midstream Partners, by 5.3% in the second quarter. Keybank National Association OH now owns 8,000 shares of the pipeline company’s stock valued at $231,000 after buying an additional 400 shares during the period. Finally, Proficio Capital Partners LLC increased its stake in Dominion Midstream Partners, by 12.3% in the second quarter. Proficio Capital Partners LLC now owns 9,702 shares of the pipeline company’s stock valued at $264,000 after buying an additional 1,064 shares during the period. Institutional investors and hedge funds own 57.62% of the company’s stock.

Dominion Midstream Partners, Company Profile

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.

Analyst Recommendations for Dominion Midstream Partners, (NYSE:DM)

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