Dividend Assets Capital LLC lowered its position in shares of Rice Midstream Partners LP (NYSE:RMP) by 6.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 609,669 shares of the oil and gas producer’s stock after selling 39,461 shares during the period. Dividend Assets Capital LLC’s holdings in Rice Midstream Partners were worth $12,157,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in RMP. Tortoise Capital Advisors L.L.C. raised its stake in shares of Rice Midstream Partners by 10.7% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 8,184,689 shares of the oil and gas producer’s stock worth $163,203,000 after buying an additional 788,842 shares during the last quarter. Morgan Stanley raised its stake in shares of Rice Midstream Partners by 7.2% in the first quarter. Morgan Stanley now owns 3,492,377 shares of the oil and gas producer’s stock worth $88,078,000 after buying an additional 235,377 shares during the last quarter. Brookfield Asset Management Inc. raised its stake in shares of Rice Midstream Partners by 94.7% in the first quarter. Brookfield Asset Management Inc. now owns 2,098,371 shares of the oil and gas producer’s stock worth $52,921,000 after buying an additional 1,020,490 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of Rice Midstream Partners by 55.4% in the first quarter. Clearbridge Investments LLC now owns 1,951,816 shares of the oil and gas producer’s stock worth $49,225,000 after buying an additional 695,930 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of Rice Midstream Partners by 379.5% in the first quarter. UBS Group AG now owns 1,643,365 shares of the oil and gas producer’s stock worth $41,446,000 after buying an additional 1,300,621 shares during the last quarter.

Shares of Rice Midstream Partners LP (NYSE:RMP) opened at 19.68 on Friday. The stock has a 50 day moving average of $20.22 and a 200 day moving average of $23.54. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 13.93 and a beta of 1.31. Rice Midstream Partners LP has a 12-month low of $16.87 and a 12-month high of $26.42.

Rice Midstream Partners (NYSE:RMP) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.09. Rice Midstream Partners had a net margin of 58.22% and a return on equity of 12.71%. The business had revenue of $72.38 million during the quarter, compared to analyst estimates of $58.20 million. During the same quarter last year, the firm posted $0.38 earnings per share. The business’s revenue for the quarter was up 55.5% compared to the same quarter last year. Analysts forecast that Rice Midstream Partners LP will post $1.41 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Tuesday, August 8th will be paid a $0.2711 dividend. This is a positive change from Rice Midstream Partners’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, August 4th. This represents a $1.08 annualized dividend and a dividend yield of 5.51%. Rice Midstream Partners’s dividend payout ratio (DPR) is presently 70.13%.

TRADEMARK VIOLATION WARNING: “Rice Midstream Partners LP (RMP) Shares Sold by Dividend Assets Capital LLC” was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/08/13/rice-midstream-partners-lp-rmp-shares-sold-by-dividend-assets-capital-llc.html.

A number of equities research analysts recently weighed in on RMP shares. Scotiabank set a $22.00 price objective on shares of Rice Midstream Partners and gave the company a “hold” rating in a report on Saturday, July 22nd. Wells Fargo & Company upgraded shares of Rice Midstream Partners from a “market perform” rating to an “outperform” rating in a report on Monday, July 17th. BidaskClub lowered shares of Rice Midstream Partners from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. BMO Capital Markets set a $20.00 price target on shares of Rice Midstream Partners and gave the company a “buy” rating in a report on Thursday. Finally, SunTrust Banks, Inc. lowered shares of Rice Midstream Partners from a “buy” rating to a “hold” rating and reduced their price target for the company from $28.00 to $21.00 in a report on Monday, June 19th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $23.78.

Rice Midstream Partners Company Profile

Rice Midstream Partners LP owns, operates, develops and acquires midstream assets in the Appalachian Basin. The Company’s segments are gathering and compression, and water services. The gathering and compression segment provides natural gas gathering and compression services for Rice Energy Inc (Rice Energy) and third parties in the Appalachian Basin.

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

Institutional Ownership by Quarter for Rice Midstream Partners (NYSE:RMP)

Receive News & Ratings for Rice Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rice Midstream Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.