Dominion Midstream Partners, LP (NYSE:DM)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $33.78 and last traded at $33.73, with a volume of 501,894 shares changing hands. The stock had previously closed at $31.85.

Several equities analysts have issued reports on the stock. Morgan Stanley raised shares of Dominion Midstream Partners, from an “equal weight” rating to an “overweight” rating and set a $32.00 price objective on the stock in a research note on Wednesday, August 30th. BidaskClub raised shares of Dominion Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Zacks Investment Research raised shares of Dominion Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Stifel Nicolaus set a $33.00 price objective on shares of Dominion Midstream Partners, and gave the company a “buy” rating in a research note on Thursday, August 3rd. Finally, Scotiabank set a $35.00 price objective on shares of Dominion Midstream Partners, and gave the company a “buy” rating in a research note on Saturday, July 22nd. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Dominion Midstream Partners, presently has a consensus rating of “Buy” and a consensus target price of $34.00.

The company has a market cap of $3.35 billion, a price-to-earnings ratio of 24.91 and a beta of 1.66. The firm has a 50-day moving average price of $27.71 and a 200-day moving average price of $29.24.

Dominion Midstream Partners, (NYSE:DM) last issued its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The business had revenue of $115.70 million for the quarter, compared to analyst estimates of $130.04 million. Dominion Midstream Partners, had a net margin of 19.08% and a return on equity of 1.82%. Dominion Midstream Partners,’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same period last year, the business posted $0.28 earnings per share. Equities analysts predict that Dominion Midstream Partners, LP will post $1.30 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Linscomb & Williams Inc. increased its holdings in shares of Dominion Midstream Partners, by 0.3% during the second quarter. Linscomb & Williams Inc. now owns 13,180 shares of the pipeline company’s stock valued at $380,000 after purchasing an additional 36 shares during the period. Alps Advisors Inc. increased its holdings in shares of Dominion Midstream Partners, by 0.3% during the second quarter. Alps Advisors Inc. now owns 15,447 shares of the pipeline company’s stock valued at $446,000 after purchasing an additional 40 shares during the period. Stifel Financial Corp increased its holdings in shares of Dominion Midstream Partners, by 0.9% during the first quarter. Stifel Financial Corp now owns 34,978 shares of the pipeline company’s stock valued at $1,116,000 after purchasing an additional 313 shares during the period. Diversified Trust Co grew its holdings in Dominion Midstream Partners, by 1.5% during the second quarter. Diversified Trust Co now owns 25,836 shares of the pipeline company’s stock worth $745,000 after acquiring an additional 381 shares during the period. Finally, Keybank National Association OH grew its holdings in Dominion Midstream Partners, by 5.3% during the second quarter. Keybank National Association OH now owns 8,000 shares of the pipeline company’s stock worth $231,000 after acquiring an additional 400 shares during the period. 53.87% of the stock is currently owned by institutional investors.

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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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