Kayne Anderson Capital Advisors LP lessened its holdings in shares of Dominion Midstream Partners, LP (NYSE:DM) by 37.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,167,342 shares of the pipeline company’s stock after selling 693,320 shares during the period. Kayne Anderson Capital Advisors LP owned approximately 1.73% of Dominion Midstream Partners, worth $37,348,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Mariner Investment Group LLC grew its holdings in Dominion Midstream Partners, by 460.2% during the second quarter. Mariner Investment Group LLC now owns 107,000 shares of the pipeline company’s stock worth $3,087,000 after acquiring an additional 87,900 shares during the period. Wills Financial Group Inc. grew its holdings in Dominion Midstream Partners, by 12.5% during the second quarter. Wills Financial Group Inc. now owns 57,676 shares of the pipeline company’s stock worth $1,664,000 after acquiring an additional 6,396 shares during the period. Freestone Capital Holdings LLC grew its holdings in Dominion Midstream Partners, by 48.4% during the second quarter. Freestone Capital Holdings LLC now owns 156,408 shares of the pipeline company’s stock worth $4,512,000 after acquiring an additional 50,984 shares during the period. Castleton Investment Management LLC acquired a new position in Dominion Midstream Partners, during the second quarter worth $894,000. Finally, State of New Jersey Common Pension Fund D grew its holdings in Dominion Midstream Partners, by 57.4% during the second quarter. State of New Jersey Common Pension Fund D now owns 87,500 shares of the pipeline company’s stock worth $2,524,000 after acquiring an additional 31,900 shares during the period. 48.76% of the stock is currently owned by hedge funds and other institutional investors.

DM has been the topic of a number of recent analyst reports. Morgan Stanley raised Dominion Midstream Partners, from an “equal weight” rating to an “overweight” rating and set a $32.00 price objective on the stock in a report on Wednesday, August 30th. BidaskClub upgraded Dominion Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Scotiabank reiterated a “buy” rating and set a $35.00 target price on shares of Dominion Midstream Partners, in a research report on Wednesday, October 25th. Zacks Investment Research upgraded Dominion Midstream Partners, from a “hold” rating to a “strong-buy” rating and set a $37.00 target price on the stock in a research report on Tuesday, October 24th. Finally, Guggenheim began coverage on Dominion Midstream Partners, in a research report on Tuesday, October 10th. They set a “buy” rating and a $39.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Dominion Midstream Partners, presently has an average rating of “Hold” and a consensus price target of $34.78.

Dominion Midstream Partners, LP (NYSE DM) traded down $0.10 on Wednesday, reaching $30.95. The company’s stock had a trading volume of 515,800 shares, compared to its average volume of 222,888. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.41 and a current ratio of 0.47. The stock has a market capitalization of $3,080.00, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 1.19 and a beta of 1.68. Dominion Midstream Partners, LP has a one year low of $24.40 and a one year high of $34.85.

Dominion Midstream Partners, (NYSE:DM) last issued its quarterly earnings data on Monday, October 30th. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.04. Dominion Midstream Partners, had a return on equity of 2.14% and a net margin of 22.61%. The business had revenue of $113.00 million for the quarter, compared to the consensus estimate of $104.86 million. During the same period in the prior year, the business earned $0.30 earnings per share. The business’s revenue was up 18.7% on a year-over-year basis. equities analysts anticipate that Dominion Midstream Partners, LP will post 1.45 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Monday, November 6th were given a $0.3025 dividend. This is an increase from Dominion Midstream Partners,’s previous quarterly dividend of $0.29. This represents a $1.21 annualized dividend and a dividend yield of 3.91%. The ex-dividend date was Friday, November 3rd. Dominion Midstream Partners,’s dividend payout ratio is currently 90.30%.

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Dominion Midstream Partners, 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.

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

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