Investors Buy Large Volume of Put Options on Dominion Energy Midstream Partners (DM)
Dominion Energy Midstream Partners LP (NYSE:DM) saw unusually large options trading on Monday. Stock traders acquired 6,020 put options on the company. This represents an increase of approximately 3,505% compared to the average daily volume of 167 put options.
A number of equities research analysts recently commented on DM shares. Zacks Investment Research downgraded Dominion Energy Midstream Partners from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Stifel Nicolaus upped their price objective on Dominion Energy Midstream Partners from $13.00 to $15.00 and gave the company a “hold” rating in a report on Monday, July 9th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.75.
NYSE DM opened at $17.75 on Wednesday. The stock has a market capitalization of $2.22 billion, a P/E ratio of 12.94 and a beta of 1.97. The company has a quick ratio of 1.24, a current ratio of 1.42 and a debt-to-equity ratio of 0.13. Dominion Energy Midstream Partners has a 12 month low of $12.55 and a 12 month high of $34.85.
A number of large investors have recently bought and sold shares of DM. Wells Fargo & Company MN grew its stake in Dominion Energy Midstream Partners by 44.5% in the first quarter. Wells Fargo & Company MN now owns 127,622 shares of the pipeline company’s stock valued at $1,958,000 after acquiring an additional 39,299 shares during the period. SG Americas Securities LLC acquired a new position in Dominion Energy Midstream Partners in the first quarter valued at about $740,000. BlackRock Inc. grew its stake in Dominion Energy Midstream Partners by 1.0% in the first quarter. BlackRock Inc. now owns 426,056 shares of the pipeline company’s stock valued at $6,540,000 after acquiring an additional 4,300 shares during the period. JPMorgan Chase & Co. grew its stake in Dominion Energy Midstream Partners by 66.8% in the first quarter. JPMorgan Chase & Co. now owns 1,064,803 shares of the pipeline company’s stock valued at $16,345,000 after acquiring an additional 426,299 shares during the period. Finally, Municipal Employees Retirement System of Michigan grew its stake in Dominion Energy Midstream Partners by 146.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 239,410 shares of the pipeline company’s stock valued at $3,675,000 after acquiring an additional 142,100 shares during the period. 30.22% of the stock is owned by hedge funds and other institutional investors.
Dominion Energy Midstream Partners Company Profile
Dominion Energy Midstream Partners, LP owns liquefied natural gas (LNG) terminalling, storage, regasification, and transportation assets. It owns and operates LNG terminalling and storage facility located on the Chesapeake Bay in Lusby, Maryland. The company also operates an interstate pipeline in South Carolina and southeastern Georgia comprising natural gas system consisting of approximately 1,500 miles of transmission pipeline and 5 compressor stations with approximately 34,500 installed compressor horsepower.
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