Hess Midstream Partners LP (HESM) Stake Boosted by BlackRock Inc.
BlackRock Inc. lifted its stake in Hess Midstream Partners LP (NYSE:HESM) by 116,337.5% in the 2nd quarter, Holdings Channel reports. The firm owned 18,630 shares of the company’s stock after buying an additional 18,614 shares during the quarter. BlackRock Inc.’s holdings in Hess Midstream Partners were worth $367,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of HESM. GSA Capital Partners LLP raised its stake in Hess Midstream Partners by 352.5% during the 2nd quarter. GSA Capital Partners LLP now owns 117,392 shares of the company’s stock valued at $2,313,000 after purchasing an additional 91,449 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Hess Midstream Partners by 32.2% during the second quarter. Russell Investments Group Ltd. now owns 98,976 shares of the company’s stock valued at $1,949,000 after purchasing an additional 24,114 shares during the last quarter. Kayne Anderson Capital Advisors LP grew its stake in shares of Hess Midstream Partners by 7.6% during the second quarter. Kayne Anderson Capital Advisors LP now owns 610,787 shares of the company’s stock valued at $12,026,000 after purchasing an additional 43,100 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Hess Midstream Partners during the second quarter valued at approximately $6,565,000. Finally, Dividend Assets Capital LLC grew its stake in shares of Hess Midstream Partners by 83.5% during the second quarter. Dividend Assets Capital LLC now owns 386,037 shares of the company’s stock valued at $7,604,000 after purchasing an additional 175,677 shares during the last quarter. 51.90% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently commented on HESM shares. Zacks Investment Research raised shares of Hess Midstream Partners from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, July 31st. Citigroup increased their price target on shares of Hess Midstream Partners from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, October 16th. TheStreet raised shares of Hess Midstream Partners from a “d+” rating to a “c” rating in a research note on Tuesday, September 11th. Credit Suisse Group started coverage on shares of Hess Midstream Partners in a research note on Thursday, October 11th. They set an “outperform” rating and a $29.00 price target on the stock. Finally, Morgan Stanley increased their price target on shares of Hess Midstream Partners from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, August 17th. Six investment analysts have rated the stock with a buy rating, Hess Midstream Partners currently has a consensus rating of “Buy” and a consensus price target of $26.83.
Hess Midstream Partners (NYSE:HESM) last announced its quarterly earnings data on Wednesday, October 31st. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Hess Midstream Partners had a net margin of 10.53% and a return on equity of 2.58%. The firm had revenue of $169.50 million for the quarter, compared to analysts’ expectations of $169.15 million. On average, analysts anticipate that Hess Midstream Partners LP will post 1.28 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 13th. Shareholders of record on Monday, November 5th were paid a $0.3575 dividend. The ex-dividend date was Friday, November 2nd. This is a boost from Hess Midstream Partners’s previous quarterly dividend of $0.35. This represents a $1.43 dividend on an annualized basis and a yield of 6.94%.
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Hess Midstream Partners Company Profile
Hess Midstream Partners LP owns, operates, develops, and acquires midstream assets to provide services to Hess and third-party customers in the United States. It operates through three segments: Gathering, Processing and Storage, and Terminaling and Export. The gathering segment include natural gas and crude oil gathering and compression systems located primarily in McKenzie, Williams and Mountrail Counties, and North Dakota.
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