Diversified Trust Co continued to hold its position in shares of Dominion Midstream Partners LP (NYSE:DM) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,148 shares of the company’s stock at the end of the second quarter. Diversified Trust Co’s holdings in Dominion Midstream Partners were worth $314,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in DM. Commonwealth Equity Services Inc increased its position in Dominion Midstream Partners by 3.2% in the first quarter. Commonwealth Equity Services Inc now owns 8,079 shares of the company’s stock worth $273,000 after buying an additional 251 shares during the period. State Street Corp increased its position in Dominion Midstream Partners by 4.1% in the first quarter. State Street Corp now owns 22,183 shares of the company’s stock worth $749,000 after buying an additional 867 shares during the period. BP Capital Fund Advisors LLC purchased a new position in Dominion Midstream Partners during the first quarter worth $1,663,000. Harvest Fund Advisors LLC increased its position in Dominion Midstream Partners by 5.9% in the first quarter. Harvest Fund Advisors LLC now owns 959,686 shares of the company’s stock worth $32,389,000 after buying an additional 53,068 shares during the period. Finally, Spirit of America Management Corp NY increased its position in Dominion Midstream Partners by 5.0% in the second quarter. Spirit of America Management Corp NY now owns 374,949 shares of the company’s stock worth $10,547,000 after buying an additional 17,800 shares during the period. 37.42% of the stock is currently owned by institutional investors.
Dominion Midstream Partners LP (NYSE:DM) traded down 2.00% during trading on Thursday, hitting $23.50. The stock had a trading volume of 155,890 shares. The company has a market capitalization of $1.83 billion, a P/E ratio of 20.31 and a beta of 1.71. The stock’s 50-day moving average price is $25.06 and its 200-day moving average price is $28.36. Dominion Midstream Partners LP has a 1-year low of $23.12 and a 1-year high of $35.88.
Dominion Midstream Partners (NYSE:DM) last posted its earnings results on Wednesday, August 3rd. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The business earned $85.60 million during the quarter, compared to the consensus estimate of $93.83 million. Dominion Midstream Partners had a return on equity of 1.82% and a net margin of 19.33%. The firm’s revenue for the quarter was down 18.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 earnings per share. Analysts expect that Dominion Midstream Partners LP will post $1.17 earnings per share for the current year.
DM has been the topic of a number of research reports. Zacks Investment Research raised Dominion Midstream Partners from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Wednesday, July 6th. Mizuho initiated coverage on Dominion Midstream Partners in a research note on Thursday. They set a “buy” rating on the stock. Stifel Nicolaus raised Dominion Midstream Partners from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Wednesday, September 14th. They noted that the move was a valuation call. Morgan Stanley lowered Dominion Midstream Partners from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $40.00 to $30.00 in a report on Thursday, August 18th. Finally, Barclays PLC decreased their price objective on Dominion Midstream Partners from $35.00 to $32.00 and set an “overweight” rating for the company in a report on Thursday, August 4th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $34.88.
In related news, Director Dominion Resources Inc /Va/ acquired 28,372 shares of the stock in a transaction on Tuesday, September 13th. The stock was acquired at an average cost of $25.13 per share, for a total transaction of $712,988.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.17% of the stock is currently owned by company insiders.
Dominion Midstream Partners Company Profile
Dominion Midstream Partners, LP owns the preferred equity interests and the general partner interest of Dominion Cove Point LNG, LP (Cove Point). Cove Point owns liquefied natural gas (LNG) import, storage, regasification and transportation assets. The Company’s segment is Dominion Energy, which consists of gas transportation, LNG import and storage.
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