Dominion Energy Midstream Partners LP (DM) Receives $18.86 Average Target Price from Analysts

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Shares of Dominion Energy Midstream Partners LP (NYSE:DM) have been assigned a consensus recommendation of “Hold” from the fourteen research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $18.86.

A number of equities research analysts have weighed in on the company. Fundamental Research reiterated a “buy” rating on shares of Dominion Energy Midstream Partners in a report on Sunday, January 20th. ValuEngine downgraded Dominion Energy Midstream Partners from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Finally, Zacks Investment Research upgraded Dominion Energy Midstream Partners from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a report on Monday, November 19th.

Shares of DM remained flat at $$17.19 during mid-day trading on Friday. The stock had a trading volume of 1,923,088 shares, compared to its average volume of 972,028. Dominion Energy Midstream Partners has a 52 week low of $12.55 and a 52 week high of $31.82. The company has a quick ratio of 1.91, a current ratio of 2.24 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $2.18 billion, a P/E ratio of 12.73 and a beta of 1.42.

A number of institutional investors have recently made changes to their positions in the business. Neuberger Berman Group LLC grew its stake in Dominion Energy Midstream Partners by 37.0% in the third quarter. Neuberger Berman Group LLC now owns 7,902,512 shares of the pipeline company’s stock valued at $141,455,000 after acquiring an additional 2,133,922 shares during the period. Tortoise Capital Advisors L.L.C. boosted its position in shares of Dominion Energy Midstream Partners by 16.5% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 6,380,140 shares of the pipeline company’s stock valued at $117,665,000 after buying an additional 904,313 shares during the last quarter. Citigroup Inc. boosted its position in shares of Dominion Energy Midstream Partners by 72.5% during the fourth quarter. Citigroup Inc. now owns 4,271,841 shares of the pipeline company’s stock valued at $77,064,000 after buying an additional 1,794,809 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Dominion Energy Midstream Partners by 354.6% during the fourth quarter. Bank of Montreal Can now owns 2,340,011 shares of the pipeline company’s stock valued at $42,213,000 after buying an additional 1,825,301 shares during the last quarter. Finally, Morgan Stanley boosted its position in shares of Dominion Energy Midstream Partners by 72.5% during the third quarter. Morgan Stanley now owns 2,105,227 shares of the pipeline company’s stock valued at $37,683,000 after buying an additional 885,086 shares during the last quarter. 32.20% 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.

Further Reading: SEC Filing

Analyst Recommendations for Dominion Energy Midstream Partners (NYSE:DM)

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