Dominion Midstream Partners LP (NYSE:DM)‘s stock had its “buy” rating reissued by research analysts at Royal Bank of Canada in a research report issued to clients and investors on Monday. They presently have a $41.00 price objective on the pipeline company’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 32.69% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. TheStreet raised shares of Dominion Midstream Partners from a “c+” rating to a “b-” rating in a research report on Thursday, March 23rd. Stifel Nicolaus lifted their price target on shares of Dominion Midstream Partners from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, January 26th. Scotiabank restated a “buy” rating and issued a $35.00 price target on shares of Dominion Midstream Partners in a research note on Thursday, April 27th. Mizuho lifted their price target on shares of Dominion Midstream Partners from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. Finally, Zacks Investment Research lowered shares of Dominion Midstream Partners from a “buy” rating to a “hold” rating in a research note on Friday, February 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. Dominion Midstream Partners currently has an average rating of “Buy” and a consensus target price of $34.33.

Analyst Recommendations for Dominion Midstream Partners (NYSE:DM)

Shares of Dominion Midstream Partners (NYSE:DM) traded down 1.29% during midday trading on Monday, hitting $30.50. 48,450 shares of the company’s stock were exchanged. The stock has a market cap of $3.03 billion, a PE ratio of 24.40 and a beta of 1.82. Dominion Midstream Partners has a 1-year low of $23.17 and a 1-year high of $33.70. The stock’s 50 day moving average is $31.51 and its 200-day moving average is $29.41.

Dominion Midstream Partners (NYSE:DM) last posted its earnings results on Thursday, May 4th. The pipeline company reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. Dominion Midstream Partners had a net margin of 19.49% and a return on equity of 1.98%. The business had revenue of $130.20 million for the quarter, compared to analysts’ expectations of $142.48 million. During the same period in the previous year, the company posted $0.29 earnings per share. The business’s revenue for the quarter was up 56.9% compared to the same quarter last year. Analysts predict that Dominion Midstream Partners will post $1.29 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 15th. Investors of record on Friday, May 5th will be paid a $0.274 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Wednesday, May 3rd. This is a positive change from Dominion Midstream Partners’s previous quarterly dividend of $0.26. Dominion Midstream Partners’s payout ratio is 83.20%.

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Hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA acquired a new stake in Dominion Midstream Partners during the first quarter valued at $137,000. Bank of New York Mellon Corp raised its stake in Dominion Midstream Partners by 371.4% in the first quarter. Bank of New York Mellon Corp now owns 36,221 shares of the pipeline company’s stock valued at $1,157,000 after buying an additional 28,537 shares during the last quarter. First Trust Advisors LP raised its stake in Dominion Midstream Partners by 11.0% in the first quarter. First Trust Advisors LP now owns 135,470 shares of the pipeline company’s stock valued at $4,328,000 after buying an additional 13,436 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Dominion Midstream Partners during the first quarter valued at $187,000. Finally, Linscomb & Williams Inc. raised its stake in Dominion Midstream Partners by 26.8% in the first quarter. Linscomb & Williams Inc. now owns 13,144 shares of the pipeline company’s stock valued at $420,000 after buying an additional 2,782 shares during the last quarter. Institutional investors and hedge funds own 31.69% of the company’s stock.

Dominion Midstream Partners Company Profile

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.

5 Day Chart for NYSE:DM

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