Dominion Midstream Partners, LP (NYSE:DM) has been given a $35.00 target price by stock analysts at Scotiabank in a report released on Saturday. The firm presently has a “buy” rating on the pipeline company’s stock. Scotiabank’s price target would indicate a potential upside of 26.81% from the stock’s current price.

Other analysts have also issued research reports about the company. Tudor Pickering lowered Dominion Midstream Partners, from a “buy” rating to a “hold” rating in a report on Monday, April 3rd. Royal Bank Of Canada reissued a “buy” rating and issued a $41.00 target price on shares of Dominion Midstream Partners, in a report on Monday, May 8th. Zacks Investment Research downgraded Dominion Midstream Partners, from a “hold” rating to a “sell” rating in a research report on Friday, May 5th. TheStreet downgraded Dominion Midstream Partners, from a “b-” rating to a “c” rating in a research report on Wednesday, May 31st. Finally, BidaskClub upgraded Dominion Midstream Partners, from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. Dominion Midstream Partners, presently has an average rating of “Buy” and a consensus target price of $34.00.

Shares of Dominion Midstream Partners, (NYSE DM) traded down 0.90% during trading on Friday, reaching $27.60. 169,265 shares of the company traded hands. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 20.25 and a beta of 1.69. The stock’s 50 day moving average is $28.07 and its 200 day moving average is $30.38. Dominion Midstream Partners, has a 1-year low of $23.17 and a 1-year high of $33.70.

Dominion Midstream Partners, (NYSE:DM) last released its earnings results on Thursday, May 4th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.37. The business had revenue of $130.20 million for the quarter, compared to analyst estimates of $142.48 million. Dominion Midstream Partners, had a return on equity of 1.98% and a net margin of 20.43%. The company’s revenue for the quarter was up 56.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 earnings per share. On average, analysts forecast that Dominion Midstream Partners, will post $1.42 EPS for the current year.

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Several institutional investors have recently added to or reduced their stakes in the company. Spirit of America Management Corp NY increased its position in Dominion Midstream Partners, by 15.0% in the first quarter. Spirit of America Management Corp NY now owns 596,699 shares of the pipeline company’s stock worth $19,065,000 after buying an additional 78,050 shares during the period. Cutler Capital Management LLC increased its position in Dominion Midstream Partners, by 6.4% in the first quarter. Cutler Capital Management LLC now owns 25,000 shares of the pipeline company’s stock worth $799,000 after buying an additional 1,500 shares during the period. Hollencrest Securities LLC purchased a new position in Dominion Midstream Partners, during the first quarter worth approximately $300,000. Chickasaw Capital Management LLC increased its position in Dominion Midstream Partners, by 61.4% in the first quarter. Chickasaw Capital Management LLC now owns 5,494,455 shares of the pipeline company’s stock worth $175,548,000 after buying an additional 2,089,830 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its position in Dominion Midstream Partners, by 92.8% in the first quarter. State of New Jersey Common Pension Fund D now owns 55,600 shares of the pipeline company’s stock worth $1,776,000 after buying an additional 26,760 shares during the period. Institutional investors own 56.27% of the company’s stock.

Dominion Midstream Partners, Company Profile

Dominion Energy Midstream Partners, LP, formerly 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.

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

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