Shares of Dominion Midstream Partners, LP (NYSE:DM) have been assigned an average recommendation of “Buy” from the thirteen research firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $34.13.

A number of equities analysts recently issued reports on the company. Morgan Stanley upgraded Dominion Midstream Partners, from an “equal weight” rating to an “overweight” rating and set a $32.00 price objective for the company in a report on Wednesday, August 30th. BidaskClub upgraded Dominion Midstream Partners, from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Zacks Investment Research upgraded Dominion Midstream Partners, from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Stifel Nicolaus set a $33.00 target price on Dominion Midstream Partners, and gave the stock a “buy” rating in a report on Thursday, August 3rd. Finally, Scotiabank set a $35.00 target price on Dominion Midstream Partners, and gave the stock a “buy” rating in a report on Saturday, July 22nd.

Dominion Midstream Partners, (NYSE DM) opened at 28.00 on Wednesday. The company has a market cap of $2.78 billion, a P/E ratio of 20.66 and a beta of 1.66. The company’s 50 day moving average price is $27.12 and its 200-day moving average price is $29.34. Dominion Midstream Partners, has a one year low of $23.17 and a one year high of $33.70.

Dominion Midstream Partners, (NYSE:DM) last posted its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.04. Dominion Midstream Partners, had a net margin of 19.08% and a return on equity of 1.82%. The business had revenue of $115.70 million for the quarter, compared to analysts’ expectations of $130.04 million. During the same quarter in the previous year, the firm earned $0.28 EPS. Dominion Midstream Partners,’s revenue was up 35.2% compared to the same quarter last year. On average, analysts forecast that Dominion Midstream Partners, will post $1.38 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Friday, August 4th were given a $0.288 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.11%. This is a positive change from Dominion Midstream Partners,’s previous quarterly dividend of $0.27. The ex-dividend date was Wednesday, August 2nd. Dominion Midstream Partners,’s payout ratio is presently 84.56%.

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Large investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA acquired a new position in Dominion Midstream Partners, during the 1st quarter valued at about $137,000. Advisory Services Network LLC acquired a new position in Dominion Midstream Partners, during the 1st quarter valued at about $187,000. Signature Financial Management Inc. acquired a new position in Dominion Midstream Partners, during the 2nd quarter valued at about $202,000. Keybank National Association OH increased its position in Dominion Midstream Partners, by 5.3% during the 2nd quarter. Keybank National Association OH now owns 8,000 shares of the pipeline company’s stock valued at $231,000 after buying an additional 400 shares in the last quarter. Finally, Botty Investors LLC increased its position in Dominion Midstream Partners, by 772.9% during the 2nd quarter. Botty Investors LLC now owns 8,616 shares of the pipeline company’s stock valued at $249,000 after buying an additional 7,629 shares in the last quarter. 55.61% of the stock is currently owned by institutional investors.

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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