Dominion Midstream Partners, LP (NYSE:DM) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday. The brokerage presently has a $37.00 price target on the pipeline company’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 11.61% from the company’s current price.

According to Zacks, “Dominion Energy Midstream Partners, LP is a Delaware limited partnership company. Its portfolio consist of natural gas terminaling, processing, storage, transportation and related assets. Dominion Energy Midstream Partners LP, formerly known as Dominion Midstream Partners LP, is headquartered in Richmond, Va. “

A number of other analysts also recently issued reports on DM. BidaskClub raised shares of Dominion Midstream Partners, from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Barclays PLC downgraded shares of Dominion Midstream Partners, from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $37.00 to $32.00 in a report on Tuesday, July 18th. Scotiabank set a $35.00 price objective on shares of Dominion Midstream Partners, and gave the company a “buy” rating in a report on Saturday, July 22nd. Stifel Nicolaus set a $33.00 price objective on shares of Dominion Midstream Partners, and gave the company a “buy” rating in a report on Thursday, August 3rd. Finally, Morgan Stanley raised shares of Dominion Midstream Partners, from an “equal weight” rating to an “overweight” rating and set a $32.00 price objective on the stock in a report on Wednesday, August 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Dominion Midstream Partners, has an average rating of “Buy” and a consensus price target of $34.89.

Shares of Dominion Midstream Partners, (NYSE:DM) traded up 1.69% on Tuesday, hitting $33.15. 145,752 shares of the stock traded hands. The company has a market cap of $3.29 billion, a PE ratio of 24.46 and a beta of 1.70. Dominion Midstream Partners, has a one year low of $23.20 and a one year high of $34.85. The stock has a 50 day moving average of $31.53 and a 200 day moving average of $29.43.

Dominion Midstream Partners, (NYSE:DM) last announced its quarterly earnings results 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 return on equity of 1.82% and a net margin of 19.08%. The firm had revenue of $115.70 million for the quarter, compared to analysts’ expectations of $130.04 million. During the same period last year, the company posted $0.28 earnings per share. The business’s quarterly revenue was up 35.2% on a year-over-year basis. Equities analysts anticipate that Dominion Midstream Partners, will post $1.28 earnings per share for the current year.

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Several large investors have recently bought and sold shares of the company. Linscomb & Williams Inc. lifted its stake in shares of Dominion Midstream Partners, by 0.3% in the second quarter. Linscomb & Williams Inc. now owns 13,180 shares of the pipeline company’s stock worth $380,000 after buying an additional 36 shares in the last quarter. Alps Advisors Inc. lifted its stake in shares of Dominion Midstream Partners, by 0.3% in the second quarter. Alps Advisors Inc. now owns 15,447 shares of the pipeline company’s stock worth $446,000 after buying an additional 40 shares in the last quarter. Diversified Trust Co lifted its stake in shares of Dominion Midstream Partners, by 1.5% in the second quarter. Diversified Trust Co now owns 25,836 shares of the pipeline company’s stock worth $745,000 after buying an additional 381 shares in the last quarter. Keybank National Association OH lifted its stake in shares of Dominion Midstream Partners, by 5.3% in the second quarter. Keybank National Association OH now owns 8,000 shares of the pipeline company’s stock worth $231,000 after buying an additional 400 shares in the last quarter. Finally, Williams Jones & Associates LLC lifted its stake in shares of Dominion Midstream Partners, by 1.9% in the second quarter. Williams Jones & Associates LLC now owns 22,460 shares of the pipeline company’s stock worth $648,000 after buying an additional 425 shares in the last quarter. 54.06% of the stock is currently owned by hedge funds and other institutional investors.

About Dominion Midstream Partners,

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.

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

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