Dominion Midstream Partners (NYSE:DM) was downgraded by research analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports.
DM has been the topic of a number of other research reports. TheStreet raised shares of Dominion Midstream Partners from a “c” rating to a “b” rating in a research note on Monday, October 16th. Mizuho downgraded shares of Dominion Midstream Partners from a “buy” rating to a “neutral” rating and set a $34.00 price target on the stock. in a research note on Tuesday, October 31st. Morgan Stanley decreased their price target on shares of Dominion Midstream Partners from $33.00 to $32.00 and set an “underweight” rating on the stock in a research note on Friday, November 17th. Zacks Investment Research downgraded shares of Dominion Midstream Partners from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, Scotiabank reaffirmed a “buy” rating and set a $35.00 price target on shares of Dominion Midstream Partners in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $34.78.
Dominion Midstream Partners (DM) traded down $0.25 during mid-day trading on Thursday, hitting $30.65. 185,905 shares of the stock traded hands, compared to its average volume of 220,466. Dominion Midstream Partners has a 1 year low of $25.10 and a 1 year high of $34.85. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.47 and a quick ratio of 0.41. The stock has a market capitalization of $2,088.54, a P/E ratio of 22.27, a PEG ratio of 1.19 and a beta of 1.66.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Wills Financial Group Inc. grew its holdings in shares of Dominion Midstream Partners by 12.5% in the second quarter. Wills Financial Group Inc. now owns 57,676 shares of the pipeline company’s stock worth $1,664,000 after purchasing an additional 6,396 shares during the last quarter. Castleton Investment Management LLC bought a new position in shares of Dominion Midstream Partners in the second quarter worth about $894,000. Freestone Capital Holdings LLC grew its holdings in shares of Dominion Midstream Partners by 48.4% in the second quarter. Freestone Capital Holdings LLC now owns 156,408 shares of the pipeline company’s stock worth $4,512,000 after purchasing an additional 50,984 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in shares of Dominion Midstream Partners by 57.4% in the second quarter. State of New Jersey Common Pension Fund D now owns 87,500 shares of the pipeline company’s stock worth $2,524,000 after purchasing an additional 31,900 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Dominion Midstream Partners by 7.2% in the second quarter. Goldman Sachs Group Inc. now owns 1,008,837 shares of the pipeline company’s stock worth $29,105,000 after purchasing an additional 67,999 shares during the last quarter. Hedge funds and other institutional investors own 58.64% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This report was reported by American Banking and Market News and is the sole property of of American Banking and Market News. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/12/14/dominion-midstream-partners-dm-downgraded-by-j-p-morgan-chase-co-to-neutral.html.
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.
