Dominion Energy Midstream Partners LP (DM) Stake Increased by MAI Capital Management

MAI Capital Management grew its stake in shares of Dominion Energy Midstream Partners LP (NYSE:DM) by 320.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 150,453 shares of the pipeline company’s stock after purchasing an additional 114,697 shares during the quarter. MAI Capital Management owned approximately 0.12% of Dominion Energy Midstream Partners worth $2,693,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of DM. Commonwealth Equity Services LLC purchased a new stake in shares of Dominion Energy Midstream Partners during the second quarter valued at $150,000. Tower Research Capital LLC TRC purchased a new stake in shares of Dominion Energy Midstream Partners during the second quarter valued at $194,000. Lake Street Advisors Group LLC purchased a new stake in shares of Dominion Energy Midstream Partners during the second quarter valued at $228,000. GSA Capital Partners LLP bought a new stake in shares of Dominion Energy Midstream Partners in the second quarter valued at about $381,000. Finally, Franklin Square Holdings L.P. bought a new stake in shares of Dominion Energy Midstream Partners in the second quarter valued at about $408,000. 30.22% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently weighed in on DM. Morgan Stanley lifted their price objective on Dominion Energy Midstream Partners from $17.00 to $18.00 and gave the company a “hold” rating in a report on Friday, September 21st. Zacks Investment Research downgraded Dominion Energy Midstream Partners from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Citigroup downgraded Dominion Energy Midstream Partners from a “buy” rating to a “neutral” rating and set a $17.00 price objective for the company. in a report on Thursday, September 20th. Barclays set a $17.00 price objective on Dominion Energy Midstream Partners and gave the company a “hold” rating in a report on Friday. Finally, Stifel Nicolaus lifted their price objective on Dominion Energy Midstream Partners from $13.00 to $15.00 and gave the company a “hold” rating in a report on Monday, July 9th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. Dominion Energy Midstream Partners currently has an average rating of “Hold” and an average price target of $22.45.

DM stock opened at $18.15 on Friday. The stock has a market capitalization of $2.27 billion, a P/E ratio of 13.44 and a beta of 1.96. The company has a quick ratio of 1.24, a current ratio of 1.42 and a debt-to-equity ratio of 0.13. Dominion Energy Midstream Partners LP has a 1-year low of $12.55 and a 1-year high of $33.35.

Dominion Energy Midstream Partners (NYSE:DM) last announced its earnings results on Wednesday, August 1st. The pipeline company reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.07. The business had revenue of $247.60 million during the quarter, compared to the consensus estimate of $291.16 million. Dominion Energy Midstream Partners had a net margin of 28.46% and a return on equity of 2.76%. The firm’s revenue was up 114.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 earnings per share. On average, sell-side analysts anticipate that Dominion Energy Midstream Partners LP will post 1.55 EPS for the current fiscal year.

About Dominion Energy Midstream Partners

Dominion Energy Midstream Partners, LP owns liquefied natural gas (LNG) terminalling, storage, regasification, and transportation assets. It owns and operates LNG terminalling and storage facility located on the Chesapeake Bay in Lusby, Maryland. The company also operates an interstate pipeline in South Carolina and southeastern Georgia comprising natural gas system consisting of approximately 1,500 miles of transmission pipeline and 5 compressor stations with approximately 34,500 installed compressor horsepower.

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Institutional Ownership by Quarter for Dominion Energy Midstream Partners (NYSE:DM)

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