Acadian Asset Management LLC lifted its position in shares of Hess Midstream Partners LP (NYSE:HESM) by 53.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,225 shares of the company’s stock after acquiring an additional 47,322 shares during the period. Acadian Asset Management LLC owned approximately 0.50% of Hess Midstream Partners worth $3,106,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Franklin Square Holdings L.P. increased its position in shares of Hess Midstream Partners by 24.3% during the second quarter. Franklin Square Holdings L.P. now owns 35,675 shares of the company’s stock valued at $703,000 after acquiring an additional 6,985 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Hess Midstream Partners during the second quarter valued at approximately $244,000. Advisors Asset Management Inc. increased its position in shares of Hess Midstream Partners by 83.5% during the second quarter. Advisors Asset Management Inc. now owns 29,255 shares of the company’s stock valued at $576,000 after acquiring an additional 13,315 shares in the last quarter. BlackRock Inc. increased its position in shares of Hess Midstream Partners by 116,337.5% during the second quarter. BlackRock Inc. now owns 18,630 shares of the company’s stock valued at $367,000 after acquiring an additional 18,614 shares in the last quarter. Finally, Penbrook Management LLC bought a new stake in shares of Hess Midstream Partners during the second quarter valued at approximately $404,000. 51.45% of the stock is owned by institutional investors.
NYSE:HESM opened at $21.63 on Friday. Hess Midstream Partners LP has a 12 month low of $18.32 and a 12 month high of $24.51. The company has a market capitalization of $566.96 million, a price-to-earnings ratio of 17.02, a P/E/G ratio of 1.49 and a beta of 1.17.
Hess Midstream Partners (NYSE:HESM) last posted its earnings results on Wednesday, October 31st. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Hess Midstream Partners had a net margin of 10.53% and a return on equity of 2.61%. The business had revenue of $169.50 million during the quarter, compared to the consensus estimate of $169.15 million. On average, equities analysts expect that Hess Midstream Partners LP will post 1.27 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 13th. Shareholders of record on Monday, November 5th will be given a $0.3575 dividend. This represents a $1.43 dividend on an annualized basis and a yield of 6.61%. The ex-dividend date is Friday, November 2nd. This is an increase from Hess Midstream Partners’s previous quarterly dividend of $0.35.
A number of equities research analysts have commented on HESM shares. Zacks Investment Research downgraded shares of Hess Midstream Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Morgan Stanley lifted their target price on shares of Hess Midstream Partners from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, August 17th. TheStreet raised shares of Hess Midstream Partners from a “d+” rating to a “c” rating in a research report on Tuesday, September 11th. Credit Suisse Group started coverage on shares of Hess Midstream Partners in a research report on Thursday, October 11th. They issued an “outperform” rating and a $29.00 target price for the company. Finally, Citigroup lifted their target price on shares of Hess Midstream Partners from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, October 16th. Six equities research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average price target of $26.83.
Hess Midstream Partners Profile
Hess Midstream Partners LP owns, operates, develops, and acquires midstream assets to provide services to Hess and third-party customers in the United States. It operates through three segments: Gathering, Processing and Storage, and Terminaling and Export. The gathering segment include natural gas and crude oil gathering and compression systems located primarily in McKenzie, Williams and Mountrail Counties, and North Dakota.
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