Dominion Energy Midstream Partners LP (NYSE:DM) has received an average rating of “Hold” from the fifteen brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $21.80.
Several research analysts have recently weighed in on DM shares. Zacks Investment Research cut Dominion Energy Midstream Partners from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 13th. Barclays set a $17.00 price target on Dominion Energy Midstream Partners and gave the stock a “hold” rating in a research note on Friday, October 12th. Morgan Stanley boosted their price target on Dominion Energy Midstream Partners from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Friday, September 21st. Finally, Citigroup cut Dominion Energy Midstream Partners from a “buy” rating to a “neutral” rating and set a $17.00 price target for the company. in a research note on Thursday, September 20th.
Institutional investors have recently bought and sold shares of the stock. Whitener Capital Management Inc. purchased a new stake in Dominion Energy Midstream Partners during the third quarter valued at $106,000. Commonwealth Equity Services LLC purchased a new stake in Dominion Energy Midstream Partners during the second quarter valued at $150,000. Tower Research Capital LLC TRC bought a new stake in Dominion Energy Midstream Partners during the second quarter valued at about $194,000. Lake Street Advisors Group LLC bought a new stake in Dominion Energy Midstream Partners during the second quarter valued at about $228,000. Finally, Probabilities Fund Management LLC bought a new stake in Dominion Energy Midstream Partners during the third quarter valued at about $246,000. Institutional investors own 31.67% of the company’s stock.
Shares of NYSE:DM opened at $18.31 on Friday. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 13.56 and a beta of 1.67. Dominion Energy Midstream Partners has a 12-month low of $12.55 and a 12-month high of $32.95. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.24 and a quick ratio of 1.91.
Dominion Energy Midstream Partners (NYSE:DM) last announced its quarterly earnings data on Thursday, November 1st. The pipeline company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.04). The company had revenue of $284.20 million for the quarter, compared to analysts’ expectations of $298.60 million. Dominion Energy Midstream Partners had a net margin of 21.93% and a return on equity of 2.70%. The firm’s quarterly revenue was up 151.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 EPS. As a group, research analysts anticipate that Dominion Energy Midstream Partners will post 1.49 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Monday, November 5th were given a dividend of $0.369 per share. This represents a $1.48 dividend on an annualized basis and a yield of 8.06%. The ex-dividend date was Friday, November 2nd. This is a boost from Dominion Energy Midstream Partners’s previous quarterly dividend of $0.35. Dominion Energy Midstream Partners’s dividend payout ratio is 109.63%.
Dominion Energy Midstream Partners Company Profile
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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