Stifel Nicolaus Reiterates “Buy” Rating for Dominion Energy Midstream Partners (DM)

Dominion Energy Midstream Partners (NYSE:DM)‘s stock had its “buy” rating reissued by analysts at Stifel Nicolaus in a report released on Monday, MarketBeat.com reports. They currently have a $25.00 target price on the pipeline company’s stock, down from their prior target price of $35.00. Stifel Nicolaus’ price target would suggest a potential upside of 40.85% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. UBS reiterated a “buy” rating and set a $36.00 price objective (down previously from $39.00) on shares of Dominion Energy Midstream Partners in a report on Friday, March 2nd. TheStreet cut Dominion Energy Midstream Partners from a “b-” rating to a “c+” rating in a research note on Thursday, March 15th. Zacks Investment Research upgraded Dominion Energy Midstream Partners from a “sell” rating to a “hold” rating and set a $34.00 target price on the stock in a research note on Thursday, February 1st. Royal Bank of Canada restated a “hold” rating and issued a $35.00 target price on shares of Dominion Energy Midstream Partners in a research note on Tuesday, January 30th. Finally, Wells Fargo boosted their target price on Dominion Energy Midstream Partners from $31.00 to $32.00 and gave the company a “market perform” rating in a research note on Thursday, February 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $32.27.

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Dominion Energy Midstream Partners stock opened at $17.75 on Monday. The stock has a market capitalization of $2,158.51, a PE ratio of 13.25, a PEG ratio of 1.08 and a beta of 1.61. Dominion Energy Midstream Partners has a 12-month low of $17.40 and a 12-month high of $34.85. The company has a current ratio of 0.96, a quick ratio of 0.74 and a debt-to-equity ratio of 0.12.

Dominion Energy Midstream Partners (NYSE:DM) last posted its earnings results on Monday, January 29th. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.05). The company had revenue of $121.30 million for the quarter, compared to analyst estimates of $109.15 million. Dominion Energy Midstream Partners had a return on equity of 2.07% and a net margin of 25.34%. Dominion Energy Midstream Partners’s quarterly revenue was down 31.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 earnings per share. equities research analysts predict that Dominion Energy Midstream Partners will post 1.43 earnings per share for the current fiscal year.

In other news, major shareholder Grid Plc National sold 6,783,373 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $25.26, for a total transaction of $171,348,001.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 11.17% of the company’s stock.

Several hedge funds have recently bought and sold shares of DM. Neuberger Berman Group LLC grew its holdings in Dominion Energy Midstream Partners by 16.1% in the 3rd quarter. Neuberger Berman Group LLC now owns 6,300,224 shares of the pipeline company’s stock valued at $201,607,000 after buying an additional 875,159 shares in the last quarter. Alps Advisors Inc. grew its holdings in Dominion Energy Midstream Partners by 2.8% in the 4th quarter. Alps Advisors Inc. now owns 4,058,176 shares of the pipeline company’s stock valued at $123,571,000 after buying an additional 110,391 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Dominion Energy Midstream Partners by 4.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 996,153 shares of the pipeline company’s stock valued at $30,333,000 after buying an additional 43,663 shares in the last quarter. Bamco Inc. NY grew its holdings in Dominion Energy Midstream Partners by 67.4% in the 3rd quarter. Bamco Inc. NY now owns 745,000 shares of the pipeline company’s stock valued at $23,840,000 after buying an additional 300,000 shares in the last quarter. Finally, River Road Asset Management LLC acquired a new position in Dominion Energy Midstream Partners in the 4th quarter valued at $12,787,000. 55.78% of the stock is currently owned by institutional investors and hedge funds.

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About Dominion Energy 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.

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

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