TD Asset Management Inc Boosts Stock Holdings in Hess Midstream Partners LP $HESM

Posted by Geri Gentry on Jun 5th, 2026

TD Asset Management Inc grew its position in shares of Hess Midstream Partners LP (NYSE:HESM – Free Report) by 10.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,626,438 shares of the company’s stock after purchasing an additional 237,690 shares during the period. TD Asset Management Inc’s holdings in Hess Midstream Partners were worth $90,612,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Hess Midstream Partners during the third quarter valued at approximately $187,691,000. CIBC Bancorp USA Inc. bought a new position in Hess Midstream Partners during the third quarter valued at approximately $58,480,000. JPMorgan Chase & Co. lifted its position in Hess Midstream Partners by 179.3% during the third quarter. JPMorgan Chase & Co. now owns 2,269,146 shares of the company’s stock valued at $78,399,000 after purchasing an additional 1,456,627 shares during the period. Balyasny Asset Management L.P. lifted its position in Hess Midstream Partners by 179.8% during the second quarter. Balyasny Asset Management L.P. now owns 1,209,075 shares of the company’s stock valued at $46,561,000 after purchasing an additional 776,924 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its position in Hess Midstream Partners by 62.8% during the third quarter. CIBC Private Wealth Group LLC now owns 1,688,612 shares of the company’s stock valued at $58,342,000 after purchasing an additional 651,329 shares during the period. Hedge funds and other institutional investors own 98.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Morgan Stanley decreased their price target on shares of Hess Midstream Partners from $42.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 12th. Weiss Ratings upgraded shares of Hess Midstream Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Zacks Research upgraded shares of Hess Midstream Partners from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. The Goldman Sachs Group downgraded shares of Hess Midstream Partners from a “neutral” rating to a “sell” rating and set a $32.00 price target on the stock. in a research report on Monday, April 20th. Finally, Wells Fargo & Company increased their price target on shares of Hess Midstream Partners from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, March 13th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $38.71.

Get Our Latest Stock Report on Hess Midstream Partners

Hess Midstream Partners Stock Up 1.3%

HESM opened at $38.96 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 9.97. Hess Midstream Partners LP has a 1-year low of $31.63 and a 1-year high of $44.14. The company has a market capitalization of $8.03 billion, a PE ratio of 13.48 and a beta of 0.52. The firm’s 50 day simple moving average is $38.78 and its two-hundred day simple moving average is $36.78.

Hess Midstream Partners (NYSE:HESM – Get Free Report) last released its quarterly earnings results on Monday, May 4th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.03. Hess Midstream Partners had a net margin of 22.64% and a return on equity of 84.47%. The business had revenue of $390.10 million for the quarter, compared to the consensus estimate of $389.51 million. During the same period last year, the firm earned $0.65 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, equities analysts forecast that Hess Midstream Partners LP will post 2.99 EPS for the current year.

Hess Midstream Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th were given a dividend of $0.7792 per share. This represents a $3.12 annualized dividend and a dividend yield of 8.0%. The ex-dividend date was Thursday, May 7th. This is a positive change from Hess Midstream Partners’s previous quarterly dividend of $0.76. Hess Midstream Partners’s payout ratio is 107.61%.

Hess Midstream Partners Profile

(Free Report)

Hess Midstream Partners LP, formerly traded on the New York Stock Exchange under the ticker HESM, is a midstream energy partnership that owns, operates and develops crude oil, natural gas and produced water infrastructure in the Williston Basin. The company’s assets include crude oil gathering and transportation systems, saltwater disposal wells, natural gas processing and fractionation plants, and associated pipeline and storage facilities. Its integrated network is designed to support upstream production by providing gathering, processing, storage and marketing services for hydrocarbons and produced water.

Headquartered in Houston, Texas, Hess Midstream Partners primarily serves producers operating in North Dakota and Montana’s Bakken Shale region.