GSA Capital Partners LLP Takes Position in Dominion Energy Midstream Partners LP (NYSE:DM)

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GSA Capital Partners LLP bought a new position in shares of Dominion Energy Midstream Partners LP (NYSE:DM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 27,995 shares of the pipeline company’s stock, valued at approximately $381,000.

Several other institutional investors also recently bought and sold shares of the stock. Securian Asset Management Inc acquired a new position in shares of Dominion Energy Midstream Partners during the second quarter worth $558,000. SG Americas Securities LLC increased its holdings in Dominion Energy Midstream Partners by 347.3% in the second quarter. SG Americas Securities LLC now owns 215,510 shares of the pipeline company’s stock valued at $2,931,000 after purchasing an additional 167,328 shares during the period. Tortoise Capital Advisors L.L.C. increased its holdings in Dominion Energy Midstream Partners by 0.3% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 5,475,827 shares of the pipeline company’s stock valued at $74,471,000 after purchasing an additional 16,779 shares during the period. Cutler Capital Management LLC increased its holdings in Dominion Energy Midstream Partners by 10.2% in the second quarter. Cutler Capital Management LLC now owns 81,077 shares of the pipeline company’s stock valued at $1,103,000 after purchasing an additional 7,500 shares during the period. Finally, Commonwealth Equity Services LLC acquired a new stake in Dominion Energy Midstream Partners in the second quarter valued at $150,000. Institutional investors and hedge funds own 30.22% of the company’s stock.

DM has been the subject of a number of recent research reports. Zacks Investment Research upgraded Dominion Energy Midstream Partners from a “strong sell” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Wednesday, July 4th. Stifel Nicolaus increased 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. Barclays set a $17.00 price objective on Dominion Energy Midstream Partners and gave the company a “hold” rating in a report on Friday. 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. Finally, Morgan Stanley increased 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. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $22.45.

Shares of DM stock traded down $0.10 on Friday, reaching $18.15. 850,113 shares of the company were exchanged, compared to its average volume of 744,204. The stock has a market capitalization of $2.27 billion, a PE ratio of 13.44 and a beta of 1.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.42 and a quick ratio of 1.24. Dominion Energy Midstream Partners LP has a one year low of $12.55 and a one year high of $33.35.

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