A. D. Beadell Investment Counsel Inc. reduced its position in Dominion Midstream Partners LP (NYSE:DM) by 2.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 80,925 shares of the pipeline company’s stock after selling 2,000 shares during the period. Dominion Midstream Partners accounts for 2.1% of A. D. Beadell Investment Counsel Inc.’s investment portfolio, making the stock its 10th largest position. A. D. Beadell Investment Counsel Inc. owned about 0.08% of Dominion Midstream Partners worth $2,585,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of DM. BB&T Securities LLC bought a new position in Dominion Midstream Partners during the third quarter worth $213,000. Linscomb & Williams Inc. raised its position in Dominion Midstream Partners by 13.5% in the fourth quarter. Linscomb & Williams Inc. now owns 10,362 shares of the pipeline company’s stock worth $306,000 after buying an additional 1,234 shares during the last quarter. Citadel Advisors LLC bought a new position in Dominion Midstream Partners during the third quarter worth $258,000. LVW Advisors LLC bought a new position in Dominion Midstream Partners during the fourth quarter worth $332,000. Finally, Cypress Wealth Advisors LLC bought a new position in Dominion Midstream Partners during the fourth quarter worth $500,000. Institutional investors own 31.69% of the company’s stock.
Shares of Dominion Midstream Partners LP (NYSE:DM) opened at 29.35 on Friday. The firm has a market capitalization of $2.91 billion, a PE ratio of 21.53 and a beta of 1.82. The company has a 50-day moving average price of $31.15 and a 200 day moving average price of $29.83. Dominion Midstream Partners LP has a 12-month low of $23.17 and a 12-month high of $33.70.
Dominion Midstream Partners (NYSE:DM) last posted its quarterly earnings data on Thursday, May 4th. The pipeline company reported $0.37 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.37. The business had revenue of $130.20 million during the quarter, compared to the consensus estimate of $142.48 million. Dominion Midstream Partners had a net margin of 19.49% and a return on equity of 1.98%. Dominion Midstream Partners’s quarterly revenue was up 56.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 EPS. On average, equities analysts expect that Dominion Midstream Partners LP will post $1.42 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Friday, May 5th were issued a dividend of $0.274 per share. This is an increase from Dominion Midstream Partners’s previous quarterly dividend of $0.26. This represents a $1.10 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend was Wednesday, May 3rd. Dominion Midstream Partners’s dividend payout ratio is currently 83.20%.
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A number of research firms have weighed in on DM. Mizuho lifted their price objective on Dominion Midstream Partners from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, February 2nd. Zacks Investment Research lowered Dominion Midstream Partners from a “buy” rating to a “hold” rating in a research note on Friday, February 17th. Tudor Pickering lowered Dominion Midstream Partners from a “buy” rating to a “hold” rating in a research note on Monday, April 3rd. TheStreet upgraded Dominion Midstream Partners from a “c+” rating to a “b-” rating in a research note on Thursday, March 23rd. Finally, Scotiabank restated a “buy” rating and issued a $35.00 price target on shares of Dominion Midstream Partners in a research note on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. Dominion Midstream Partners has an average rating of “Buy” and a consensus target price of $34.33.
Dominion Midstream Partners Company Profile
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.
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