Dominion Midstream Partners, LP (DM) Price Target Increased to $35.00 by Analysts at Stifel Nicolaus

Dominion Midstream Partners, LP (DM) Price Target Increased to $35.00 by Analysts at Stifel Nicolaus

Dominion Midstream Partners, LP (NYSE:DM) had its target price boosted by Stifel Nicolaus from $32.00 to $35.00 in a research report report published on Thursday morning. Stifel Nicolaus currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on DM. Evercore ISI set a $36.00 target price on shares of Dominion Midstream Partners, and gave the stock a buy rating in a report on Thursday, January 5th. Wolfe Research began coverage on shares of Dominion Midstream Partners, in a report on Friday, October 7th. They issued a buy rating and a $28.00 target price on the stock. Bank of America Corp upgraded shares of Dominion Midstream Partners, from a neutral rating to a buy rating in a report on Tuesday, November 1st. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Dominion Midstream Partners, from a hold rating to a buy rating and set a $28.00 target price on the stock in a report on Tuesday, October 11th. Finally, Mizuho began coverage on shares of Dominion Midstream Partners, in a report on Thursday, September 29th. They issued a buy rating and a $30.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $31.29.

Dominion Midstream Partners, (NYSE:DM) traded down 1.39% during trading on Thursday, hitting $31.90. 124,558 shares of the company’s stock traded hands. Dominion Midstream Partners, has a 12 month low of $23.17 and a 12 month high of $35.88. The company’s 50 day moving average is $29.44 and its 200-day moving average is $26.32. The stock has a market cap of $2.48 billion, a P/E ratio of 26.63 and a beta of 1.81.

Dominion Midstream Partners, (NYSE:DM) last posted its quarterly earnings results on Monday, October 31st. The company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.01. Dominion Midstream Partners, had a net margin of 22.24% and a return on equity of 1.83%. The firm had revenue of $85 million for the quarter, compared to analysts’ expectations of $90.84 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The business’s revenue for the quarter was down 17.6% on a year-over-year basis. On average, analysts predict that Dominion Midstream Partners, will post $1.14 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Monday, February 6th will be given a $0.2605 dividend. The ex-dividend date of this dividend is Thursday, February 2nd. This is an increase from Dominion Midstream Partners,’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 3.22%. Dominion Midstream Partners,’s dividend payout ratio (DPR) is presently 83.19%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DM. US Bancorp DE increased its position in Dominion Midstream Partners, by 4.4% in the second quarter. US Bancorp DE now owns 3,864 shares of the company’s stock valued at $109,000 after buying an additional 164 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in Dominion Midstream Partners, by 0.4% in the second quarter. Chicago Partners Investment Group LLC now owns 51,091 shares of the company’s stock valued at $1,437,000 after buying an additional 205 shares during the last quarter. Diversified Trust Co increased its position in Dominion Midstream Partners, by 2.4% in the third quarter. Diversified Trust Co now owns 11,421 shares of the company’s stock valued at $273,000 after buying an additional 273 shares during the last quarter. Global X Management Co. LLC increased its position in Dominion Midstream Partners, by 5.9% in the third quarter. Global X Management Co. LLC now owns 6,391 shares of the company’s stock valued at $153,000 after buying an additional 356 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Dominion Midstream Partners, by 11.7% in the third quarter. Bank of New York Mellon Corp now owns 8,490 shares of the company’s stock valued at $203,000 after buying an additional 887 shares during the last quarter. Institutional investors and hedge funds own 28.74% of the company’s stock.

Dominion Midstream Partners, Company Profile

Dominion Midstream Partners, LP owns the preferred equity interests and the general partner interest of Dominion Cove Point LNG, LP (Cove Point). Cove Point owns liquefied natural gas (LNG) import, storage, regasification and transportation assets. The Company’s segment is Dominion Energy, which consists of gas transportation, LNG import and storage.

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