LVW Advisors LLC Has $456,000 Position in Dominion Midstream Partners, LP (DM)

LVW Advisors LLC cut its stake in Dominion Midstream Partners, LP (NYSE:DM) by 5.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,800 shares of the pipeline company’s stock after selling 875 shares during the period. LVW Advisors LLC’s holdings in Dominion Midstream Partners, were worth $456,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Tortoise Capital Advisors L.L.C. boosted its holdings in shares of Dominion Midstream Partners, by 9.8% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 6,951,657 shares of the pipeline company’s stock worth $202,330,000 after buying an additional 618,423 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of Dominion Midstream Partners, by 44.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 5,425,065 shares of the pipeline company’s stock worth $156,513,000 after buying an additional 1,677,631 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Dominion Midstream Partners, by 2.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,113,411 shares of the pipeline company’s stock worth $32,122,000 after buying an additional 21,614 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Dominion Midstream Partners, by 24.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 940,838 shares of the pipeline company’s stock worth $30,059,000 after buying an additional 182,208 shares in the last quarter. Finally, Spirit of America Management Corp NY boosted its holdings in shares of Dominion Midstream Partners, by 12.6% during the 2nd quarter. Spirit of America Management Corp NY now owns 672,099 shares of the pipeline company’s stock worth $19,390,000 after buying an additional 75,400 shares in the last quarter. Institutional investors and hedge funds own 55.61% of the company’s stock.

A number of research firms have issued reports on DM. BidaskClub upgraded Dominion Midstream Partners, from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th. Zacks Investment Research lowered Dominion Midstream Partners, from a “hold” rating to a “strong sell” rating in a research report on Friday, August 4th. Scotiabank set a $35.00 target price on Dominion Midstream Partners, and gave the stock a “buy” rating in a research report on Saturday, July 22nd. Morgan Stanley raised Dominion Midstream Partners, from an “equal weight” rating to an “overweight” rating and set a $32.00 target price on the stock in a research report on Wednesday, August 30th. Finally, TheStreet lowered Dominion Midstream Partners, from a “b-” rating to a “c” rating in a research report on Wednesday, May 31st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Dominion Midstream Partners, has a consensus rating of “Buy” and a consensus target price of $34.00.

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Shares of Dominion Midstream Partners, LP (NYSE DM) traded up 4.77% during trading on Friday, hitting $29.65. The stock had a trading volume of 1,123,773 shares. The firm has a 50 day moving average price of $27.20 and a 200-day moving average price of $29.33. Dominion Midstream Partners, LP has a 52 week low of $23.17 and a 52 week high of $33.70. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 21.88 and a beta of 1.66.

Dominion Midstream Partners, (NYSE:DM) last released its quarterly earnings results on Wednesday, August 2nd. The pipeline company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.04. Dominion Midstream Partners, had a net margin of 19.08% and a return on equity of 1.82%. The firm had revenue of $115.70 million for the quarter, compared to the consensus estimate of $130.04 million. During the same quarter in the prior year, the firm earned $0.28 earnings per share. The company’s revenue for the quarter was up 35.2% compared to the same quarter last year. On average, equities research analysts forecast that Dominion Midstream Partners, LP will post $1.38 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Friday, August 4th were given a dividend of $0.288 per share. The ex-dividend date was Wednesday, August 2nd. This is a positive change from Dominion Midstream Partners,’s previous quarterly dividend of $0.27. This represents a $1.15 annualized dividend and a dividend yield of 3.89%. Dominion Midstream Partners,’s payout ratio is currently 84.56%.

Dominion Midstream Partners, Company Profile

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.

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Institutional Ownership by Quarter for Dominion Midstream Partners, (NYSE:DM)

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