Dominion Midstream Partners, LP (DM) Receives New Coverage from Analysts at Guggenheim

Guggenheim began coverage on shares of Dominion Midstream Partners, LP (NYSE:DM) in a research note released on Tuesday. The firm issued a buy rating and a $39.00 price objective on the pipeline company’s stock.

A number of other equities analysts have also recently commented on DM. Royal Bank Of Canada reissued a buy rating and set a $35.00 target price on shares of Dominion Midstream Partners, in a report on Wednesday, September 27th. BidaskClub upgraded Dominion Midstream Partners, from a strong sell rating to a sell rating in a research report on Saturday, August 12th. Zacks Investment Research upgraded Dominion Midstream Partners, from a sell rating to a hold rating in a research report on Tuesday, August 15th. Stifel Nicolaus set a $33.00 price target on Dominion Midstream Partners, and gave the company a buy rating in a research report on Thursday, August 3rd. Finally, Morgan Stanley lowered Dominion Midstream Partners, from an overweight rating to an underweight rating and upped their price target for the company from $32.00 to $33.00 in a research report on Thursday, September 28th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $34.67.

Dominion Midstream Partners, (DM) traded up 0.16% during trading on Tuesday, reaching $32.25. The company’s stock had a trading volume of 10,639 shares. Dominion Midstream Partners, has a one year low of $23.20 and a one year high of $34.85. The firm has a market capitalization of $2.17 billion, a P/E ratio of 23.04 and a beta of 1.70. The stock has a 50-day moving average of $30.26 and a 200 day moving average of $29.38.

Dominion Midstream Partners, (NYSE:DM) last announced its earnings results on Wednesday, August 2nd. The pipeline company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $130.04 million. During the same period in the previous year, the company earned $0.28 EPS. Dominion Midstream Partners,’s revenue was up 35.2% compared to the same quarter last year. On average, equities research analysts predict that Dominion Midstream Partners, will post $1.30 EPS for the current fiscal year.

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Several hedge funds have recently bought and sold shares of DM. Mariner Investment Group LLC grew its position in Dominion Midstream Partners, by 460.2% in the second quarter. Mariner Investment Group LLC now owns 107,000 shares of the pipeline company’s stock worth $3,087,000 after acquiring an additional 87,900 shares during the period. Bank of New York Mellon Corp grew its position in Dominion Midstream Partners, by 371.4% in the first quarter. Bank of New York Mellon Corp now owns 36,221 shares of the pipeline company’s stock worth $1,157,000 after acquiring an additional 28,537 shares during the period. State of New Jersey Common Pension Fund D grew its position in Dominion Midstream Partners, by 57.4% in the second quarter. State of New Jersey Common Pension Fund D now owns 87,500 shares of the pipeline company’s stock worth $2,524,000 after acquiring an additional 31,900 shares during the period. Endurance Wealth Management Inc. grew its position in Dominion Midstream Partners, by 0.8% in the second quarter. Endurance Wealth Management Inc. now owns 215,718 shares of the pipeline company’s stock worth $6,223,000 after acquiring an additional 1,812 shares during the period. Finally, Freestone Capital Holdings LLC grew its position in Dominion Midstream Partners, by 48.4% in the second quarter. Freestone Capital Holdings LLC now owns 156,408 shares of the pipeline company’s stock worth $4,512,000 after acquiring an additional 50,984 shares during the period. Institutional investors and hedge funds own 53.98% of the company’s stock.

About Dominion Midstream Partners,

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.

Analyst Recommendations for Dominion Midstream Partners, (NYSE:DM)

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