166,080 Shares in Dominion Midstream Partners, LP (DM) Acquired by Cadence Capital Management LLC

Cadence Capital Management LLC bought a new stake in shares of Dominion Midstream Partners, LP (NYSE:DM) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 166,080 shares of the pipeline company’s stock, valued at approximately $5,315,000. Cadence Capital Management LLC owned approximately 0.25% of Dominion Midstream Partners at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Evergreen Capital Management LLC purchased a new stake in Dominion Midstream Partners in the 3rd quarter worth $570,000. Edge Advisors LLC increased its holdings in Dominion Midstream Partners by 3.9% in the 3rd quarter. Edge Advisors LLC now owns 211,571 shares of the pipeline company’s stock worth $6,769,000 after acquiring an additional 8,017 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in Dominion Midstream Partners in the 3rd quarter worth $3,114,000. Dividend Assets Capital LLC increased its holdings in Dominion Midstream Partners by 163.8% in the 3rd quarter. Dividend Assets Capital LLC now owns 224,240 shares of the pipeline company’s stock worth $7,176,000 after acquiring an additional 139,240 shares in the last quarter. Finally, Alps Advisors Inc. increased its holdings in Dominion Midstream Partners by 25,457.0% in the 3rd quarter. Alps Advisors Inc. now owns 3,947,785 shares of the pipeline company’s stock worth $126,329,000 after acquiring an additional 3,932,338 shares in the last quarter. 58.60% of the stock is owned by hedge funds and other institutional investors.

Dominion Midstream Partners, LP (NYSE DM) opened at $30.75 on Tuesday. The company has a current ratio of 0.47, a quick ratio of 0.41 and a debt-to-equity ratio of 0.08. The firm has a market cap of $2,118.91, a PE ratio of 22.59, a PEG ratio of 1.20 and a beta of 1.69. Dominion Midstream Partners, LP has a 1 year low of $24.40 and a 1 year high of $34.85.

Dominion Midstream Partners (NYSE:DM) last announced its quarterly earnings results on Monday, October 30th. The pipeline company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04. The firm had revenue of $113.00 million for the quarter, compared to analysts’ expectations of $104.86 million. Dominion Midstream Partners had a net margin of 22.61% and a return on equity of 2.14%. The company’s revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS. analysts expect that Dominion Midstream Partners, LP will post 1.45 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Monday, November 6th were given a dividend of $0.3025 per share. This is a boost from Dominion Midstream Partners’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $1.21 annualized dividend and a dividend yield of 3.93%. Dominion Midstream Partners’s payout ratio is presently 87.05%.

Several equities research analysts recently commented on the stock. TheStreet raised shares of Dominion Midstream Partners from a “c” rating to a “b” rating in a report on Monday, October 16th. Royal Bank Of Canada reissued a “buy” rating and issued a $35.00 price target on shares of Dominion Midstream Partners in a report on Wednesday, September 27th. Stifel Nicolaus set a $33.00 target price on shares of Dominion Midstream Partners and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of Dominion Midstream Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Finally, BidaskClub raised shares of Dominion Midstream Partners from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $34.78.

WARNING: This news story was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this news story on another site, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://sportsperspectives.com/2017/11/28/166080-shares-in-dominion-midstream-partners-lp-dm-acquired-by-cadence-capital-management-llc.html.

Dominion Midstream Partners 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.

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

Receive News & Ratings for Dominion Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Midstream Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply