Janney Montgomery Scott LLC Raises Position in Dominion Energy Midstream Partners LP (DM)

Janney Montgomery Scott LLC increased its holdings in Dominion Energy Midstream Partners LP (NYSE:DM) by 8.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,025 shares of the pipeline company’s stock after buying an additional 4,050 shares during the quarter. Janney Montgomery Scott LLC owned about 0.08% of Dominion Energy Midstream Partners worth $1,665,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Neuberger Berman Group LLC grew its stake in shares of Dominion Energy 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 purchasing an additional 1,677,631 shares during the period. Alps Advisors Inc. grew its stake in shares of Dominion Energy Midstream Partners by 25,457.0% during the 3rd quarter. Alps Advisors Inc. now owns 3,947,785 shares of the pipeline company’s stock worth $126,329,000 after purchasing an additional 3,932,338 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Dominion Energy 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 purchasing an additional 21,614 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Dominion Energy Midstream Partners by 7.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,008,837 shares of the pipeline company’s stock worth $29,105,000 after purchasing an additional 67,999 shares during the period. Finally, Spirit of America Management Corp NY grew its stake in shares of Dominion Energy Midstream Partners by 18.3% during the 3rd quarter. Spirit of America Management Corp NY now owns 794,981 shares of the pipeline company’s stock worth $25,439,000 after purchasing an additional 122,882 shares during the period. 58.49% of the stock is currently owned by institutional investors and hedge funds.

Shares of Dominion Energy Midstream Partners LP (NYSE DM) opened at $30.25 on Wednesday. Dominion Energy Midstream Partners LP has a one year low of $25.10 and a one year high of $34.85. The stock has a market cap of $2,054.80, a price-to-earnings ratio of 21.91, a P/E/G ratio of 1.17 and a beta of 1.66. The company has a quick ratio of 0.41, a current ratio of 0.47 and a debt-to-equity ratio of 0.08.

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

A number of research firms recently issued reports on DM. Zacks Investment Research raised shares of Dominion Energy Midstream Partners from a “hold” rating to a “strong-buy” rating and set a $37.00 price target on the stock in a research note on Tuesday, October 24th. J P Morgan Chase & Co cut shares of Dominion Energy Midstream Partners from an “overweight” rating to a “neutral” rating in a research note on Thursday, December 14th. BidaskClub raised shares of Dominion Energy Midstream Partners from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Mizuho reissued a “buy” rating and issued a $34.00 price target on shares of Dominion Energy Midstream Partners in a research note on Friday, October 20th. Finally, Guggenheim began coverage on shares of Dominion Energy Midstream Partners in a research note on Tuesday, October 10th. They issued a “buy” rating and a $39.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $34.78.

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Dominion Energy 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 Energy Midstream Partners (NYSE:DM)

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