Dominion Midstream Partners, LP (NYSE:DM) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other brokerages have also recently issued reports on DM. Stifel Nicolaus set a $33.00 target price on shares of Dominion Midstream Partners, and gave the stock a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research cut shares of Dominion Midstream Partners, from a “strong-buy” rating to a “hold” rating in a report on Friday, July 21st. Barclays PLC cut shares of Dominion Midstream Partners, from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $37.00 to $32.00 in a report on Tuesday, July 18th. TheStreet cut shares of Dominion Midstream Partners, from a “b-” rating to a “c” rating in a research note on Wednesday, May 31st. Finally, Scotiabank set a $35.00 price target on shares of Dominion Midstream Partners, and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $34.25.

Dominion Midstream Partners, (NYSE:DM) opened at 27.55 on Friday. Dominion Midstream Partners, has a 12 month low of $23.17 and a 12 month high of $33.70. The company’s 50-day moving average price is $27.14 and its 200 day moving average price is $29.61. The firm has a market capitalization of $2.73 billion, a PE ratio of 20.33 and a beta of 1.67.

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

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Several hedge funds have recently made changes to their positions in DM. State of New Jersey Common Pension Fund D increased its stake in shares of Dominion Midstream Partners, by 92.8% in the first quarter. State of New Jersey Common Pension Fund D now owns 55,600 shares of the pipeline company’s stock worth $1,776,000 after buying an additional 26,760 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Dominion Midstream Partners, during the first quarter worth about $187,000. First Trust Advisors LP increased its stake in shares of Dominion Midstream Partners, by 11.0% in the first quarter. First Trust Advisors LP now owns 135,470 shares of the pipeline company’s stock worth $4,328,000 after buying an additional 13,436 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of 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 buying an additional 28,537 shares in the last quarter. Finally, BNP Paribas Arbitrage SA bought a new stake in shares of Dominion Midstream Partners, during the first quarter worth about $137,000. Hedge funds and other institutional investors own 55.61% 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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