Zacks Investment Research downgraded shares of Dominion Energy Midstream Partners (NYSE:DM) from a strong-buy rating to a hold rating in a research report report published on Monday.

According to Zacks, “Dominion Energy Midstream Partners, LP is a Delaware limited partnership company. Its portfolio consist of natural gas terminaling, processing, storage, transportation and related assets. Dominion Energy Midstream Partners LP, formerly known as Dominion Midstream Partners LP, is headquartered in Richmond, Va. “

Several other equities research analysts have also recently weighed in on DM. Morgan Stanley boosted their target price on Dominion Energy Midstream Partners from $17.00 to $18.00 and gave the stock a hold rating in a research note on Friday, September 21st. Citigroup cut Dominion Energy Midstream Partners from a buy rating to a neutral rating and set a $17.00 target price for the company. in a research note on Thursday, September 20th. ValuEngine cut Dominion Energy Midstream Partners from a hold rating to a sell rating in a research note on Wednesday, January 2nd. Finally, Barclays set a $17.00 target price on Dominion Energy Midstream Partners and gave the stock a hold rating in a research note on Friday, October 12th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $21.80.

Shares of Dominion Energy Midstream Partners stock traded down $0.87 on Monday, reaching $17.29. 336,383 shares of the company were exchanged, compared to its average volume of 1,677,167. Dominion Energy Midstream Partners has a 1-year low of $12.55 and a 1-year high of $32.55. The company has a market cap of $2.32 billion, a PE ratio of 12.81 and a beta of 1.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.91 and a current ratio of 2.24.

Dominion Energy Midstream Partners (NYSE:DM) last announced its quarterly earnings data on Thursday, November 1st. The pipeline company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.04). Dominion Energy Midstream Partners had a return on equity of 2.70% and a net margin of 21.93%. The company had revenue of $284.20 million for the quarter, compared to analyst estimates of $298.60 million. During the same period in the prior year, the firm posted $0.33 earnings per share. The business’s quarterly revenue was up 151.5% compared to the same quarter last year. On average, sell-side analysts predict that Dominion Energy Midstream Partners will post 1.37 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Monday, January 14th will be paid a dividend of $0.369 per share. This represents a $1.48 annualized dividend and a dividend yield of 8.54%. The ex-dividend date is Friday, January 11th. Dominion Energy Midstream Partners’s dividend payout ratio (DPR) is presently 109.63%.

In related news, CFO James R. Chapman sold 16,800 shares of the company’s stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of $19.22, for a total transaction of $322,896.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Carlos M. Brown sold 3,300 shares of the company’s stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of $19.14, for a total value of $63,162.00. The disclosure for this sale can be found here. Insiders have sold 22,600 shares of company stock valued at $434,108 in the last 90 days. Company insiders own 11.17% of the company’s stock.

A number of hedge funds have recently made changes to their positions in DM. Neuberger Berman Group LLC grew its holdings in Dominion Energy Midstream Partners by 37.0% during the third quarter. Neuberger Berman Group LLC now owns 7,902,512 shares of the pipeline company’s stock worth $141,455,000 after acquiring an additional 2,133,922 shares during the period. Advisory Research Inc. acquired a new stake in Dominion Energy Midstream Partners in the third quarter valued at $20,091,000. Tortoise Capital Advisors L.L.C. grew its holdings in Dominion Energy Midstream Partners by 16.5% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 6,380,140 shares of the pipeline company’s stock valued at $117,665,000 after purchasing an additional 904,313 shares during the last quarter. Morgan Stanley grew its holdings in Dominion Energy Midstream Partners by 72.5% in the third quarter. Morgan Stanley now owns 2,105,227 shares of the pipeline company’s stock valued at $37,683,000 after purchasing an additional 885,086 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in Dominion Energy Midstream Partners by 234.7% in the third quarter. Bank of Montreal Can now owns 514,710 shares of the pipeline company’s stock valued at $9,213,000 after purchasing an additional 360,911 shares during the last quarter. 30.85% of the stock is currently owned by hedge funds and other institutional investors.

About Dominion Energy Midstream Partners

Dominion Energy Midstream Partners, LP owns liquefied natural gas (LNG) terminalling, storage, regasification, and transportation assets. It owns and operates LNG terminalling and storage facility located on the Chesapeake Bay in Lusby, Maryland. The company also operates an interstate pipeline in South Carolina and southeastern Georgia comprising natural gas system consisting of approximately 1,500 miles of transmission pipeline and 5 compressor stations with approximately 34,500 installed compressor horsepower.

Recommended Story: Dow Jones Industrial Average (DJIA)

Get a free copy of the Zacks research report on Dominion Energy Midstream Partners (DM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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