Stifel Nicolaus upgraded shares of Dominion Midstream Partners LP (NYSE:DM) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning. They currently have $29.00 price target on the stock. The analysts noted that the move was a valuation call.

Several other research analysts also recently commented on the stock. Morgan Stanley downgraded shares of Dominion Midstream Partners from an overweight rating to an equal weight rating and lowered their price objective for the company from $40.00 to $30.00 in a research report on Thursday, August 18th. Barclays PLC lowered their price objective on shares of Dominion Midstream Partners from $35.00 to $32.00 and set an overweight rating for the company in a research report on Thursday, August 4th. Finally, Zacks Investment Research downgraded shares of Dominion Midstream Partners from a buy rating to a hold rating in a research report on Friday, July 15th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $34.88.

Shares of Dominion Midstream Partners (NYSE:DM) opened at 24.52 on Wednesday. Dominion Midstream Partners has a 12 month low of $23.12 and a 12 month high of $35.88. The company has a market cap of $1.91 billion, a PE ratio of 21.19 and a beta of 1.71. The firm’s 50 day moving average is $25.67 and its 200 day moving average is $29.02.

Dominion Midstream Partners (NYSE:DM) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by $0.01. Dominion Midstream Partners had a net margin of 19.33% and a return on equity of 1.82%. The firm had revenue of $85.60 million for the quarter, compared to analyst estimates of $93.83 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. The firm’s revenue for the quarter was down 18.8% on a year-over-year basis. On average, equities analysts predict that Dominion Midstream Partners will post $1.17 earnings per share for the current year.

In other Dominion Midstream Partners news, Director Dominion Resources Inc /Va/ acquired 28,372 shares of Dominion Midstream Partners stock in a transaction that occurred on Tuesday, September 13th. The shares were bought at an average price of $25.13 per share, with a total value of $712,988.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.17% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of DM. Tortoise Capital Advisors L.L.C. boosted its stake in shares of Dominion Midstream Partners by 2.2% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 2,861,093 shares of the company’s stock worth $80,483,000 after buying an additional 61,986 shares during the period. Harvest Fund Advisors LLC boosted its stake in shares of Dominion Midstream Partners by 5.9% in the first quarter. Harvest Fund Advisors LLC now owns 959,686 shares of the company’s stock worth $32,389,000 after buying an additional 53,068 shares during the period. Center Coast Capital Advisors LP boosted its stake in shares of Dominion Midstream Partners by 41.5% in the second quarter. Center Coast Capital Advisors LP now owns 804,325 shares of the company’s stock worth $22,626,000 after buying an additional 235,963 shares during the period. Duff & Phelps Investment Management Co. boosted its stake in shares of Dominion Midstream Partners by 11.1% in the second quarter. Duff & Phelps Investment Management Co. now owns 401,100 shares of the company’s stock worth $11,283,000 after buying an additional 40,000 shares during the period. Finally, Westwood Holdings Group Inc. boosted its stake in shares of Dominion Midstream Partners by 4.3% in the second quarter. Westwood Holdings Group Inc. now owns 395,664 shares of the company’s stock worth $11,130,000 after buying an additional 16,230 shares during the period. 37.42% of the stock is currently owned by institutional investors.

About Dominion Midstream Partners

Dominion Midstream Partners, LP owns the preferred equity interests and the general partner interest of Dominion Cove Point LNG, LP (Cove Point). Cove Point owns liquefied natural gas (LNG) import, storage, regasification and transportation assets. The Company’s segment is Dominion Energy, which consists of gas transportation, LNG import and storage.

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