Dominion Energy Midstream Partners LP (NYSE:DM)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $17.10 and last traded at $17.25, with a volume of 514146 shares traded. The stock had previously closed at $17.75.

DM has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Dominion Energy Midstream Partners from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. JPMorgan Chase & Co. cut their target price on shares of Dominion Energy Midstream Partners from $35.00 to $33.00 and set a “neutral” rating on the stock in a report on Tuesday, March 6th. UBS reaffirmed a “buy” rating and set a $36.00 price target (down previously from $39.00) on shares of Dominion Energy Midstream Partners in a report on Friday, March 2nd. Wolfe Research cut Dominion Energy Midstream Partners from an “outperform” rating to a “peer perform” rating in a report on Friday, March 16th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $25.00 price target (down previously from $35.00) on shares of Dominion Energy Midstream Partners in a report on Monday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $30.82.

The stock has a market capitalization of $1,773.78, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 0.75 and a beta of 1.61. The company has a current ratio of 0.96, a quick ratio of 0.74 and a debt-to-equity ratio of 0.12.

Dominion Energy Midstream Partners (NYSE:DM) last posted its quarterly earnings data on Monday, January 29th. The pipeline company reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.05). Dominion Energy Midstream Partners had a net margin of 25.34% and a return on equity of 2.07%. The company had revenue of $121.30 million for the quarter, compared to analyst estimates of $109.15 million. During the same quarter in the prior year, the business earned $0.38 EPS. Dominion Energy Midstream Partners’s revenue was down 31.7% compared to the same quarter last year. sell-side analysts expect that Dominion Energy Midstream Partners LP will post 1.69 EPS for the current year.

In related news, major shareholder Grid Plc National sold 6,783,373 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $25.26, for a total transaction of $171,348,001.98. The transaction was disclosed in a document filed with the SEC, which is available at this link. 11.17% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of DM. Evergreen Capital Management LLC acquired a new position in shares of Dominion Energy Midstream Partners during the third quarter valued at approximately $570,000. Cadence Capital Management LLC acquired a new position in shares of Dominion Energy Midstream Partners during the third quarter valued at approximately $5,315,000. Cutler Capital Management LLC increased its stake in shares of Dominion Energy Midstream Partners by 14.9% during the third quarter. Cutler Capital Management LLC now owns 70,077 shares of the pipeline company’s stock valued at $2,242,000 after acquiring an additional 9,077 shares during the period. Stifel Financial Corp acquired a new position in shares of Dominion Energy Midstream Partners during the third quarter valued at approximately $917,000. Finally, Signature Financial Management Inc. increased its stake in shares of Dominion Energy Midstream Partners by 42.3% during the third quarter. Signature Financial Management Inc. now owns 10,000 shares of the pipeline company’s stock valued at $320,000 after acquiring an additional 2,975 shares during the period. Institutional investors and hedge funds own 55.78% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Dominion Energy Midstream Partners (DM) Hits New 1-Year Low at $17.10” was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/dominion-energy-midstream-partners-dm-hits-new-1-year-low-at-17-10/1958569.html.

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.

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.