JPMorgan Chase & Co. trimmed its position in Dominion Energy Midstream Partners LP (NYSE:DM) by 50.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 923,489 shares of the pipeline company’s stock after selling 926,353 shares during the period. JPMorgan Chase & Co. owned approximately 0.73% of Dominion Energy Midstream Partners worth $16,531,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Chicago Partners Investment Group LLC boosted its stake in Dominion Energy Midstream Partners by 4.8% in the third quarter. Chicago Partners Investment Group LLC now owns 77,329 shares of the pipeline company’s stock valued at $1,417,000 after acquiring an additional 3,545 shares in the last quarter. Tiedemann Advisors LLC boosted its stake in Dominion Energy Midstream Partners by 6.4% in the second quarter. Tiedemann Advisors LLC now owns 80,850 shares of the pipeline company’s stock valued at $1,099,000 after acquiring an additional 4,840 shares in the last quarter. Capital Investment Advisory Services LLC raised its holdings in shares of Dominion Energy Midstream Partners by 50.0% in the third quarter. Capital Investment Advisory Services LLC now owns 16,118 shares of the pipeline company’s stock worth $289,000 after buying an additional 5,376 shares during the last quarter. Whitener Capital Management Inc. purchased a new position in shares of Dominion Energy Midstream Partners in the third quarter worth $106,000. Finally, Cutler Capital Management LLC raised its holdings in shares of Dominion Energy Midstream Partners by 9.0% in the third quarter. Cutler Capital Management LLC now owns 88,377 shares of the pipeline company’s stock worth $1,582,000 after buying an additional 7,300 shares during the last quarter. Institutional investors own 31.06% of the company’s stock.

DM opened at $18.75 on Thursday. Dominion Energy Midstream Partners LP has a fifty-two week low of $12.55 and a fifty-two week high of $32.95. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.24 and a quick ratio of 1.91. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 13.89 and a beta of 1.67.

Dominion Energy Midstream Partners (NYSE:DM) last released its quarterly earnings data on Thursday, November 1st. The pipeline company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). Dominion Energy Midstream Partners had a net margin of 21.93% and a return on equity of 2.70%. The firm had revenue of $284.20 million during the quarter, compared to analysts’ expectations of $298.60 million. During the same period in the previous year, the firm posted $0.33 EPS. The firm’s quarterly revenue was up 151.5% on a year-over-year basis. As a group, equities analysts anticipate that Dominion Energy Midstream Partners LP will post 1.4 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Monday, November 5th were issued a $0.369 dividend. This is a boost from Dominion Energy Midstream Partners’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 7.87%. Dominion Energy Midstream Partners’s payout ratio is presently 109.63%.

Several research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Dominion Energy Midstream Partners from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 23rd. Barclays set a $17.00 target price on shares of Dominion Energy Midstream Partners and gave the stock a “hold” rating in a report on Friday, October 12th. Morgan Stanley raised their target price on shares of Dominion Energy Midstream Partners from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Friday, September 21st. Finally, Citigroup cut shares of Dominion Energy Midstream Partners from a “buy” rating to a “neutral” rating and set a $17.00 target price for the company. in a report on Thursday, September 20th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Dominion Energy Midstream Partners presently has an average rating of “Hold” and a consensus price target of $21.80.

TRADEMARK VIOLATION WARNING: This piece was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this piece can be read at https://www.watchlistnews.com/dominion-energy-midstream-partners-lp-dm-holdings-trimmed-by-jpmorgan-chase-co/2664284.html.

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: Should you buy a closed-end mutual fund?

Want to see what other hedge funds are holding DM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dominion Energy Midstream Partners LP (NYSE:DM).

Institutional Ownership by Quarter 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.