Neuberger Berman Group LLC increased its position in Dominion Midstream Partners, LP (NYSE:DM) by 44.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,425,065 shares of the pipeline company’s stock after buying an additional 1,677,631 shares during the period. Neuberger Berman Group LLC owned about 5.47% of Dominion Midstream Partners, worth $156,513,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Credit Agricole S A bought a new stake in Dominion Midstream Partners, during the first quarter worth approximately $1,118,000. Chicago Partners Investment Group LLC increased its stake in Dominion Midstream Partners, by 11.4% in the first quarter. Chicago Partners Investment Group LLC now owns 64,921 shares of the pipeline company’s stock worth $2,074,000 after buying an additional 6,631 shares during the period. Stifel Financial Corp increased its stake in Dominion Midstream Partners, by 0.9% in the first quarter. Stifel Financial Corp now owns 34,978 shares of the pipeline company’s stock worth $1,116,000 after buying an additional 313 shares during the period. JPMorgan Chase & Co. increased its stake in Dominion Midstream Partners, by 46.2% in the first quarter. JPMorgan Chase & Co. now owns 1,091,797 shares of the pipeline company’s stock worth $34,883,000 after buying an additional 345,149 shares during the period. Finally, Tiedemann Wealth Management LLC bought a new stake in Dominion Midstream Partners, during the first quarter worth approximately $3,263,000. 55.61% of the stock is owned by institutional investors and hedge funds.

Shares of Dominion Midstream Partners, LP (NYSE:DM) opened at 27.35 on Tuesday. The stock’s 50 day moving average is $27.14 and its 200-day moving average is $29.61. The company has a market cap of $2.71 billion, a P/E ratio of 20.18 and a beta of 1.67. Dominion Midstream Partners, LP has a 12 month low of $23.17 and a 12 month high of $33.70.

Dominion Midstream Partners, (NYSE:DM) last announced its quarterly earnings data on Wednesday, August 2nd. The pipeline company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.04. The firm had revenue of $115.70 million for the quarter, compared to analysts’ expectations of $130.04 million. Dominion Midstream Partners, had a return on equity of 1.82% and a net margin of 19.08%. The firm’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS. On average, equities analysts forecast that Dominion Midstream Partners, LP will post $1.38 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Friday, August 4th were given a dividend of $0.288 per share. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.21%. This is an increase from Dominion Midstream Partners,’s previous quarterly dividend of $0.27. Dominion Midstream Partners,’s dividend payout ratio is presently 84.56%.

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A number of research firms have commented on DM. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $41.00 target price on shares of Dominion Midstream Partners, in a research report on Monday, May 8th. Zacks Investment Research downgraded shares of Dominion Midstream Partners, from a “hold” rating to a “sell” rating in a research report on Friday, May 5th. TheStreet downgraded shares of Dominion Midstream Partners, from a “b-” rating to a “c” rating in a research report on Wednesday, May 31st. BidaskClub raised shares of Dominion Midstream Partners, from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Finally, Barclays PLC downgraded shares of Dominion Midstream Partners, from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $37.00 to $32.00 in a research report on Tuesday, July 18th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Dominion Midstream Partners, has a consensus rating of “Buy” and an average target price of $34.25.

Dominion 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.

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Institutional Ownership by Quarter for Dominion Midstream Partners, (NYSE:DM)

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