J P Morgan Chase & Co lowered shares of Dominion Midstream Partners (NYSE:DM) from an overweight rating to a neutral rating in a report published on Thursday, MarketBeat reports.

Several other equities research analysts have also recently issued reports on the stock. Morgan Stanley lowered their price objective on shares of Dominion Midstream Partners from $33.00 to $32.00 and set an underweight rating for the company in a research report on Friday, November 17th. Zacks Investment Research cut shares of Dominion Midstream Partners from a strong-buy rating to a hold rating in a research report on Tuesday, November 14th. Mizuho cut shares of Dominion Midstream Partners from a buy rating to a neutral rating and set a $34.00 price objective for the company. in a research report on Tuesday, October 31st. Royal Bank of Canada cut shares of Dominion Midstream Partners from an outperform rating to a sector perform rating and set a $35.00 price objective for the company. in a research report on Monday, October 30th. They noted that the move was a valuation call. Finally, Scotiabank reissued a buy rating and issued a $35.00 price objective on shares of Dominion Midstream Partners in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. Dominion Midstream Partners currently has an average rating of Hold and an average target price of $34.78.

Dominion Midstream Partners (NYSE DM) opened at $30.70 on Thursday. Dominion Midstream Partners has a 52 week low of $25.10 and a 52 week high of $34.85. The company has a current ratio of 0.47, a quick ratio of 0.41 and a debt-to-equity ratio of 0.08. The company has a market cap of $2,071.67, a PE ratio of 22.09, a P/E/G ratio of 1.18 and a beta of 1.66.

Dominion Midstream Partners (NYSE:DM) last released its quarterly earnings results on Monday, October 30th. The pipeline company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. Dominion Midstream Partners had a net margin of 22.61% and a return on equity of 2.14%. The firm had revenue of $113.00 million during the quarter, compared to analysts’ expectations of $104.86 million. During the same period in the previous year, the company earned $0.30 EPS. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. analysts predict that Dominion Midstream Partners will post 1.45 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Wills Financial Group Inc. raised its holdings in shares of Dominion Midstream Partners by 12.5% in the 2nd quarter. Wills Financial Group Inc. now owns 57,676 shares of the pipeline company’s stock valued at $1,664,000 after purchasing an additional 6,396 shares in the last quarter. Castleton Investment Management LLC bought a new stake in shares of Dominion Midstream Partners in the 2nd quarter valued at about $894,000. Freestone Capital Holdings LLC raised its holdings in shares of Dominion Midstream Partners by 48.4% in the 2nd quarter. Freestone Capital Holdings LLC now owns 156,408 shares of the pipeline company’s stock valued at $4,512,000 after purchasing an additional 50,984 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of Dominion Midstream Partners by 57.4% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 87,500 shares of the pipeline company’s stock valued at $2,524,000 after purchasing an additional 31,900 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its holdings in shares of Dominion Midstream Partners by 44.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 5,425,065 shares of the pipeline company’s stock valued at $156,513,000 after purchasing an additional 1,677,631 shares in the last quarter. Institutional investors and hedge funds own 58.64% of the company’s stock.

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About Dominion Midstream Partners

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.

Analyst Recommendations for Dominion Midstream Partners (NYSE:DM)

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