Dominion Energy Midstream Partners (NYSE:DM) was downgraded by research analysts at Citigroup from a “buy” rating to a “neutral” rating in a note issued to investors on Thursday, September 20th, Marketbeat reports. They presently have a $17.00 price target on the pipeline company’s stock. Citigroup’s target price would suggest a potential downside of 6.34% from the company’s previous close.

DM has been the topic of several other research reports. Zacks Investment Research raised shares of Dominion Energy Midstream Partners from a “strong sell” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, July 4th. Stifel Nicolaus raised their target price on shares of Dominion Energy Midstream Partners from $13.00 to $15.00 and gave the company a “hold” rating in a report on Monday, July 9th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the company. Dominion Energy Midstream Partners presently has an average rating of “Hold” and an average price target of $22.45.

Shares of DM traded down $0.10 during mid-day trading on Thursday, hitting $18.15. 850,113 shares of the company’s stock were exchanged, compared to its average volume of 744,204. The stock has a market capitalization of $2.27 billion, a PE ratio of 13.44 and a beta of 1.96. Dominion Energy Midstream Partners has a fifty-two week low of $12.55 and a fifty-two week high of $33.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.24 and a current ratio of 1.42.

Dominion Energy Midstream Partners (NYSE:DM) last issued its quarterly earnings results on Wednesday, August 1st. The pipeline company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.07. The business had revenue of $247.60 million for the quarter, compared to analysts’ expectations of $291.16 million. Dominion Energy Midstream Partners had a net margin of 28.46% and a return on equity of 2.76%. The business’s quarterly revenue was up 114.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 earnings per share. On average, sell-side analysts predict that Dominion Energy Midstream Partners will post 1.55 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN grew its position in shares of Dominion Energy Midstream Partners by 44.5% during the first quarter. Wells Fargo & Company MN now owns 127,622 shares of the pipeline company’s stock worth $1,958,000 after acquiring an additional 39,299 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Dominion Energy Midstream Partners during the first quarter worth approximately $740,000. BlackRock Inc. grew its position in shares of Dominion Energy Midstream Partners by 1.0% during the first quarter. BlackRock Inc. now owns 426,056 shares of the pipeline company’s stock worth $6,540,000 after acquiring an additional 4,300 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Dominion Energy Midstream Partners by 66.8% during the first quarter. JPMorgan Chase & Co. now owns 1,064,803 shares of the pipeline company’s stock worth $16,345,000 after acquiring an additional 426,299 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in shares of Dominion Energy Midstream Partners by 146.0% during the first quarter. Municipal Employees Retirement System of Michigan now owns 239,410 shares of the pipeline company’s stock worth $3,675,000 after purchasing an additional 142,100 shares during the period. Institutional investors own 30.22% of the company’s stock.

Dominion Energy Midstream Partners Company Profile

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.

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Analyst Recommendations for Dominion Energy Midstream Partners (NYSE:DM)

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