Dominion Midstream Partners Institutional Investor Sentiment Up in 2018 Q1

June 17, 2018 - By Vivian Currie

Sentiment for Dominion Midstream Partners (NYSE:DM)

Dominion Midstream Partners (NYSE:DM) institutional sentiment increased to 1.63 in Q1 2018. Its up 0.84, from 0.79 in 2017Q4. The ratio has increased, as 52 active investment managers increased or started new stock positions, while 32 sold and reduced their stock positions in Dominion Midstream Partners. The active investment managers in our partner’s database now have: 39.34 million shares, up from 35.73 million shares in 2017Q4. Also, the number of active investment managers holding Dominion Midstream Partners in their top 10 stock positions decreased from 2 to 0 for a decrease of 2. Sold All: 16 Reduced: 16 Increased: 36 New Position: 16.

Dominion Energy Midstream Partners, LP owns liquefied natural gas import, storage, regasification, and transportation assets. The company has market cap of $1.29 billion. It owns and operates LNG facility located on the Chesapeake Bay in Lusby, Maryland; and has approximately 136 miles of natural gas pipeline that connects its LNG facility to interstate natural gas pipelines. It has a 9.6 P/E ratio. The firm 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 38,700 installed compressor horsepower.

The stock decreased 3.00% or $0.4 during the last trading session, reaching $12.95. About 7.10 million shares traded or 808.58% up from the average. Dominion Energy Midstream Partners, LP (NYSE:DM) has declined 54.15% since June 17, 2017 and is downtrending. It has underperformed by 66.72% the S&P500.

Analysts await Dominion Energy Midstream Partners, LP (NYSE:DM) to report earnings on August, 1. They expect $0.39 EPS, up 25.81 % or $0.08 from last year’s $0.31 per share. DM’s profit will be $38.97M for 8.30 P/E if the $0.39 EPS becomes a reality. After $0.35 actual EPS reported by Dominion Energy Midstream Partners, LP for the previous quarter, Wall Street now forecasts 11.43 % EPS growth.

Chickasaw Capital Management Llc holds 1.72% of its portfolio in Dominion Energy Midstream Partners, LP for 4.71 million shares. Nbw Capital Llc owns 253,814 shares or 1.22% of their US portfolio. Moreover, A. D. Beadell Investment Counsel Inc. has 1.17% invested in the company for 88,350 shares. The New York-based Spirit Of America Management Corp Ny has invested 1.09% in the stock. Wills Financial Group Inc., a Virginia-based fund reported 83,718 shares.

Dominion Energy Midstream Partners, LP (NYSE:DM) Ratings Coverage

Ratings analysis reveals 18% of Dominion Midstream’s analysts are positive. Out of 11 Wall Street analysts rating Dominion Midstream, 2 give it “Buy”, 0 “Sell” rating, while 9 recommend “Hold”. The lowest target is $15 while the high is $36. The stock’s average target of $24.18 is 86.72% above today’s ($12.95) share price. DM was included in 22 notes of analysts from January 16, 2018. Morgan Stanley maintained the stock with “Underweight” rating in Friday, March 16 report. Wells Fargo maintained the stock with “Market Perform” rating in Thursday, February 1 report. The firm has “Hold” rating by Wells Fargo given on Thursday, March 22. The stock of Dominion Energy Midstream Partners, LP (NYSE:DM) has “Neutral” rating given on Tuesday, March 6 by JP Morgan. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, March 28. The stock has “Hold” rating by RBC Capital Markets on Tuesday, March 20. On Tuesday, March 20 the stock rating was maintained by Guggenheim with “Buy”. The stock of Dominion Energy Midstream Partners, LP (NYSE:DM) has “Buy” rating given on Wednesday, January 17 by Stifel Nicolaus. On Sunday, March 18 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of Dominion Energy Midstream Partners, LP (NYSE:DM) has “Hold” rating given on Monday, March 26 by Mizuho.

More news for Dominion Energy Midstream Partners, LP (NYSE:DM) were recently published by: Seekingalpha.com, which released: “Low Energy MLPs” on June 17, 2018. Seekingalpha.com‘s article titled: “Q1’18 MLP Distribution Recap: Several Growers Overshadowed By 2 Cuts” and published on May 23, 2018 is yet another important article.

Dominion Energy Midstream Partners, LP (NYSE:DM) Institutional Positions Chart

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