Dividend Assets Capital LLC Acquires 139,240 Shares of Dominion Midstream Partners, LP (DM)

Dividend Assets Capital LLC grew its holdings in shares of Dominion Midstream Partners, LP (NYSE:DM) by 163.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 224,240 shares of the pipeline company’s stock after purchasing an additional 139,240 shares during the period. Dividend Assets Capital LLC owned approximately 0.33% of Dominion Midstream Partners, worth $7,176,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Signature Financial Management Inc. purchased a new position in Dominion Midstream Partners, in the 2nd quarter worth approximately $202,000. Keybank National Association OH raised its holdings in Dominion Midstream Partners, by 5.3% in the 2nd quarter. Keybank National Association OH now owns 8,000 shares of the pipeline company’s stock worth $231,000 after acquiring an additional 400 shares during the last quarter. Botty Investors LLC raised its holdings in Dominion Midstream Partners, by 772.9% in the 2nd quarter. Botty Investors LLC now owns 8,616 shares of the pipeline company’s stock worth $249,000 after acquiring an additional 7,629 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in Dominion Midstream Partners, by 12.3% in the 2nd quarter. Proficio Capital Partners LLC now owns 9,702 shares of the pipeline company’s stock worth $264,000 after acquiring an additional 1,064 shares during the last quarter. Finally, Blair William & Co. IL raised its holdings in Dominion Midstream Partners, by 11.0% in the 2nd quarter. Blair William & Co. IL now owns 11,085 shares of the pipeline company’s stock worth $320,000 after acquiring an additional 1,100 shares during the last quarter. Hedge funds and other institutional investors own 60.06% of the company’s stock.

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Shares of Dominion Midstream Partners, LP (NYSE:DM) traded down $0.25 on Tuesday, reaching $30.70. 154,600 shares of the company’s stock were exchanged, compared to its average volume of 223,428. The stock has a market cap of $2,088.54, a price-to-earnings ratio of 22.27, a PEG ratio of 1.19 and a beta of 1.69. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.41 and a current ratio of 0.47. Dominion Midstream Partners, LP has a 1-year low of $23.65 and a 1-year high of $34.85.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Monday, November 6th will be paid a dividend of $0.3025 per share. The ex-dividend date of this dividend is Friday, November 3rd. This is a positive change from Dominion Midstream Partners,’s previous quarterly dividend of $0.29. This represents a $1.21 dividend on an annualized basis and a yield of 3.94%. Dominion Midstream Partners,’s payout ratio is currently 87.05%.

DM has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Dominion Midstream Partners, from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective for the company in a report on Tuesday, October 24th. Stifel Nicolaus set a $33.00 price objective on shares of Dominion Midstream Partners, and gave the stock a “buy” rating in a report on Thursday, August 3rd. Barclays PLC lowered shares of Dominion Midstream Partners, from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $37.00 to $32.00 in a report on Tuesday, July 18th. BidaskClub upgraded shares of Dominion Midstream Partners, from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Finally, Mizuho restated a “buy” rating and issued a $34.00 price objective on shares of Dominion Midstream Partners, in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $34.89.

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.

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

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