Universal Beteiligungs und Servicegesellschaft mbH Invests $385,000 in Hess Midstream Partners LP $HESM

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Hess Midstream Partners LP (NYSE:HESM) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 10,000 shares of the company’s stock, valued at approximately $385,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Avantax Advisory Services Inc. acquired a new position in shares of Hess Midstream Partners in the first quarter valued at approximately $229,000. Cetera Investment Advisers grew its stake in shares of Hess Midstream Partners by 8.4% in the first quarter. Cetera Investment Advisers now owns 36,762 shares of the company’s stock worth $1,555,000 after acquiring an additional 2,847 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Hess Midstream Partners by 51.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,887 shares of the company’s stock worth $1,179,000 after acquiring an additional 9,424 shares during the period. LPL Financial LLC increased its position in shares of Hess Midstream Partners by 0.4% during the first quarter. LPL Financial LLC now owns 195,428 shares of the company’s stock worth $8,265,000 after acquiring an additional 818 shares during the period. Finally, Alberta Investment Management Corp acquired a new stake in shares of Hess Midstream Partners in the first quarter valued at $1,506,000. 98.97% of the stock is currently owned by hedge funds and other institutional investors.

Hess Midstream Partners Stock Performance

Shares of HESM opened at $33.68 on Friday. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 11.94 and a beta of 0.62. Hess Midstream Partners LP has a 52-week low of $31.63 and a 52-week high of $44.14. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 8.83. The stock has a 50 day moving average price of $33.52 and a 200 day moving average price of $37.47.

Hess Midstream Partners (NYSE:HESM) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.02. The business had revenue of $420.90 million during the quarter, compared to the consensus estimate of $424.36 million. Hess Midstream Partners had a net margin of 20.46% and a return on equity of 69.03%. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 EPS. Research analysts predict that Hess Midstream Partners LP will post 2.5 EPS for the current fiscal year.

Hess Midstream Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Thursday, November 6th were issued a dividend of $0.7548 per share. The ex-dividend date of this dividend was Thursday, November 6th. This is a positive change from Hess Midstream Partners’s previous quarterly dividend of $0.74. This represents a $3.02 annualized dividend and a dividend yield of 9.0%. Hess Midstream Partners’s dividend payout ratio is 107.09%.

Analyst Ratings Changes

HESM has been the subject of several analyst reports. Raymond James Financial reissued an “outperform” rating and set a $35.00 target price (down from $48.00) on shares of Hess Midstream Partners in a research note on Friday, October 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Hess Midstream Partners in a research report on Tuesday. UBS Group restated a “neutral” rating and set a $43.00 target price (down from $45.00) on shares of Hess Midstream Partners in a research note on Wednesday, September 10th. JPMorgan Chase & Co. lifted their price target on shares of Hess Midstream Partners from $44.00 to $46.00 and gave the stock a “neutral” rating in a research note on Friday, August 22nd. Finally, Wall Street Zen cut shares of Hess Midstream Partners from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Hess Midstream Partners currently has a consensus rating of “Hold” and a consensus price target of $40.57.

About Hess Midstream Partners

Hess Midstream LP owns, develops, operates, and acquires midstream assets and provide fee-based services to Hess and third-party customers in the United States. It operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. The Gathering segment owns natural gas gathering and compression systems; crude oil gathering systems; and produced water gathering and disposal facilities.