Kayne Anderson Capital Advisors LP Raises Stake in Hess Midstream Partners LP (HESM)

Kayne Anderson Capital Advisors LP lifted its holdings in shares of Hess Midstream Partners LP (NYSE:HESM) by 16.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 713,594 shares of the company’s stock after purchasing an additional 102,807 shares during the quarter. Kayne Anderson Capital Advisors LP’s holdings in Hess Midstream Partners were worth $16,271,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Dividend Assets Capital LLC lifted its stake in shares of Hess Midstream Partners by 17.9% in the 3rd quarter. Dividend Assets Capital LLC now owns 455,207 shares of the company’s stock valued at $10,383,000 after purchasing an additional 69,170 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Hess Midstream Partners by 3.6% in the 3rd quarter. Wells Fargo & Company MN now owns 240,622 shares of the company’s stock valued at $5,489,000 after purchasing an additional 8,283 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Hess Midstream Partners by 53.2% in the 3rd quarter. Acadian Asset Management LLC now owns 136,225 shares of the company’s stock valued at $3,106,000 after purchasing an additional 47,322 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Hess Midstream Partners by 66.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 164,559 shares of the company’s stock valued at $3,754,000 after purchasing an additional 65,583 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of Hess Midstream Partners by 83.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 29,255 shares of the company’s stock valued at $576,000 after purchasing an additional 13,315 shares in the last quarter. Hedge funds and other institutional investors own 52.22% of the company’s stock.

HESM has been the topic of several research analyst reports. Credit Suisse Group initiated coverage on Hess Midstream Partners in a research note on Thursday, October 11th. They issued an “outperform” rating and a $29.00 price objective on the stock. Zacks Investment Research raised Hess Midstream Partners from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Tuesday, July 31st. Citigroup lifted their price objective on Hess Midstream Partners from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, October 16th. Morgan Stanley boosted their price target on Hess Midstream Partners from $24.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, August 17th. Finally, TheStreet raised Hess Midstream Partners from a “d+” rating to a “c” rating in a research report on Tuesday, September 11th. Six equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of $26.83.

Hess Midstream Partners stock opened at $19.37 on Friday. The company has a market cap of $545.67 million, a P/E ratio of 16.39, a P/E/G ratio of 1.42 and a beta of 1.17. Hess Midstream Partners LP has a one year low of $18.32 and a one year high of $24.51.

Hess Midstream Partners (NYSE:HESM) last released its quarterly earnings results on Wednesday, October 31st. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The firm had revenue of $169.50 million for the quarter, compared to analyst estimates of $169.15 million. Hess Midstream Partners had a return on equity of 2.58% and a net margin of 10.53%. Analysts predict that Hess Midstream Partners LP will post 1.28 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 13th. Investors of record on Monday, November 5th were given a dividend of $0.3575 per share. The ex-dividend date of this dividend was Friday, November 2nd. This is a positive change from Hess Midstream Partners’s previous quarterly dividend of $0.35. This represents a $1.43 annualized dividend and a yield of 7.38%.

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About Hess Midstream Partners

Hess Midstream Partners LP owns, operates, develops, and acquires midstream assets to provide 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 include natural gas and crude oil gathering and compression systems located primarily in McKenzie, Williams and Mountrail Counties, and North Dakota.

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Institutional Ownership by Quarter for Hess Midstream Partners (NYSE:HESM)

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