Diane Leopold Sells 2,500 Shares of Dominion Energy Midstream Partners LP (DM) Stock

Dominion Energy Midstream Partners LP (NYSE:DM) CEO Diane Leopold sold 2,500 shares of the business’s stock in a transaction dated Wednesday, December 12th. The shares were sold at an average price of $19.22, for a total value of $48,050.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

DM traded up $0.22 on Friday, hitting $19.36. 1,333,871 shares of the company traded hands, compared to its average volume of 1,283,098. The company has a quick ratio of 1.91, a current ratio of 2.24 and a debt-to-equity ratio of 0.44. The company has a market cap of $2.45 billion, a PE ratio of 14.34 and a beta of 1.67. Dominion Energy Midstream Partners LP has a 12-month low of $12.55 and a 12-month high of $32.55.

Dominion Energy Midstream Partners (NYSE:DM) last posted its quarterly earnings data on Thursday, November 1st. The pipeline company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.04). The company had revenue of $284.20 million for the quarter, compared to analysts’ expectations of $298.60 million. Dominion Energy Midstream Partners had a net margin of 21.93% and a return on equity of 2.70%. The firm’s revenue was up 151.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.33 earnings per share. As a group, sell-side analysts expect that Dominion Energy Midstream Partners LP will post 1.4 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Clearbridge Investments LLC raised its stake in Dominion Energy Midstream Partners by 9.1% during the 3rd quarter. Clearbridge Investments LLC now owns 1,625,250 shares of the pipeline company’s stock valued at $29,092,000 after acquiring an additional 136,000 shares during the last quarter. Morgan Stanley increased its position in Dominion Energy Midstream Partners by 72.5% during the 3rd quarter. Morgan Stanley now owns 2,105,227 shares of the pipeline company’s stock worth $37,683,000 after purchasing an additional 885,086 shares during the period. Neuberger Berman Group LLC increased its position in Dominion Energy Midstream Partners by 37.0% during the 3rd quarter. Neuberger Berman Group LLC now owns 7,902,512 shares of the pipeline company’s stock worth $141,455,000 after purchasing an additional 2,133,922 shares during the period. Bramshill Investments LLC acquired a new position in Dominion Energy Midstream Partners during the 3rd quarter worth approximately $974,000. Finally, Alpine Global Management LLC acquired a new position in Dominion Energy Midstream Partners during the 3rd quarter worth approximately $2,078,000. 31.06% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently weighed in on the company. ValuEngine raised Dominion Energy Midstream Partners from a “sell” rating to a “hold” rating in a report on Tuesday, December 11th. Zacks Investment Research raised Dominion Energy Midstream Partners from a “hold” rating to a “strong-buy” rating and set a $21.00 target price for the company in a report on Monday, November 19th. Barclays set a $17.00 target price on Dominion Energy Midstream Partners and gave the company a “hold” rating in a report on Friday, October 12th. Morgan Stanley boosted their target price on Dominion Energy Midstream Partners from $17.00 to $18.00 and gave the company a “hold” rating in a report on Friday, September 21st. Finally, Citigroup downgraded Dominion Energy Midstream Partners from a “buy” rating to a “neutral” rating and set a $17.00 target price for the company. in a report on Thursday, September 20th. Eleven analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $21.80.

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About Dominion Energy Midstream Partners

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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