Exclusive: Dominion Midstream Partners LP Stock Is Rising Now

Exclusive: Dominion Midstream Partners LP Stock Is Rising Now

The stock of Dominion Midstream Partners LP (NYSE:DM) is a huge mover today! The stock increased 2.93% or $0.7 on October 3, hitting $24.61. About 124,864 shares traded hands. Dominion Midstream Partners LP (NYSE:DM) has declined 21.30% since February 29, 2016 and is downtrending. It has underperformed by 33.51% the S&P500.
The move comes after 6 months positive chart setup for the $1.95 billion company. It was reported on Oct, 4 by Barchart.com. We have $36.92 PT which if reached, will make NYSE:DM worth $975.00M more.

Analysts await Dominion Midstream Partners LP (NYSE:DM) to report earnings on November, 7. They expect $0.30 earnings per share, up 7.14% or $0.02 from last year’s $0.28 per share. DM’s profit will be $23.77 million for 20.51 P/E if the $0.30 EPS becomes a reality. After $0.28 actual earnings per share reported by Dominion Midstream Partners LP for the previous quarter, Wall Street now forecasts 7.14% EPS growth.

Dominion Midstream Partners LP (NYSE:DM) Ratings Coverage

Out of 7 analysts covering Dominion Midstream Partners LP (NYSE:DM), 5 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 71% are positive. Dominion Midstream Partners LP has been the topic of 12 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Zacks on Thursday, August 6. On Friday, September 30 the stock rating was initiated by Mizuho with “Buy”. The stock of Dominion Midstream Partners LP (NYSE:DM) has “Buy” rating given on Wednesday, September 14 by Stifel Nicolaus. The rating was maintained by RBC Capital Markets on Tuesday, November 3 with “Outperform”. The stock has “Overweight” rating given by Barclays Capital on Thursday, August 4. Morgan Stanley downgraded Dominion Midstream Partners LP (NYSE:DM) rating on Thursday, August 18. Morgan Stanley has “Equal-Weight” rating and $30 price target. DA Davidson initiated the stock with “Buy” rating in Thursday, July 23 report. Goldman Sachs downgraded Dominion Midstream Partners LP (NYSE:DM) on Friday, September 11 to “Sell” rating. Morgan Stanley initiated Dominion Midstream Partners LP (NYSE:DM) on Thursday, February 25 with “Overweight” rating.

According to Zacks Investment Research, “Dominion Midstream Partners, LP owns, operates and develops natural gas infrastructure assets. The Company is formed to own the interests in Dominion Cove Point LNG, LP, which owns liquefied natural gas (LNG) import, storage, regasification and transportation assets. Cove Point’s operations consist of LNG import and storage services at the Cove Point LNG Facility and the transportation of domestic natural gas and regasified LNG to Mid-Atlantic markets via the Cove Point Pipeline. Dominion Midstream Partners, LP is headquartered in Richmond, Virginia.”

Insitutional Activity: The institutional sentiment increased to 1.06 in Q2 2016. Its up 0.14, from 0.92 in 2016Q1. The ratio is positive, as 6 funds sold all Dominion Midstream Partners LP shares owned while 26 reduced positions. 10 funds bought stakes while 24 increased positions. They now own 15.79 million shares or 7.72% less from 17.11 million shares in 2016Q1.
Ftb Advsrs Inc holds 434 shares or 0% of its portfolio. Century Cos last reported 0% of its portfolio in the stock. Citigroup has 0% invested in the company for 35,482 shares. The Texas-based Cushing Asset Mngmt Limited Partnership has invested 0.79% in Dominion Midstream Partners LP (NYSE:DM). Morgan Stanley has invested 0% of its portfolio in Dominion Midstream Partners LP (NYSE:DM). Bamco Incorporated Ny holds 0.07% or 436,011 shares in its portfolio. Geneva Advisors Lc has invested 0.07% of its portfolio in Dominion Midstream Partners LP (NYSE:DM). Castleark Lc holds 0.08% of its portfolio in Dominion Midstream Partners LP (NYSE:DM) for 91,638 shares. Global X Mgmt Ltd Liability accumulated 6,035 shares or 0.01% of the stock. Bessemer Gp holds 1,045 shares or 0% of its portfolio. Endurance Wealth Mgmt Inc last reported 219,281 shares in the company. Salient Cap Advsr Lc last reported 0.37% of its portfolio in the stock. Blair William Il reported 10,882 shares or 0% of all its holdings. Tph Asset Mngmt Ltd Llc has 239,011 shares for 0.65% of their US portfolio. Spirit Of America Mgmt Ny holds 374,949 shares or 1.54% of its portfolio.

More notable recent Dominion Midstream Partners LP (NYSE:DM) news were published by: Marketwatch.com which released: “Dominion Midstream Partners LP” on December 21, 2009, also Prnewswire.com with their article: “Dominion Midstream Partners Announces Second-Quarter 2016 Earnings” published on August 03, 2016, Prnewswire.com published: “Dominion Midstream Partners To Acquire Interests In Iroquois Gas Transmission …” on August 17, 2015. More interesting news about Dominion Midstream Partners LP (NYSE:DM) were released by: Seekingalpha.com and their article: “Dominion Midstream Partners Is Interesting As A Utility But Unattractive As A MLP” published on August 16, 2016 as well as Prnewswire.com‘s news article titled: “Dominion Midstream Partners Completes Acquisition Of 25.93 Percent Stake In …” with publication date: September 29, 2015.

DM Company Profile

Dominion Midstream Partners, LP, incorporated on March 11, 2014, owns the preferred equity interests and the general partner interest of Dominion Cove Point LNG, LP (Cove Point). Cove Point owns liquefied natural gas (LNG) import, storage, regasification and transportation assets. The Company’s segment is Dominion Energy, which consists of gas transportation, LNG import and storage. Cove Point’s activities consist of LNG import and storage services at the Cove Point LNG Facility, and the transportation of domestic natural gas and regasified LNG to Mid-Atlantic markets via the Cove Point Pipeline. The Cove Point LNG Facility includes an offshore pier, LNG storage tanks, regasification facilities and associated equipment required to receive imported LNG from tankers, store LNG in storage tanks, regasify LNG and deliver regasified LNG to the Cove Point Pipeline. The Cove Point LNG Facility has an operational peak regasification capacity of approximately 1.8 million dekatherms per day and an aggregate LNG storage capacity of over 695,000 cubic meters of LNG, or approximately 14.6 billion cubic feet equivalent, all of which is contracted. In addition, the Cove Point LNG Facility has an existing liquefier (unrelated to the Liquefaction Project) capable of liquefying approximately 15,000 dekatherms per day of natural gas. This liquefaction capacity is used to liquefy natural gas received from domestic clients that store LNG in its tanks for use during peak periods of natural gas demand. Cove Point offers both Open Access Services and Non-Open Access Services. Cove Point’s two-berth pier is located approximately 1.1 miles offshore in the Chesapeake Bay. Cove Point provides services under long-term agreements with the Import Shippers for an aggregate of 1.0 million dekatherms per day of firm and off-peak regasification capacity, and long-term agreements for an aggregate 204,000 dekatherms per day of firm capacity with the Storage Customers.

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