Dominion Midstream Partners LP (DM) : Chicago Partners Investment Group scooped up 205 additional shares in Dominion Midstream Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 51,091 shares of Dominion Midstream Partners LP which is valued at $1,315,082.Dominion Midstream Partners LP makes up approximately 0.61% of Chicago Partners Investment Group’s portfolio.
Other Hedge Funds, Including , Chickasaw Capital Management reduced its stake in DM by selling 210,300 shares or 23.08% in the most recent quarter. The Hedge Fund company now holds 701,025 shares of DM which is valued at $17,799,025. Dominion Midstream Partners LP makes up approx 0.45% of Chickasaw Capital Management’s portfolio. American Century Companies Inc added DM to its portfolio by purchasing 59,212 company shares during the most recent quarter which is valued at $1,555,499. A. D. Beadell Investment Counsel added DM to its portfolio by purchasing 28,350 company shares during the most recent quarter which is valued at $765,450. Dominion Midstream Partners LP makes up approx 0.61% of A. D. Beadell Investment Counsel’s portfolio.
Dominion Midstream Partners LP opened for trading at $25.58 and hit $26.19 on the upside on Monday, eventually ending the session at $26.01, with a gain of 1.84% or 0.47 points. The heightened volatility saw the trading volume jump to 77,059 shares. Company has a market cap of $2,021 M.
On the company’s financial health, Dominion Midstream Partners LP reported $0.28 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.29. The company had revenue of $85.60 million for the quarter, compared to analysts expectations of $88.32 million. The company’s revenue was down -18.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.26 EPS.
Many Wall Street Analysts have commented on Dominion Midstream Partners LP. Dominion Midstream Partners LP was Initiated by Stifel to “Hold” on Jul 13, 2016.
Dominion Midstream Partners LP (Dominion Midstream) through its wholly owned subsidiary Cove Point GP Holding Company LLC owns the preferred equity interests and the general partner interest of Dominion Cove Point LNG LP (Cove Point) which owns liquefied natural gas (LNG) import storage regasification and transportation assets. Cove Points 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. The Cove Point LNG Facility includes an offshore pier LNG storage tanks regasification facilities and associated equipment. The Cove Point Pipeline is a 36-inch diameter bi-directional underground interstate natural gas pipeline. Cove Point is engaged in the process of constructing the Liquefaction Project.