SG Americas Securities LLC Acquires 60,096 Shares of Hess Midstream Partners LP $HESM

SG Americas Securities LLC grew its holdings in Hess Midstream Partners LP (NYSE:HESM) by 1,100.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 65,555 shares of the company’s stock after acquiring an additional 60,096 shares during the period. SG Americas Securities LLC’s holdings in Hess Midstream Partners were worth $2,525,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Eagle Global Advisors LLC lifted its holdings in shares of Hess Midstream Partners by 53.7% in the 2nd quarter. Eagle Global Advisors LLC now owns 2,453,834 shares of the company’s stock valued at $94,497,000 after acquiring an additional 857,669 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in Hess Midstream Partners during the second quarter valued at approximately $30,735,000. Allianz Asset Management GmbH bought a new stake in shares of Hess Midstream Partners in the 1st quarter valued at approximately $29,640,000. Goldman Sachs Group Inc. boosted its holdings in shares of Hess Midstream Partners by 10.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,233,773 shares of the company’s stock worth $305,916,000 after purchasing an additional 655,062 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Hess Midstream Partners by 51.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,519,185 shares of the company’s stock worth $58,504,000 after purchasing an additional 516,136 shares during the period. 98.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on HESM shares. Wall Street Zen downgraded Hess Midstream Partners from a “buy” rating to a “hold” rating in a research report on Saturday. Wells Fargo & Company lowered shares of Hess Midstream Partners from an “equal weight” rating to a “reduce” rating in a report on Friday, September 19th. UBS Group reaffirmed a “neutral” rating and issued a $43.00 price objective (down previously from $45.00) on shares of Hess Midstream Partners in a research report on Wednesday, September 10th. Citigroup cut their price target on shares of Hess Midstream Partners from $41.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, September 23rd. Finally, Raymond James Financial reissued an “outperform” rating and issued a $35.00 price objective (down from $48.00) on shares of Hess Midstream Partners in a research report on Friday, October 24th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Hess Midstream Partners has a consensus rating of “Hold” and an average price target of $40.57.

Hess Midstream Partners Stock Down 0.6%

Shares of Hess Midstream Partners stock opened at $32.36 on Wednesday. The company has a debt-to-equity ratio of 8.83, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market cap of $6.72 billion, a price-to-earnings ratio of 11.48 and a beta of 0.62. The firm’s 50-day moving average is $34.51 and its two-hundred day moving average is $37.72. Hess Midstream Partners LP has a 1 year low of $31.63 and a 1 year high of $44.14.

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

Hess Midstream Partners Increases Dividend

The business also recently announced 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. This is an increase from Hess Midstream Partners’s previous quarterly dividend of $0.74. This represents a $3.02 dividend on an annualized basis and a yield of 9.3%. The ex-dividend date was Thursday, November 6th. Hess Midstream Partners’s dividend payout ratio (DPR) is currently 107.09%.

Hess Midstream Partners Company Profile

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.