Epoch Investment Partners Inc. Decreases Stock Holdings in Hess Midstream Partners LP $HESM

Epoch Investment Partners Inc. reduced its position in Hess Midstream Partners LP (NYSE:HESM) by 16.7% during the first quarter, Holdings Channel reports. The institutional investor owned 2,081,821 shares of the company’s stock after selling 418,777 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Hess Midstream Partners were worth $80,920,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Hess Midstream Partners during the 4th quarter worth approximately $44,000. IFP Advisors Inc boosted its stake in Hess Midstream Partners by 70.0% in the fourth quarter. IFP Advisors Inc now owns 1,413 shares of the company’s stock valued at $49,000 after acquiring an additional 582 shares in the last quarter. CENTRAL TRUST Co boosted its stake in Hess Midstream Partners by 124.4% in the first quarter. CENTRAL TRUST Co now owns 2,165 shares of the company’s stock valued at $84,000 after acquiring an additional 1,200 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Hess Midstream Partners by 14.3% in the second quarter. Geneos Wealth Management Inc. now owns 2,400 shares of the company’s stock worth $92,000 after purchasing an additional 300 shares during the last quarter. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new position in Hess Midstream Partners in the fourth quarter worth $96,000. Hedge funds and other institutional investors own 98.97% of the company’s stock.

Analyst Ratings Changes

HESM has been the topic of a number of recent analyst reports. Morgan Stanley reaffirmed an “underweight” rating and set a $39.00 price target on shares of Hess Midstream Partners in a research report on Tuesday. Weiss Ratings restated a “buy (b)” rating on shares of Hess Midstream Partners in a research note on Wednesday, June 24th. Finally, The Goldman Sachs Group cut Hess Midstream Partners from a “neutral” rating to a “sell” rating and set a $32.00 price target for the company. in a research note on Monday, April 20th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Hess Midstream Partners currently has a consensus rating of “Reduce” and a consensus target price of $38.86.

Hess Midstream Partners Stock Up 0.5%

Shares of HESM stock opened at $40.67 on Friday. The stock’s 50-day simple moving average is $38.77 and its 200-day simple moving average is $37.95. The company has a debt-to-equity ratio of 9.97, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $8.38 billion, a PE ratio of 14.07 and a beta of 0.53. Hess Midstream Partners LP has a fifty-two week low of $31.63 and a fifty-two week high of $44.14.

Hess Midstream Partners (NYSE:HESM) last released its earnings results on Monday, May 4th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.03. The firm had revenue of $390.10 million during the quarter, compared to the consensus estimate of $389.51 million. Hess Midstream Partners had a return on equity of 84.47% and a net margin of 22.64%.The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 earnings per share. Equities analysts expect that Hess Midstream Partners LP will post 2.87 earnings per share for the current year.

Hess Midstream Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, May 7th were paid a dividend of $0.7792 per share. This represents a $3.12 annualized dividend and a yield of 7.7%. The ex-dividend date was Thursday, May 7th. This is a positive change from Hess Midstream Partners’s previous quarterly dividend of $0.76. Hess Midstream Partners’s dividend payout ratio (DPR) is presently 107.96%.

Hess Midstream Partners Profile

Hess Midstream Partners LP, formerly traded on the New York Stock Exchange under the ticker HESM, is a midstream energy partnership that owns, operates and develops crude oil, natural gas and produced water infrastructure in the Williston Basin. The company’s assets include crude oil gathering and transportation systems, saltwater disposal wells, natural gas processing and fractionation plants, and associated pipeline and storage facilities. Its integrated network is designed to support upstream production by providing gathering, processing, storage and marketing services for hydrocarbons and produced water.

Headquartered in Houston, Texas, Hess Midstream Partners primarily serves producers operating in North Dakota and Montana’s Bakken Shale region.