25,188 Shares in Hess Midstream LP (NYSE:HESM) Acquired by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP acquired a new stake in Hess Midstream LP (NYSE:HESM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 25,188 shares of the company's stock, valued at approximately $933,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC boosted its position in Hess Midstream by 77.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,329 shares of the company's stock valued at $49,000 after purchasing an additional 579 shares during the last quarter. US Bancorp DE increased its stake in shares of Hess Midstream by 34.0% during the fourth quarter. US Bancorp DE now owns 2,010 shares of the company's stock worth $74,000 after purchasing an additional 510 shares during the period. IFP Advisors Inc increased its stake in Hess Midstream by 33.3% during the 4th quarter. IFP Advisors Inc now owns 2,934 shares of the company's stock worth $109,000 after acquiring an additional 733 shares during the period. Virtus ETF Advisers LLC increased its stake in Hess Midstream by 9.5% during the 4th quarter. Virtus ETF Advisers LLC now owns 4,972 shares of the company's stock worth $184,000 after acquiring an additional 432 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Hess Midstream by 80.0% in the 4th quarter. KBC Group NV now owns 5,046 shares of the company's stock valued at $187,000 after purchasing an additional 2,243 shares in the last quarter. Institutional investors own 98.97% of the company's stock.

Insider Transactions at Hess Midstream

In other news, major shareholder Blackrock Portfolio Management sold 11,000,000 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $39.11, for a total transaction of $430,210,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HESM shares. Raymond James raised their price objective on Hess Midstream from $42.00 to $45.00 and gave the company an "outperform" rating in a report on Tuesday, January 28th. Citigroup raised their price objective on Hess Midstream from $41.00 to $44.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Wells Fargo & Company cut their price objective on Hess Midstream from $42.00 to $41.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. raised their price objective on Hess Midstream from $39.00 to $44.00 and gave the company a "neutral" rating in a report on Thursday, March 27th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Hess Midstream currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.80.

Hess Midstream Stock Up 3.1%

Hess Midstream stock traded up $1.13 during midday trading on Monday, reaching $38.13. The stock had a trading volume of 529,943 shares, compared to its average volume of 989,028. Hess Midstream LP has a 12 month low of $33.59 and a 12 month high of $44.05. The company has a market capitalization of $8.31 billion, a P/E ratio of 15.35 and a beta of 0.67. The company has a fifty day moving average price of $39.22 and a two-hundred day moving average price of $38.46. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 7.85.

Hess Midstream (NYSE:HESM - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.02. Hess Midstream had a return on equity of 54.59% and a net margin of 14.92%. The firm had revenue of $382.00 million for the quarter, compared to the consensus estimate of $384.28 million. During the same quarter in the previous year, the business earned $0.60 EPS. The company's revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts expect that Hess Midstream LP will post 2.5 EPS for the current fiscal year.

Hess Midstream Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Thursday, May 8th will be issued a dividend of $0.7098 per share. This is a boost from Hess Midstream's previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $2.84 dividend on an annualized basis and a yield of 7.45%. Hess Midstream's payout ratio is presently 110.98%.

Hess Midstream 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.