Catalyst Capital Advisors LLC Boosts Stake in Hess Midstream Partners LP (NYSE:HESM)

Catalyst Capital Advisors LLC lifted its position in shares of Hess Midstream Partners LP (NYSE:HESM - Free Report) by 6.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 207,931 shares of the company's stock after buying an additional 12,700 shares during the quarter. Catalyst Capital Advisors LLC owned about 0.10% of Hess Midstream Partners worth $8,793,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in Hess Midstream Partners by 840.2% in the first quarter. Farther Finance Advisors LLC now owns 1,053 shares of the company's stock valued at $45,000 after buying an additional 941 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of Hess Midstream Partners by 77.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,329 shares of the company's stock valued at $49,000 after acquiring an additional 579 shares in the last quarter. FSC Wealth Advisors LLC bought a new stake in shares of Hess Midstream Partners in the 1st quarter valued at $58,000. US Bancorp DE lifted its position in shares of Hess Midstream Partners by 34.0% during the 4th quarter. US Bancorp DE now owns 2,010 shares of the company's stock valued at $74,000 after acquiring an additional 510 shares during the period. Finally, PFG Investments LLC bought a new position in Hess Midstream Partners during the first quarter worth $202,000. 98.97% of the stock is currently owned by institutional investors and hedge funds.

Hess Midstream Partners Stock Down 0.4%

Shares of HESM traded down $0.16 during trading hours on Friday, reaching $38.21. The stock had a trading volume of 684,750 shares, compared to its average volume of 1,042,827. The firm has a 50-day simple moving average of $38.23 and a 200 day simple moving average of $39.08. Hess Midstream Partners LP has a 12 month low of $33.59 and a 12 month high of $44.05. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 6.92. The company has a market capitalization of $8.23 billion, a price-to-earnings ratio of 14.98 and a beta of 0.63.

Hess Midstream Partners (NYSE:HESM - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02. The firm had revenue of $382.00 million for the quarter, compared to the consensus estimate of $384.28 million. Hess Midstream Partners had a net margin of 16.43% and a return on equity of 54.89%. The business's revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 earnings per share. Equities research analysts predict that Hess Midstream Partners LP will post 2.5 earnings per share for the current fiscal year.

Hess Midstream Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Thursday, May 8th were given a $0.7098 dividend. This is a boost from Hess Midstream Partners's previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $2.84 annualized dividend and a yield of 7.43%. Hess Midstream Partners's dividend payout ratio (DPR) is presently 111.37%.

Analyst Upgrades and Downgrades

HESM has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Hess Midstream Partners from $39.00 to $44.00 and gave the company a "neutral" rating in a research note on Thursday, March 27th. Wells Fargo & Company reduced their target price on Hess Midstream Partners from $42.00 to $41.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st.

Insider Transactions at Hess Midstream Partners

In other news, Director Geurt G. Schoonman sold 3,249 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $39.10, for a total value of $127,035.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Blackrock Portfolio Management sold 15,022,517 shares of Hess Midstream Partners stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $36.86, for a total value of $553,729,976.62. The disclosure for this sale can be found here.

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.