Penserra Capital Management LLC Makes New $319,000 Investment in Hess Midstream Partners LP (NYSE:HESM)

Penserra Capital Management LLC purchased a new stake in shares of Hess Midstream Partners LP (NYSE:HESM - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,559 shares of the company's stock, valued at approximately $319,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tortoise Capital Advisors L.L.C. boosted its position in Hess Midstream Partners by 1.1% in the fourth quarter. Tortoise Capital Advisors L.L.C. now owns 7,581,106 shares of the company's stock worth $280,728,000 after purchasing an additional 83,943 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Hess Midstream Partners by 11.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,011,069 shares of the company's stock worth $185,560,000 after acquiring an additional 496,464 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Hess Midstream Partners by 4.9% during the 4th quarter. Invesco Ltd. now owns 4,091,011 shares of the company's stock worth $151,490,000 after acquiring an additional 191,175 shares in the last quarter. Epoch Investment Partners Inc. increased its position in shares of Hess Midstream Partners by 5.3% during the 4th quarter. Epoch Investment Partners Inc. now owns 3,309,547 shares of the company's stock valued at $122,553,000 after purchasing an additional 165,933 shares during the last quarter. Finally, Artemis Investment Management LLP grew its position in Hess Midstream Partners by 131.4% in the 1st quarter. Artemis Investment Management LLP now owns 1,969,448 shares of the company's stock valued at $83,288,000 after acquiring an additional 1,118,245 shares during the last quarter. 98.97% of the stock is currently owned by institutional investors.

Insider Transactions at Hess Midstream Partners

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

Hess Midstream Partners Stock Performance

Hess Midstream Partners stock traded down $0.84 during midday trading on Tuesday, hitting $38.13. 524,048 shares of the company were exchanged, compared to its average volume of 1,052,715. The firm has a market capitalization of $8.22 billion, a PE ratio of 14.95 and a beta of 0.63. Hess Midstream Partners LP has a fifty-two week low of $33.59 and a fifty-two week high of $44.05. The business has a fifty day simple moving average of $38.26 and a two-hundred day simple moving average of $39.19. The company has a debt-to-equity ratio of 6.92, a quick ratio of 0.81 and a current ratio of 0.81.

Hess Midstream Partners (NYSE:HESM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 54.89% and a net margin of 16.43%. The firm's revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 earnings per share. On average, sell-side analysts forecast that Hess Midstream Partners LP will post 2.5 earnings per share for the current year.

Hess Midstream Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Thursday, May 8th were issued a dividend of $0.7098 per share. This represents a $2.84 dividend on an annualized basis and a yield of 7.45%. This is an increase from Hess Midstream Partners's previous quarterly dividend of $0.70. The ex-dividend date was Thursday, May 8th. Hess Midstream Partners's payout ratio is 111.37%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on HESM shares. JPMorgan Chase & Co. upped their price objective on Hess Midstream Partners from $39.00 to $44.00 and gave the company a "neutral" rating in a research report on Thursday, March 27th. Wells Fargo & Company lowered their target price on Hess Midstream Partners from $42.00 to $41.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st.

About Hess Midstream Partners

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.