Hess Midstream Partners LP (NYSE:HESM) Shares Acquired by Stephens Inc. AR

Stephens Inc. AR increased its holdings in Hess Midstream Partners LP (NYSE:HESM - Free Report) by 7.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 111,214 shares of the company's stock after buying an additional 8,045 shares during the period. Stephens Inc. AR owned about 0.05% of Hess Midstream Partners worth $4,703,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of HESM. Alps Advisors Inc. grew its holdings in shares of Hess Midstream Partners by 31.1% during the first quarter. Alps Advisors Inc. now owns 26,356,221 shares of the company's stock valued at $1,114,605,000 after buying an additional 6,251,664 shares during the last quarter. Artemis Investment Management LLP grew its stake in Hess Midstream Partners by 131.4% during the 1st quarter. Artemis Investment Management LLP now owns 1,969,448 shares of the company's stock valued at $83,288,000 after purchasing an additional 1,118,245 shares during the last quarter. Zimmer Partners LP purchased a new stake in Hess Midstream Partners during the 4th quarter valued at about $23,415,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its stake in Hess Midstream Partners by 41.0% during the 1st quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,825,485 shares of the company's stock valued at $77,200,000 after purchasing an additional 530,626 shares during the last quarter. Finally, HITE Hedge Asset Management LLC purchased a new stake in Hess Midstream Partners during the 4th quarter valued at about $19,642,000. Institutional investors own 98.97% of the company's stock.

Analysts Set New Price Targets

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

Hess Midstream Partners Price Performance

Hess Midstream Partners stock traded up $2.43 during midday trading on Friday, reaching $40.84. The company had a trading volume of 2,066,941 shares, compared to its average volume of 1,058,110. The company has a market capitalization of $8.80 billion, a P/E ratio of 16.01 and a beta of 0.63. Hess Midstream Partners LP has a 12-month low of $33.59 and a 12-month high of $44.05. The firm's fifty day simple moving average is $38.36 and its 200-day simple moving average is $39.20. The company has a debt-to-equity ratio of 6.92, a current ratio of 0.81 and a quick ratio of 0.81.

Hess Midstream Partners (NYSE:HESM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.02. The firm had revenue of $382.00 million for the quarter, compared to analyst estimates of $384.28 million. Hess Midstream Partners had a net margin of 16.43% and a return on equity of 54.89%. Hess Midstream Partners's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company posted $0.60 EPS. As a group, equities analysts anticipate that Hess Midstream Partners LP will post 2.5 EPS for the current year.

Hess Midstream Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Thursday, May 8th were issued a $0.7098 dividend. This is an increase 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 dividend on an annualized basis and a yield of 6.95%. Hess Midstream Partners's dividend payout ratio is presently 111.37%.

Insider Transactions at Hess Midstream Partners

In other news, Director Geurt G. Schoonman sold 3,249 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $39.10, for a total transaction of $127,035.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Blackrock Portfolio Management sold 15,022,517 shares of the firm'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 disclosure for this sale can be found here.

Hess Midstream Partners 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.