Stokes Capital Advisors LLC Buys 6,788 Shares of Hess Midstream Partners LP $HESM

Key Points

• Stokes Capital Advisors LLC increased its ownership in Hess Midstream Partners by 4.5%, acquiring 6,788 additional shares, bringing its total holdings to approximately $6 million.
• The company recently declared a quarterly dividend of $0.737 per share, up from the previous $0.71, contributing to a 7.5% yield.
• Analysts have mixed ratings for Hess Midstream Partners, with UBS maintaining a "neutral" rating and price targets ranging from $41.00 to $48.00, indicating varying outlooks for the stock's performance.

Stokes Capital Advisors LLC increased its holdings in shares of Hess Midstream Partners LP (NYSE:HESM - Free Report) by 4.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 156,762 shares of the company's stock after purchasing an additional 6,788 shares during the quarter. Stokes Capital Advisors LLC owned approximately 0.07% of Hess Midstream Partners worth $6,037,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. increased its position in shares of Hess Midstream Partners by 6.4% during the 2nd quarter. NBC Securities Inc. now owns 29,674 shares of the company's stock valued at $1,142,000 after purchasing an additional 1,795 shares during the period. Fractal Investments LLC lifted its holdings in Hess Midstream Partners by 23.8% during the 2nd quarter. Fractal Investments LLC now owns 291,247 shares of the company's stock worth $11,216,000 after buying an additional 56,000 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Hess Midstream Partners in the 2nd quarter valued at $25,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Hess Midstream Partners by 20.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 224,741 shares of the company's stock worth $9,504,000 after buying an additional 37,794 shares during the last quarter. Finally, Zimmer Partners LP lifted its position in Hess Midstream Partners by 16.4% during the first quarter. Zimmer Partners LP now owns 736,240 shares of the company's stock worth $31,136,000 after acquiring an additional 103,924 shares during the last quarter. 98.97% of the stock is currently owned by hedge funds and other institutional investors.

Hess Midstream Partners Trading Down 10.3%

Hess Midstream Partners stock traded down $4.07 during midday trading on Friday, hitting $35.41. 6,833,386 shares of the stock were exchanged, compared to its average volume of 1,146,801. The stock's 50-day simple moving average is $40.60 and its 200 day simple moving average is $39.43. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 7.26. Hess Midstream Partners LP has a fifty-two week low of $33.59 and a fifty-two week high of $44.14. The stock has a market capitalization of $7.44 billion, a price-to-earnings ratio of 13.11 and a beta of 0.68.

Hess Midstream Partners (NYSE:HESM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.18. The firm had revenue of $414.20 million for the quarter, compared to analyst estimates of $405.08 million. Hess Midstream Partners had a net margin of 18.52% and a return on equity of 60.37%. Hess Midstream Partners's quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the firm posted $0.59 EPS. On average, equities analysts anticipate that Hess Midstream Partners LP will post 2.5 EPS for the current year.

Hess Midstream Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Thursday, August 7th were given a $0.737 dividend. This represents a $2.95 annualized dividend and a yield of 8.3%. This is an increase from Hess Midstream Partners's previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Thursday, August 7th. Hess Midstream Partners's dividend payout ratio (DPR) is 109.26%.

Insider Transactions at Hess Midstream Partners

In related news, COO John A. Gatling sold 62,457 shares of Hess Midstream Partners stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $41.59, for a total value of $2,597,586.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Hess Midstream Partners from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. UBS Group restated a "neutral" rating and issued a $43.00 price target (down from $45.00) on shares of Hess Midstream Partners in a report on Wednesday, September 10th. Morgan Stanley assumed coverage on shares of Hess Midstream Partners in a report on Friday, July 25th. They issued an "equal weight" rating and a $48.00 price target for the company. Citigroup reaffirmed a "neutral" rating and set a $41.00 price target (down from $42.00) on shares of Hess Midstream Partners in a report on Thursday, September 11th. Finally, Wells Fargo & Company downgraded Hess Midstream Partners from an "equal weight" rating to a "reduce" rating in a report on Friday. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $43.67.

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.