UBS Group AG Raises Stock Holdings in Hess Midstream Partners LP $HESM

Key Points

• UBS Group AG raised its stake in Hess Midstream Partners by 3.5% in Q4 to 2,038,226 shares (about 0.98% ownership) worth roughly $70.32 million, and institutional investors now own about 98.97% of the company.
• Hess Midstream increased its quarterly dividend to $0.7792 (annualized $3.12), yielding about 7.9%, though this comes with a high dividend payout ratio of 106.99%.
• The company beat Q results with $0.68 EPS vs. $0.65 expected and $390.1M revenue, while the stock trades with a market cap of $8.21B and a consensus analyst rating of "Hold" with a $40.14 target.

UBS Group AG boosted its holdings in Hess Midstream Partners LP (NYSE:HESM - Free Report) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,038,226 shares of the company's stock after purchasing an additional 68,984 shares during the period. UBS Group AG owned about 0.98% of Hess Midstream Partners worth $70,319,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Alps Advisors Inc. boosted its holdings in Hess Midstream Partners by 1.2% in the third quarter. Alps Advisors Inc. now owns 29,295,245 shares of the company's stock valued at $1,012,151,000 after purchasing an additional 338,729 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Hess Midstream Partners in the third quarter valued at about $187,691,000. JPMorgan Chase & Co. boosted its holdings in Hess Midstream Partners by 179.3% in the third quarter. JPMorgan Chase & Co. now owns 2,269,146 shares of the company's stock valued at $78,399,000 after purchasing an additional 1,456,627 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in Hess Midstream Partners in the third quarter valued at about $58,480,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in Hess Midstream Partners by 62.8% in the third quarter. CIBC Private Wealth Group LLC now owns 1,688,612 shares of the company's stock valued at $58,342,000 after purchasing an additional 651,329 shares during the last quarter. Hedge funds and other institutional investors own 98.97% of the company's stock.

Hess Midstream Partners Stock Up 3.7%

HESM opened at $39.52 on Tuesday. Hess Midstream Partners LP has a 12 month low of $31.63 and a 12 month high of $44.14. The company has a debt-to-equity ratio of 8.54, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $8.21 billion, a P/E ratio of 13.82 and a beta of 0.54. The stock's 50 day moving average price is $38.74 and its 200 day moving average price is $35.88.

Hess Midstream Partners (NYSE:HESM - Get Free Report) last posted its earnings results on Monday, May 4th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.65 by $0.03. Hess Midstream Partners had a return on equity of 74.89% and a net margin of 21.77%.The firm had revenue of $390.10 million for the quarter, compared to analysts' expectations of $389.51 million. During the same period last year, the firm earned $0.65 EPS. The firm's revenue was up 2.1% compared to the same quarter last year. As a group, research analysts predict that Hess Midstream Partners LP will post 2.96 earnings per share for the current year.

Hess Midstream Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 14th. Stockholders of record on Thursday, May 7th will be paid a $0.7792 dividend. The ex-dividend date of this dividend is Thursday, May 7th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 7.9%. This is a boost from Hess Midstream Partners's previous quarterly dividend of $0.76. Hess Midstream Partners's dividend payout ratio (DPR) is presently 106.99%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HESM. Raymond James Financial downgraded Hess Midstream Partners from an "outperform" rating to a "market perform" rating in a report on Monday, January 5th. Weiss Ratings raised Hess Midstream Partners from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, March 2nd. Zacks Research raised Hess Midstream Partners from a "strong sell" rating to a "hold" rating in a report on Monday, March 2nd. The Goldman Sachs Group downgraded Hess Midstream Partners from a "neutral" rating to a "sell" rating and set a $32.00 target price on the stock. in a report on Monday, April 20th. Finally, Wells Fargo & Company increased their target price on Hess Midstream Partners from $39.00 to $40.00 and gave the stock an "equal weight" rating in a report on Friday, March 13th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $40.14.

Hess Midstream Partners Company Profile

Hess Midstream Partners LP, formerly traded on the New York Stock Exchange under the ticker HESM, is a midstream energy partnership that owns, operates and develops crude oil, natural gas and produced water infrastructure in the Williston Basin. The company’s assets include crude oil gathering and transportation systems, saltwater disposal wells, natural gas processing and fractionation plants, and associated pipeline and storage facilities. Its integrated network is designed to support upstream production by providing gathering, processing, storage and marketing services for hydrocarbons and produced water.

Headquartered in Houston, Texas, Hess Midstream Partners primarily serves producers operating in North Dakota and Montana’s Bakken Shale region.

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