Hess Midstream LP (NYSE:HESM) Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Hess Midstream LP (NYSE:HESM - Free Report) by 11.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,011,069 shares of the company's stock after acquiring an additional 496,464 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 2.30% of Hess Midstream worth $185,560,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of HESM. Steward Partners Investment Advisory LLC increased its holdings in shares of Hess Midstream by 77.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,329 shares of the company's stock worth $49,000 after buying an additional 579 shares during the last quarter. US Bancorp DE increased its holdings in shares of Hess Midstream by 34.0% during the 4th quarter. US Bancorp DE now owns 2,010 shares of the company's stock worth $74,000 after buying an additional 510 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Hess Midstream by 33.3% during the 4th quarter. IFP Advisors Inc now owns 2,934 shares of the company's stock worth $109,000 after buying an additional 733 shares during the last quarter. Virtus ETF Advisers LLC increased its holdings in shares of Hess Midstream by 9.5% during the 4th quarter. Virtus ETF Advisers LLC now owns 4,972 shares of the company's stock worth $184,000 after buying an additional 432 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Hess Midstream by 80.0% during the 4th quarter. KBC Group NV now owns 5,046 shares of the company's stock worth $187,000 after buying an additional 2,243 shares during the last quarter. Hedge funds and other institutional investors own 98.97% of the company's stock.

Analyst Ratings Changes

HESM has been the subject of a number of research analyst reports. Raymond James upped their price objective on Hess Midstream from $42.00 to $45.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. upped their price target on shares of Hess Midstream from $39.00 to $44.00 and gave the stock a "neutral" rating in a research report on Thursday, March 27th. Wells Fargo & Company decreased their price target on shares of Hess Midstream from $42.00 to $41.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. Finally, Citigroup upped their price objective on shares of Hess Midstream from $41.00 to $44.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Hess Midstream currently has an average rating of "Moderate Buy" and a consensus price target of $42.80.

Hess Midstream Stock Up 0.1%

Shares of Hess Midstream stock traded up $0.02 during trading on Friday, reaching $38.88. The company had a trading volume of 419,197 shares, compared to its average volume of 985,836. The company has a market cap of $8.48 billion, a price-to-earnings ratio of 15.61 and a beta of 0.67. The firm's fifty day moving average is $39.07 and its 200-day moving average is $38.54. The company has a debt-to-equity ratio of 7.85, a quick ratio of 0.70 and a current ratio of 0.70. Hess Midstream LP has a fifty-two week low of $33.59 and a fifty-two week high of $44.05.

Hess Midstream (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 analyst estimates of $384.28 million. Hess Midstream had a net margin of 14.92% and a return on equity of 54.59%. Hess Midstream's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. On average, analysts anticipate that Hess Midstream LP will post 2.5 EPS for the current year.

Hess Midstream Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Thursday, May 8th were paid a dividend of $0.7098 per share. This is a positive change from Hess Midstream's previous quarterly dividend of $0.70. The ex-dividend date was Thursday, May 8th. This represents a $2.84 annualized dividend and a yield of 7.30%. Hess Midstream's dividend payout ratio is 110.98%.

Hess Midstream 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.