NBW Capital LLC Has $3.22 Million Position in Hess Midstream LP (NYSE:HESM)

NBW Capital LLC decreased its position in Hess Midstream LP (NYSE:HESM - Free Report) by 23.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,686 shares of the company's stock after selling 31,592 shares during the quarter. NBW Capital LLC's holdings in Hess Midstream were worth $3,216,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Miller Howard Investments Inc. NY grew its position in Hess Midstream by 17.7% in the fourth quarter. Miller Howard Investments Inc. NY now owns 585,462 shares of the company's stock valued at $18,518,000 after acquiring an additional 88,055 shares in the last quarter. Walleye Capital LLC purchased a new position in shares of Hess Midstream during the 3rd quarter valued at approximately $1,910,000. Epoch Investment Partners Inc. boosted its stake in shares of Hess Midstream by 172.4% during the 3rd quarter. Epoch Investment Partners Inc. now owns 980,910 shares of the company's stock valued at $28,574,000 after buying an additional 620,779 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Hess Midstream by 2.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 185,356 shares of the company's stock valued at $5,863,000 after buying an additional 4,372 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of Hess Midstream by 22.6% during the 3rd quarter. Swiss National Bank now owns 147,000 shares of the company's stock valued at $4,282,000 after buying an additional 27,100 shares during the last quarter. Institutional investors and hedge funds own 92.41% of the company's stock.

Hess Midstream Stock Performance

HESM traded up $0.10 during trading hours on Thursday, hitting $34.84. 693,672 shares of the stock were exchanged, compared to its average volume of 897,359. The stock has a 50-day simple moving average of $34.90 and a 200-day simple moving average of $32.53. Hess Midstream LP has a 12 month low of $26.86 and a 12 month high of $36.84. The stock has a market cap of $7.88 billion, a price-to-earnings ratio of 16.67 and a beta of 1.50. The company has a debt-to-equity ratio of 8.81, a current ratio of 0.65 and a quick ratio of 0.65.

Hess Midstream (NYSE:HESM - Get Free Report) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.05). Hess Midstream had a return on equity of 28.21% and a net margin of 8.79%. The firm had revenue of $356.50 million for the quarter, compared to the consensus estimate of $358.86 million. During the same quarter last year, the business earned $0.49 earnings per share. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. Analysts anticipate that Hess Midstream LP will post 2.55 earnings per share for the current year.

Hess Midstream Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Thursday, February 8th were paid a dividend of $0.6343 per share. The ex-dividend date was Wednesday, February 7th. This is a boost from Hess Midstream's previous quarterly dividend of $0.62. This represents a $2.54 annualized dividend and a yield of 7.28%. Hess Midstream's dividend payout ratio (DPR) is 121.53%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on Hess Midstream from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Tuesday. UBS Group increased their target price on Hess Midstream from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Friday, March 1st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Hess Midstream currently has an average rating of "Moderate Buy" and an average target price of $35.67.

Insider Buying and Selling

In other Hess Midstream news, Director Infrastructure Investor Global sold 11,500,000 shares of the firm's stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $32.83, for a total value of $377,545,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Hess Midstream 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.