Hess Midstream LP (NYSE:HESM) Stake Boosted by Jump Financial LLC

Jump Financial LLC boosted its position in Hess Midstream LP (NYSE:HESM - Free Report) by 72.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115,384 shares of the company's stock after buying an additional 48,355 shares during the period. Jump Financial LLC owned approximately 0.05% of Hess Midstream worth $3,650,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Alps Advisors Inc. increased its stake in shares of Hess Midstream by 36.0% in the 3rd quarter. Alps Advisors Inc. now owns 11,728,814 shares of the company's stock valued at $341,660,000 after acquiring an additional 3,107,528 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Hess Midstream by 9.4% during the third quarter. Invesco Ltd. now owns 3,576,608 shares of the company's stock valued at $104,187,000 after purchasing an additional 305,972 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Hess Midstream by 38.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,167,876 shares of the company's stock worth $100,200,000 after purchasing an additional 887,859 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of Hess Midstream by 10.6% during the 3rd quarter. Clearbridge Investments LLC now owns 2,623,885 shares of the company's stock worth $76,434,000 after purchasing an additional 251,600 shares in the last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its stake in shares of Hess Midstream by 16.3% in the 4th quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,328,670 shares of the company's stock valued at $42,026,000 after buying an additional 186,090 shares during the period. Institutional investors own 92.41% of the company's stock.

Analyst Upgrades and Downgrades

HESM has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their target price on Hess Midstream from $36.00 to $37.00 and gave the stock an "equal weight" rating in a research note on Monday, April 29th. JPMorgan Chase & Co. boosted their price objective on Hess Midstream from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Tuesday, April 16th. Finally, UBS Group increased their target price on shares of Hess Midstream from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Hess Midstream presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.50.

Hess Midstream Trading Up 0.1 %

Shares of HESM stock traded up $0.03 during trading hours on Friday, reaching $35.10. The company's stock had a trading volume of 709,632 shares, compared to its average volume of 928,232. The company has a current ratio of 0.89, a quick ratio of 0.65 and a debt-to-equity ratio of 8.67. The stock has a market capitalization of $7.94 billion, a P/E ratio of 15.88 and a beta of 1.51. The firm's fifty day simple moving average is $35.27 and its 200 day simple moving average is $33.15. Hess Midstream LP has a one year low of $26.86 and a one year high of $36.84.

Hess Midstream Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Thursday, May 2nd will be paid a dividend of $0.6516 per share. This is a positive change from Hess Midstream's previous quarterly dividend of $0.63. This represents a $2.61 dividend on an annualized basis and a yield of 7.43%. The ex-dividend date of this dividend is Wednesday, May 1st. Hess Midstream's dividend payout ratio (DPR) is currently 118.10%.

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.