Hess Midstream Stock Price, News & Analysis (NYSE:HESM)

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hess Midstream in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" HESM shares.
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6 brokers have issued 1 year price targets for Hess Midstream's stock. Their HESM share price targets range from $32.00 to $38.00. On average, they predict the company's share price to reach $34.67 in the next year. This suggests a possible upside of 6.1% from the stock's current price.
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Hess Midstream's stock was trading at $29.92 at the beginning of the year. Since then, HESM stock has increased by 9.2% and is now trading at $32.67.
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Hess Midstream saw a drop in short interest in October. As of October 31st, there was short interest totaling 2,820,000 shares, a drop of 9.6% from the October 15th total of 3,120,000 shares. Based on an average daily trading volume, of 933,900 shares, the short-interest ratio is presently 3.0 days.
View Hess Midstream's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024.
View our HESM earnings forecast.

Hess Midstream LP (NYSE:HESM) issued its earnings results on Wednesday, October, 25th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.02. The firm had revenue of $363.10 million for the quarter, compared to the consensus estimate of $342.22 million. Hess Midstream had a trailing twelve-month return on equity of 22.28% and a net margin of 7.87%.

Hess Midstream announced a quarterly dividend on Monday, October 23rd. Stockholders of record on Thursday, November 2nd will be given a dividend of $0.618 per share on Tuesday, November 14th. This represents a $2.47 dividend on an annualized basis and a dividend yield of 7.57%. The ex-dividend date is Wednesday, November 1st. This is a boost from the stock's previous quarterly dividend of $0.60.
Read our dividend analysis for HESM.

Hess Midstream (NYSE:HESM) pays an annual dividend of $2.47 per share and currently has a dividend yield of 7.59%. HESM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 121.68%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, HESM will have a dividend payout ratio of 90.15% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for HESM.

ETFs with the largest weight of Hess Midstream (NYSE:HESM) stock in their portfolio include First Trust Natural Gas ETF (FCG), BNY Mellon Global Infrastructure Income ETF (BKGI), Alerian MLP ETF (AMLP), Global X MLP ETF (MLPA), InfraCap MLP ETF (AMZA), Amplify Natural Resources Dividend Income ETF (NDIV), Pacer American Energy Independence ETF (USAI) and USCF Midstream Energy Income Fund (UMI).

Based on aggregate information from My MarketBeat watchlists, some companies that other Hess Midstream investors own include Enterprise Products Partners (EPD), AT&T (T), Pfizer (PFE), ONEOK (OKE), Energy Transfer (ET), Kinder Morgan (KMI), Omega Healthcare Investors (OHI), Apollo Global Management (APO), Bank of America (BAC) and General Electric (GE).

(HESM) raised $250 million in an IPO on Wednesday, April 5th 2017. The company issued 12,500,000 shares at $19.00-$21.00 per share. Goldman Sachs, Morgan Stanley, Citigroup, J.P. Morgan, MUFG and Wells Fargo Securities served as the underwriters for the IPO and ING, Scotia, Howard Weil, SMBC Nikko, Barclays, HSBC and TD Securities were co-managers.

Hess Midstream's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Alps Advisors Inc. (17.16%), Invesco Ltd. (5.23%), CI Investments Inc. (3.94%), Clearbridge Investments LLC (3.84%), Mirae Asset Global Investments Co. Ltd. (3.41%) and Morgan Stanley (1.81%). Insiders that own company stock include Corp Hess, Geurt G Schoonman, Infrastructure Investor Global, John A Gatling, John B Hess and Jonathan C Stein.
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Shares of HESM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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