Taylor Wealth Management Partners Lowers stake in Dominion Midstream Partners LP (DM)

Dominion Midstream Partners LP (DM) : Taylor Wealth Management Partners reduced its stake in Dominion Midstream Partners LP by 11.98% during the most recent quarter end. The investment management company now holds a total of 289,386 shares of Dominion Midstream Partners LP which is valued at $8,696,049 after selling 39,373 shares in Dominion Midstream Partners LP , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Dominion Midstream Partners LP makes up approximately 4.13% of Taylor Wealth Management Partners’s portfolio.

Dominion Midstream Partners LP opened for trading at $29.97 and hit $31.65 on the upside on Monday, eventually ending the session at $31.31, with a gain of 4.19% or 1.26 points. The heightened volatility saw the trading volume jump to 53,161 shares. Company has a market cap of $2,433 M.

Other Hedge Funds, Including , Endurance Wealth Management reduced its stake in DM by selling 12,525 shares or 5.49% in the most recent quarter. The Hedge Fund company now holds 215,481 shares of DM which is valued at $6,475,204. Dominion Midstream Partners LP makes up approx 1.25% of Endurance Wealth Management’s portfolio.Mai Capital Management boosted its stake in DM in the latest quarter, The investment management firm added 12,456 additional shares and now holds a total of 152,575 shares of Dominion Midstream Partners LP which is valued at $4,908,338. Dominion Midstream Partners LP makes up approx 0.40% of Mai Capital Management’s portfolio.Proficio Capital Partners boosted its stake in DM in the latest quarter, The investment management firm added 1,268 additional shares and now holds a total of 7,362 shares of Dominion Midstream Partners LP which is valued at $236,836. Dominion Midstream Partners LP makes up approx 0.20% of Proficio Capital Partners’s portfolio. Hollencrest Securities sold out all of its stake in DM during the most recent quarter. The investment firm sold 18,200 shares of DM which is valued $585,494.

On the company’s financial health, Dominion Midstream Partners LP reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Feb 1, 2016. Analyst had a consensus of $0.28. The company had revenue of $82.70 million for the quarter, compared to analysts expectations of $101.94 million. The company’s revenue was up 22.5% compared to the same quarter last year.

Many Wall Street Analysts have commented on Dominion Midstream Partners LP. Dominion Midstream Partners LP was Initiated by Morgan Stanley to “Overweight” on Feb 25, 2016.

Dominion Midstream Partners LP (Dominion Midstream) through its wholly owned subsidiary Cove Point GP Holding Company LLC owns the preferred equity interests and the general partner interest of Dominion Cove Point LNG LP (Cove Point) which owns liquefied natural gas (LNG) import storage regasification and transportation assets. Cove Point’s operations consist of LNG import and storage services at the Cove Point LNG Facility and the transportation of domestic natural gas and regasified LNG to Mid-Atlantic markets via the Cove Point Pipeline. The Cove Point LNG Facility includes an offshore pier LNG storage tanks regasification facilities and associated equipment. The Cove Point Pipeline is a 36-inch diameter bi-directional underground interstate natural gas pipeline. Cove Point is engaged in the process of constructing the Liquefaction Project.

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