Hess Midstream LP (NYSE:HESM) Stock Holdings Increased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Hess Midstream LP (NYSE:HESM) by 67.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,739 shares of the company’s stock after acquiring an additional 4,739 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Hess Midstream were worth $371,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. increased its position in shares of Hess Midstream by 6.5% during the 4th quarter. Advisor Group Holdings Inc. now owns 5,825 shares of the company’s stock valued at $174,000 after purchasing an additional 358 shares during the period. Legal & General Group Plc increased its position in shares of Hess Midstream by 3.2% during the 4th quarter. Legal & General Group Plc now owns 11,672 shares of the company’s stock valued at $349,000 after purchasing an additional 360 shares during the period. California State Teachers Retirement System increased its position in shares of Hess Midstream by 1.4% during the 1st quarter. California State Teachers Retirement System now owns 28,844 shares of the company’s stock valued at $865,000 after purchasing an additional 411 shares during the period. Guggenheim Capital LLC increased its position in shares of Hess Midstream by 5.6% during the 1st quarter. Guggenheim Capital LLC now owns 9,602 shares of the company’s stock valued at $288,000 after purchasing an additional 510 shares during the period. Finally, NBW Capital LLC grew its holdings in shares of Hess Midstream by 0.3% in the 4th quarter. NBW Capital LLC now owns 185,916 shares of the company’s stock worth $5,563,000 after acquiring an additional 556 shares during the last quarter. Institutional investors own 92.41% of the company’s stock.

Insider Activity at Hess Midstream

In related news, Director Infrastructure Investor Global sold 11,500,000 shares of Hess Midstream stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $32.83, for a total transaction of $377,545,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Analyst Upgrades and Downgrades

HESM has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut Hess Midstream from an “overweight” rating to a “neutral” rating and set a $37.00 target price on the stock. in a report on Friday, March 8th. UBS Group lifted their target price on Hess Midstream from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $35.50.

Hess Midstream Stock Performance

Shares of HESM stock opened at $35.84 on Thursday. Hess Midstream LP has a 1-year low of $26.86 and a 1-year high of $36.01. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 8.81. The company has a market capitalization of $8.11 billion, a price-to-earnings ratio of 17.15 and a beta of 1.50. The stock’s fifty day simple moving average is $34.18 and its 200-day simple moving average is $31.90.

Hess Midstream (NYSE:HESM) last released its quarterly earnings data on Wednesday, January 31st. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.05). The firm had revenue of $356.50 million for the quarter, compared to analyst estimates of $358.86 million. Hess Midstream had a net margin of 8.79% and a return on equity of 28.21%. Hess Midstream’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 EPS. On average, sell-side analysts predict that Hess Midstream LP will post 2.55 earnings per share for the current fiscal 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 given a dividend of $0.6343 per share. This is a boost from Hess Midstream’s previous quarterly dividend of $0.62. The ex-dividend date was Wednesday, February 7th. This represents a $2.54 dividend on an annualized basis and a yield of 7.08%. Hess Midstream’s dividend payout ratio (DPR) is presently 121.53%.

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.