Hess Midstream LP (NYSE:HESM) Shares Purchased by Stephens Inc. AR

Stephens Inc. AR raised its stake in shares of Hess Midstream LP (NYSE:HESM) by 11.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 103,169 shares of the company’s stock after buying an additional 10,888 shares during the period. Stephens Inc. AR’s holdings in Hess Midstream were worth $3,820,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in shares of Hess Midstream in the 2nd quarter worth approximately $426,000. Exchange Traded Concepts LLC grew its stake in shares of Hess Midstream by 15.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 122,185 shares of the company’s stock worth $4,309,000 after purchasing an additional 15,951 shares during the last quarter. Creative Planning grew its stake in shares of Hess Midstream by 32.6% in the 3rd quarter. Creative Planning now owns 7,390 shares of the company’s stock worth $261,000 after purchasing an additional 1,815 shares during the last quarter. NBC Securities Inc. grew its stake in shares of Hess Midstream by 24,034.0% in the 3rd quarter. NBC Securities Inc. now owns 24,134 shares of the company’s stock worth $851,000 after purchasing an additional 24,034 shares during the last quarter. Finally, Leisure Capital Management acquired a new position in shares of Hess Midstream in the 3rd quarter worth approximately $872,000. Institutional investors and hedge funds own 98.97% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Hess Midstream from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 4th. Raymond James lifted their price objective on shares of Hess Midstream from $42.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th.

Hess Midstream Stock Performance

Hess Midstream stock opened at $40.98 on Tuesday. The firm’s 50 day simple moving average is $38.53 and its 200-day simple moving average is $36.91. The company has a market cap of $8.93 billion, a P/E ratio of 16.46 and a beta of 1.53. The company has a debt-to-equity ratio of 7.85, a current ratio of 0.70 and a quick ratio of 0.70. Hess Midstream LP has a fifty-two week low of $32.19 and a fifty-two week high of $42.15.

Hess Midstream (NYSE:HESM) last released its earnings results on Wednesday, January 29th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.03. Hess Midstream had a net margin of 14.92% and a return on equity of 54.59%. As a group, equities research analysts predict that Hess Midstream LP will post 2.5 EPS for the current year.

Hess Midstream Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, February 6th will be given a dividend of $0.7012 per share. The ex-dividend date of this dividend is Thursday, February 6th. This is an increase from Hess Midstream’s previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a yield of 6.84%. Hess Midstream’s payout ratio is presently 112.45%.

About Hess Midstream

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.