A. D. Beadell Investment Counsel Inc. Buys 5,650 Shares of Hess Midstream LP (NYSE:HESM)

A. D. Beadell Investment Counsel Inc. raised its position in shares of Hess Midstream LP (NYSE:HESM) by 23.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,460 shares of the company’s stock after acquiring an additional 5,650 shares during the quarter. A. D. Beadell Investment Counsel Inc.’s holdings in Hess Midstream were worth $1,090,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Nordea Investment Management AB increased its stake in shares of Hess Midstream by 98.0% in the 4th quarter. Nordea Investment Management AB now owns 271,051 shares of the company’s stock worth $10,118,000 after acquiring an additional 134,171 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in Hess Midstream by 4.6% in the third quarter. Sanctuary Advisors LLC now owns 12,758 shares of the company’s stock worth $469,000 after purchasing an additional 561 shares during the period. McIlrath & Eck LLC bought a new position in shares of Hess Midstream during the third quarter valued at approximately $455,000. M&T Bank Corp purchased a new position in shares of Hess Midstream during the third quarter valued at approximately $1,058,000. Finally, MML Investors Services LLC boosted its position in shares of Hess Midstream by 31.2% in the 3rd quarter. MML Investors Services LLC now owns 76,264 shares of the company’s stock worth $2,690,000 after purchasing an additional 18,158 shares in the last quarter. 98.97% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Hess Midstream news, CFO Jonathan C. Stein sold 7,923 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $35.32, for a total value of $279,840.36. Following the completion of the transaction, the chief financial officer now owns 59,945 shares of the company’s stock, valued at approximately $2,117,257.40. The trade was a 11.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hess Midstream Stock Down 2.0 %

Shares of Hess Midstream stock traded down $0.76 during midday trading on Friday, hitting $37.67. The company had a trading volume of 144,068 shares, compared to its average volume of 473,329. Hess Midstream LP has a 52-week low of $31.24 and a 52-week high of $39.11. The company has a debt-to-equity ratio of 7.85, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market capitalization of $8.21 billion, a P/E ratio of 15.96 and a beta of 1.52. The company has a 50 day moving average of $36.46 and a 200 day moving average of $36.44.

Hess Midstream (NYSE:HESM) last released its earnings results on Wednesday, October 30th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. The firm had revenue of $378.50 million for the quarter, compared to analysts’ expectations of $376.98 million. Hess Midstream had a return on equity of 47.87% and a net margin of 13.06%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.57 earnings per share. On average, equities analysts predict that Hess Midstream LP will post 2.41 earnings per share for the current fiscal year.

Hess Midstream Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Thursday, November 7th were paid a dividend of $0.6846 per share. This is a positive change from Hess Midstream’s previous quarterly dividend of $0.67. This represents a $2.74 dividend on an annualized basis and a yield of 7.27%. The ex-dividend date of this dividend was Thursday, November 7th. Hess Midstream’s dividend payout ratio (DPR) is currently 115.68%.

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.