2 weeks Ago By ABMN Staff
Thrivent Financial for Lutherans purchased a new stake in Hess Midstream LP ( NYSE:HESM – Free Report ) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 80,785 shares of the company’s stock, valued at approximately $2,944,000. Several other large investors have also recently added to or reduced their stakes in the stock.
GSA Capital Partners LLP boosted its position in shares of Hess Midstream by 521.7% in the fourth quarter. GSA Capital Partners LLP now owns 99,834 shares of the company’s stock worth $3,158,000 after buying an additional 83,777 shares during the period.
Swiss National Bank raised its stake in shares of Hess Midstream by 14.8% during the first quarter. Swiss National Bank now owns 154,600 shares of the company’s stock valued at $5,586,000 after purchasing an additional 19,900 shares during the period.
Wells Fargo & Company MN raised its stake in shares of Hess Midstream by 30.7% during the fourth quarter. Wells Fargo & Company MN now owns 434,434 shares of the company’s stock valued at $13,741,000 after purchasing an additional 102,010 shares during the period.
Susquehanna Fundamental Investments LLC acquired a new position in shares of Hess Midstream during the first quarter worth $4,709,000. Finally, SG Americas Securities LLC purchased a new position in shares of Hess Midstream in the second quarter valued at $6,410,000. 92.
41% of the stock is currently owned by institutional investors and hedge funds. Hess Midstream Price Performance HESM opened at $35.19 on Monday.
The company has a market capitalization of $7.87 billion, a P/E ratio of 15.92 and a beta of 1.
52. Hess Midstream LP has a 1-year low of $27.57 and a 1-year high of $39.
11. The company has a 50-day moving average of $36.43 and a 200-day moving average of $35.
97. The company has a debt-to-equity ratio of 8.55, a quick ratio of 1.
11 and a current ratio of 1.11. Hess Midstream Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 14th.
Stockholders of record on Thursday, August 8th were given a $0.6677 dividend. This is an increase from Hess Midstream’s previous quarterly dividend of $0.
65. This represents a $2.67 dividend on an annualized basis and a dividend yield of 7.
59%. The ex-dividend date was Thursday, August 8th. Hess Midstream’s dividend payout ratio (DPR) is presently 120.
81%. Analyst Upgrades and Downgrades A number of equities analysts have commented on the stock. JPMorgan Chase & Co.
boosted their price objective on shares of Hess Midstream from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday, August 21st.
UBS Group boosted their price target on Hess Midstream from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd.
Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.20.
View Our Latest Research Report on HESM Insider Activity In other Hess Midstream news, Director Infrastructure Investor Global sold 12,650,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $35.12, for a total value of $444,268,000.
00. The sale was disclosed in a legal filing with the SEC, which is available at this link . Hess Midstream Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding HESM? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Hess Midstream LP ( NYSE:HESM – Free Report ). Receive News & Ratings for Hess Midstream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hess Midstream and related companies with MarketBeat.com's FREE daily email newsletter .
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