Barclays PLC Increases Position in Hess Midstream LP (NYSE:HESM)

Barclays PLC raised its stake in Hess Midstream LP (NYSE:HESM - Free Report) by 42.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 485,014 shares of the company's stock after purchasing an additional 143,566 shares during the quarter. Barclays PLC owned 0.22% of Hess Midstream worth $17,961,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC lifted its holdings in Hess Midstream by 77.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,329 shares of the company's stock worth $49,000 after buying an additional 579 shares during the period. US Bancorp DE lifted its stake in Hess Midstream by 34.0% in the fourth quarter. US Bancorp DE now owns 2,010 shares of the company's stock worth $74,000 after acquiring an additional 510 shares during the period. IFP Advisors Inc boosted its holdings in Hess Midstream by 33.3% in the fourth quarter. IFP Advisors Inc now owns 2,934 shares of the company's stock valued at $109,000 after acquiring an additional 733 shares in the last quarter. KBC Group NV increased its position in Hess Midstream by 80.0% during the 4th quarter. KBC Group NV now owns 5,046 shares of the company's stock valued at $187,000 after purchasing an additional 2,243 shares during the period. Finally, South Street Advisors LLC raised its holdings in Hess Midstream by 7.8% in the 4th quarter. South Street Advisors LLC now owns 6,250 shares of the company's stock worth $231,000 after purchasing an additional 450 shares in the last quarter. Hedge funds and other institutional investors own 98.97% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Hess Midstream from $39.00 to $44.00 and gave the company a "neutral" rating in a research report on Thursday, March 27th. Citigroup upped their target price on Hess Midstream from $41.00 to $44.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Wells Fargo & Company raised their target price on Hess Midstream from $40.00 to $42.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 4th. Finally, Raymond James upped their price target on Hess Midstream from $42.00 to $45.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Two 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 price target of $43.00.

Insiders Place Their Bets

In related news, major shareholder Blackrock Portfolio Management sold 11,000,000 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $39.11, for a total transaction of $430,210,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Hess Midstream Stock Down 0.4 %

Shares of HESM traded down $0.16 during mid-day trading on Friday, reaching $38.81. The company had a trading volume of 229,569 shares, compared to its average volume of 994,701. Hess Midstream LP has a 52 week low of $32.75 and a 52 week high of $44.05. 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 company has a market capitalization of $8.46 billion, a price-to-earnings ratio of 15.57 and a beta of 1.14. The firm has a 50-day moving average price of $39.96 and a 200 day moving average price of $38.29.

Hess Midstream (NYSE:HESM - Get Free Report) last released its earnings results on Wednesday, January 29th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.65 by $0.03. Hess Midstream had a return on equity of 54.59% and a net margin of 14.92%. On average, sell-side analysts forecast that Hess Midstream LP will post 2.5 EPS for the current year.

Hess Midstream Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Thursday, February 6th were paid a dividend of $0.7012 per share. This is a positive change from Hess Midstream's previous quarterly dividend of $0.68. This represents a $2.80 dividend on an annualized basis and a yield of 7.23%. The ex-dividend date was Thursday, February 6th. Hess Midstream's dividend payout ratio (DPR) is currently 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.