SG Americas Securities LLC Has $7.15 Million Stock Holdings in Hess Midstream LP (NYSE:HESM)

SG Americas Securities LLC boosted its holdings in shares of Hess Midstream LP (NYSE:HESM - Free Report) by 15.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 202,618 shares of the company's stock after buying an additional 26,725 shares during the quarter. SG Americas Securities LLC owned about 0.09% of Hess Midstream worth $7,146,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. GSA Capital Partners LLP grew its stake in Hess Midstream by 521.7% in the 4th quarter. GSA Capital Partners LLP now owns 99,834 shares of the company's stock valued at $3,158,000 after buying an additional 83,777 shares during the last quarter. Swiss National Bank grew its position in shares of Hess Midstream by 14.8% in 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 last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Hess Midstream in the first quarter valued at about $4,709,000. Artemis Investment Management LLP lifted its position in shares of Hess Midstream by 220.0% during the 1st quarter. Artemis Investment Management LLP now owns 585,961 shares of the company's stock worth $21,160,000 after purchasing an additional 402,875 shares during the last quarter. Finally, Illinois Municipal Retirement Fund bought a new stake in Hess Midstream during the 1st quarter valued at approximately $1,214,000. 92.41% of the stock is currently owned by institutional investors.

Hess Midstream Price Performance

NYSE:HESM traded up $0.12 during mid-day trading on Friday, hitting $36.35. The company's stock had a trading volume of 599,016 shares, compared to its average volume of 917,282. The company has a market capitalization of $8.13 billion, a price-to-earnings ratio of 16.45 and a beta of 1.51. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 8.55. Hess Midstream LP has a fifty-two week low of $27.76 and a fifty-two week high of $39.11. The stock has a fifty day moving average of $36.23 and a 200-day moving average of $35.99.

Hess Midstream (NYSE:HESM - Get Free Report) last posted its earnings results on Wednesday, July 31st. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.54 by $0.05. Hess Midstream had a return on equity of 41.91% and a net margin of 11.59%. The business had revenue of $365.50 million during the quarter, compared to the consensus estimate of $365.16 million. During the same quarter last year, the company earned $0.50 EPS. Hess Midstream's revenue was up 12.8% on a year-over-year basis. As a group, equities analysts forecast that Hess Midstream LP will post 2.36 EPS for the current fiscal year.

Hess Midstream Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Thursday, August 8th were issued a $0.6677 dividend. This is a positive change from Hess Midstream's previous quarterly dividend of $0.65. The ex-dividend date was Thursday, August 8th. This represents a $2.67 annualized dividend and a dividend yield of 7.35%. Hess Midstream's dividend payout ratio is presently 120.81%.

Insider Activity at Hess Midstream

In related news, Director Infrastructure Investor Global sold 12,650,000 shares of Hess Midstream stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $35.12, for a total value of $444,268,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Hess Midstream from $38.00 to $39.00 and gave the stock a "neutral" rating in a report on Wednesday, August 21st. UBS Group upped their target price on shares of Hess Midstream from $38.00 to $40.00 and gave the company a "buy" rating in a research note on Wednesday, July 3rd.

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.