Schroder Investment Management Group Boosts Stake in Hess Midstream LP (NYSE:HESM)

Schroder Investment Management Group raised its stake in shares of Hess Midstream LP (NYSE:HESM - Free Report) by 26.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 398,339 shares of the company's stock after purchasing an additional 84,461 shares during the quarter. Schroder Investment Management Group owned 0.18% of Hess Midstream worth $14,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of HESM. Nordea Investment Management AB lifted its holdings in shares of Hess Midstream by 98.0% during 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 during the last quarter. Stifel Financial Corp raised its position in Hess Midstream by 37.7% during the third quarter. Stifel Financial Corp now owns 11,490 shares of the company's stock valued at $405,000 after purchasing an additional 3,148 shares in the last quarter. Van ECK Associates Corp lifted its stake in Hess Midstream by 75.1% during the fourth quarter. Van ECK Associates Corp now owns 23,729 shares of the company's stock worth $879,000 after purchasing an additional 10,175 shares during the last quarter. Artemis Investment Management LLP boosted its holdings in shares of Hess Midstream by 11.9% in the 4th quarter. Artemis Investment Management LLP now owns 851,203 shares of the company's stock worth $31,520,000 after purchasing an additional 90,521 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Hess Midstream by 9.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 201,106 shares of the company's stock worth $7,093,000 after purchasing an additional 17,261 shares in the last quarter. Hedge funds and other institutional investors own 98.97% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HESM. Wells Fargo & Company boosted their target price on Hess Midstream from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 4th. Raymond James boosted their price objective on shares of Hess Midstream from $42.00 to $45.00 and gave the stock an "outperform" rating in a report on Tuesday, January 28th. Citigroup increased their target price on shares of Hess Midstream from $41.00 to $44.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. upped 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. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Hess Midstream presently has an average rating of "Moderate Buy" and an average price target of $43.00.

Hess Midstream Trading Down 9.5 %

Shares of Hess Midstream stock traded down $3.91 on Friday, hitting $37.22. The stock had a trading volume of 1,491,947 shares, compared to its average volume of 978,163. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 7.85. Hess Midstream LP has a one year low of $32.75 and a one year high of $44.05. The stock's 50-day simple moving average is $41.17 and its two-hundred day simple moving average is $38.21. The stock has a market cap of $8.11 billion, a price-to-earnings ratio of 14.95 and a beta of 1.14.

Hess Midstream (NYSE:HESM - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, sell-side analysts predict that Hess Midstream LP will post 2.5 EPS for the current year.

Hess Midstream Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, February 6th were issued a dividend of $0.7012 per share. This represents a $2.80 dividend on an annualized basis and a yield of 7.54%. The ex-dividend date of this dividend was Thursday, February 6th. This is an increase from Hess Midstream's previous quarterly dividend of $0.68. Hess Midstream's payout ratio is currently 112.45%.

Insider Buying and Selling at Hess Midstream

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

Hess Midstream 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.