Bank of Nova Scotia Trims Holdings in Hess Midstream LP (NYSE:HESM)

Bank of Nova Scotia trimmed its position in shares of Hess Midstream LP (NYSE:HESMGet Rating) by 19.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,247 shares of the company’s stock after selling 1,752 shares during the quarter. Bank of Nova Scotia’s holdings in Hess Midstream were worth $203,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Maven Securities LTD bought a new stake in Hess Midstream during the 1st quarter valued at approximately $2,325,000. Kercheville Advisors LLC boosted its position in Hess Midstream by 1.7% during the 2nd quarter. Kercheville Advisors LLC now owns 217,762 shares of the company’s stock valued at $6,097,000 after acquiring an additional 3,619 shares in the last quarter. GraniteShares Advisors LLC boosted its position in shares of Hess Midstream by 9.7% in the 1st quarter. GraniteShares Advisors LLC now owns 28,569 shares of the company’s stock worth $857,000 after purchasing an additional 2,537 shares in the last quarter. Swiss National Bank boosted its position in shares of Hess Midstream by 8.8% in the 1st quarter. Swiss National Bank now owns 80,600 shares of the company’s stock worth $2,418,000 after purchasing an additional 6,500 shares in the last quarter. Finally, Bramshill Investments LLC boosted its position in shares of Hess Midstream by 8.0% in the 1st quarter. Bramshill Investments LLC now owns 44,853 shares of the company’s stock worth $1,346,000 after purchasing an additional 3,327 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Hess Midstream Stock Up 0.6 %

Shares of HESM opened at $28.79 on Tuesday. The business’s 50 day moving average price is $27.48 and its 200-day moving average price is $28.96. Hess Midstream LP has a 52 week low of $23.78 and a 52 week high of $35.71. The stock has a market cap of $1.27 billion, a P/E ratio of 14.18 and a beta of 1.64.

Hess Midstream (NYSE:HESMGet Rating) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. The company had revenue of $334.80 million during the quarter, compared to the consensus estimate of $285.34 million. On average, equities analysts anticipate that Hess Midstream LP will post 1.98 EPS for the current year.

Hess Midstream Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Thursday, November 3rd were given a $0.5627 dividend. This is a boost from Hess Midstream’s previous quarterly dividend of $0.56. This represents a $2.25 dividend on an annualized basis and a dividend yield of 7.82%. The ex-dividend date of this dividend was Wednesday, November 2nd. Hess Midstream’s payout ratio is currently 110.84%.

About Hess Midstream

(Get Rating)

Hess Midstream LP owns, develops, operates, and acquires midstream assets. The company operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. The Gathering segment owns natural gas gathering and compression; crude oil gathering systems; and produced water gathering and disposal facilities.

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Institutional Ownership by Quarter for Hess Midstream (NYSE:HESM)

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