American Century Companies Inc. Has $12.98 Million Holdings in Hess Midstream Partners LP $HESM

American Century Companies Inc. grew its stake in Hess Midstream Partners LP (NYSE:HESM) by 27.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 306,851 shares of the company’s stock after purchasing an additional 66,753 shares during the quarter. American Century Companies Inc. owned approximately 0.14% of Hess Midstream Partners worth $12,977,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HESM. ProShare Advisors LLC lifted its holdings in shares of Hess Midstream Partners by 5.7% during the fourth quarter. ProShare Advisors LLC now owns 7,935 shares of the company’s stock worth $294,000 after buying an additional 429 shares in the last quarter. Virtus ETF Advisers LLC grew its position in Hess Midstream Partners by 9.5% in the fourth quarter. Virtus ETF Advisers LLC now owns 4,972 shares of the company’s stock valued at $184,000 after acquiring an additional 432 shares during the last quarter. WBI Investments LLC grew its position in Hess Midstream Partners by 2.5% in the fourth quarter. WBI Investments LLC now owns 18,309 shares of the company’s stock valued at $678,000 after acquiring an additional 446 shares during the last quarter. Leisure Capital Management grew its holdings in shares of Hess Midstream Partners by 2.0% during the first quarter. Leisure Capital Management now owns 26,681 shares of the company’s stock worth $1,128,000 after purchasing an additional 533 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Hess Midstream Partners by 4.1% during the first quarter. Janney Montgomery Scott LLC now owns 14,540 shares of the company’s stock worth $615,000 after purchasing an additional 570 shares during the last quarter. 98.97% of the stock is owned by institutional investors.

Hess Midstream Partners Stock Performance

Shares of HESM opened at $41.1310 on Tuesday. The stock’s 50-day simple moving average is $39.89 and its 200 day simple moving average is $39.46. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 15.23 and a beta of 0.67. The company has a debt-to-equity ratio of 7.26, a quick ratio of 0.71 and a current ratio of 0.71. Hess Midstream Partners LP has a 52-week low of $33.59 and a 52-week high of $44.14.

Hess Midstream Partners (NYSE:HESM) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.18. The firm had revenue of $414.20 million for the quarter, compared to analysts’ expectations of $405.08 million. Hess Midstream Partners had a return on equity of 60.37% and a net margin of 18.52%.The company’s revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.59 EPS. Research analysts forecast that Hess Midstream Partners LP will post 2.5 EPS for the current fiscal year.

Hess Midstream Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Thursday, August 7th were given a $0.737 dividend. The ex-dividend date was Thursday, August 7th. This represents a $2.95 dividend on an annualized basis and a dividend yield of 7.2%. This is an increase from Hess Midstream Partners’s previous quarterly dividend of $0.71. Hess Midstream Partners’s dividend payout ratio is 109.26%.

Insider Transactions at Hess Midstream Partners

In other Hess Midstream Partners news, major shareholder Blackrock Portfolio Management sold 15,022,517 shares of Hess Midstream Partners stock in a transaction on Friday, May 30th. The stock was sold at an average price of $36.86, for a total transaction of $553,729,976.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO John A. Gatling sold 62,457 shares of Hess Midstream Partners stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $41.59, for a total value of $2,597,586.63. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,088,223 shares of company stock worth $556,454,599.

Analyst Upgrades and Downgrades

HESM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on Hess Midstream Partners from $44.00 to $46.00 and gave the stock a “neutral” rating in a research note on Friday. Wells Fargo & Company upped their target price on Hess Midstream Partners from $47.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Morgan Stanley initiated coverage on Hess Midstream Partners in a research report on Friday, July 25th. They set an “equal weight” rating and a $48.00 target price on the stock. Finally, Wall Street Zen upgraded Hess Midstream Partners from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.20.

About Hess Midstream Partners

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.