Miller Howard Investments 13F: Adds $1.1M to HESM Stake

Miller Howard Investments boosted its stake in Hess Midstream LP (HESM) by 28,499 shares, raising its total holdings to 1,586,630 shares. This change, valued at approximately $1,065,007, was disclosed in a filing on October 26, 2026.

HESM Hess Midstream LP

$31.18 ▼ -4.27% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where Hess Midstream Fits in Miller Howard Investments' Portfolio

Miller Howard's position in Hess Midstream now accounts for 5.5% of its total reported value, ranking it 7th among the fund's 159 positions.

Other Institutional Activity in Hess Midstream

Alps Advisors Inc. reduced its stake by 1,627,457 shares, ending with 29,254,074 shares worth about $912.1 million. Bank Of New York Mellon Corporation increased its holdings by 969,111 shares, bringing its total to 4,720,992 shares valued at approximately $147.2 million. Tortoise Capital Advisors, LLC trimmed its stake by 230,953 shares, leaving it with 4,236,214 shares valued at around $132.1 million.

Hess Midstream LP Stock Up 3.8%

Hess Midstream's stock was recently trading around $31.18 as of October 27, 2026. This is a significant point for the stock, considering the recent changes in its investor landscape. The shares are positioned in a market that has seen varied analyst ratings and institutional interest.

Recent Earnings

For the trailing twelve months, Hess Midstream reported revenue of approximately $1.61 billion and earnings per share of $2.90. The next earnings report is set for November 2, 2026.

Dividend

Hess Midstream has an annual dividend rate of $3.09, with a payout ratio of 104.7%.

Insider Buying and Selling at Hess Midstream LP

Recently, President John A. Gatling sold 2,087 shares at an average price of $40.60 on March 11, 2025, totaling approximately $84,728. Other insiders have also sold shares, including BlackRock Portfolio Management, which owns over 15 million shares.

Analysts Set New Price Targets

On October 23, 2026, Raymond James upgraded its rating on Hess Midstream to Outperform with a price target of $32.00. Other firms, including JP Morgan and Morgan Stanley, have maintained lower ratings, reflecting a mixed outlook for the stock.

About Hess Midstream

Hess Midstream LP operates in the energy sector, focusing on midstream services. The company provides essential infrastructure for oil and gas operations in the U.S., including gathering, processing, and storage services.

Bottom Line

Investors should keep an eye on Hess Midstream's upcoming earnings report on November 2, 2026, and monitor any further changes in institutional holdings and analyst ratings. The recent boost by Miller Howard Investments may indicate growing confidence in the stock's potential amid a complex market landscape.