EQT Midstream Partners (NYSE:EQM) Rating Lowered to Buy at US Capital Advisors

US Capital Advisors downgraded shares of EQT Midstream Partners (NYSE:EQM) from a buy rating to a buy rating in a report published on Friday, November 17th.

Other equities research analysts have also issued research reports about the company. Scotiabank set a $94.00 target price on EQT Midstream Partners and gave the company a hold rating in a research note on Saturday, July 22nd. Zacks Investment Research lowered EQT Midstream Partners from a hold rating to a strong sell rating in a research note on Monday, October 16th. Mitsubishi UFJ Financial Group reaffirmed an overweight rating on shares of EQT Midstream Partners in a research note on Thursday, October 26th. Morgan Stanley reduced their target price on EQT Midstream Partners from $86.00 to $83.00 and set an overweight rating on the stock in a research note on Friday, November 17th. Finally, BidaskClub raised EQT Midstream Partners from a strong sell rating to a sell rating in a research note on Friday, August 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $90.83.

EQT Midstream Partners (NYSE EQM) traded down $0.49 on Friday, hitting $68.98. The company had a trading volume of 448,201 shares, compared to its average volume of 258,460. The firm has a market cap of $5,660.00, a PE ratio of 13.31, a P/E/G ratio of 1.03 and a beta of 0.90. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.52. EQT Midstream Partners has a 1-year low of $64.42 and a 1-year high of $82.99.

EQT Midstream Partners (NYSE:EQM) last released its quarterly earnings results on Thursday, October 26th. The pipeline company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.02. The business had revenue of $207.20 million for the quarter, compared to analysts’ expectations of $205.29 million. EQT Midstream Partners had a return on equity of 25.85% and a net margin of 65.99%. The company’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.23 EPS. equities analysts expect that EQT Midstream Partners will post 5.63 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Friday, November 3rd were paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date was Thursday, November 2nd. This is a positive change from EQT Midstream Partners’s previous quarterly dividend of $0.94. EQT Midstream Partners’s dividend payout ratio is currently 74.95%.

Several institutional investors have recently modified their holdings of EQM. ING Groep NV lifted its stake in shares of EQT Midstream Partners by 248.4% during the 2nd quarter. ING Groep NV now owns 695,000 shares of the pipeline company’s stock worth $51,868,000 after purchasing an additional 495,500 shares during the period. Alps Advisors Inc. lifted its stake in shares of EQT Midstream Partners by 11.2% during the 3rd quarter. Alps Advisors Inc. now owns 4,761,137 shares of the pipeline company’s stock worth $356,942,000 after purchasing an additional 480,995 shares during the period. Marshall Wace North America L.P. lifted its stake in shares of EQT Midstream Partners by 282.2% during the 2nd quarter. Marshall Wace North America L.P. now owns 488,401 shares of the pipeline company’s stock worth $36,630,000 after purchasing an additional 360,601 shares during the period. Hamlin Capital Management LLC lifted its stake in shares of EQT Midstream Partners by 26.6% during the 2nd quarter. Hamlin Capital Management LLC now owns 1,116,129 shares of the pipeline company’s stock worth $83,297,000 after purchasing an additional 234,542 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of EQT Midstream Partners by 20.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,271,917 shares of the pipeline company’s stock worth $93,817,000 after purchasing an additional 219,261 shares during the period. 73.74% of the stock is currently owned by institutional investors.

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About EQT Midstream Partners

EQT Midstream Partners, LP (EQM) owns, operates, acquires and develops midstream assets in the Appalachian Basin. The Company’s segments include Gathering and Transmission. The Gathering segment primarily includes high pressure gathering lines and the Federal Energy Regulatory Commission (FERC)-regulated low pressure gathering system.

Analyst Recommendations for EQT Midstream Partners (NYSE:EQM)

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