Kayne Anderson Capital Advisors LP Has $187.96 Million Holdings in EQT Midstream Partners LP (EQM)

Kayne Anderson Capital Advisors LP lifted its position in shares of EQT Midstream Partners LP (NYSE:EQM) by 0.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,507,292 shares of the pipeline company’s stock after buying an additional 12,142 shares during the period. EQT Midstream Partners makes up approximately 2.4% of Kayne Anderson Capital Advisors LP’s portfolio, making the stock its 12th largest position. Kayne Anderson Capital Advisors LP owned about 3.11% of EQT Midstream Partners worth $187,955,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Alps Advisors Inc. boosted its position in EQT Midstream Partners by 11.2% in the 3rd quarter. Alps Advisors Inc. now owns 4,761,137 shares of the pipeline company’s stock valued at $356,942,000 after buying an additional 480,995 shares during the period. Neuberger Berman Group LLC lifted its position in shares of EQT Midstream Partners by 2.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 3,298,943 shares of the pipeline company’s stock worth $246,200,000 after purchasing an additional 82,992 shares during the last quarter. Hamlin Capital Management LLC lifted its position in EQT Midstream Partners by 4.9% in the third quarter. Hamlin Capital Management LLC now owns 1,171,268 shares of the pipeline company’s stock valued at $87,810,000 after acquiring an additional 55,139 shares during the last quarter. American Century Companies Inc. lifted its position in EQT Midstream Partners by 14.2% in the third quarter. American Century Companies Inc. now owns 1,028,054 shares of the pipeline company’s stock valued at $77,073,000 after acquiring an additional 127,956 shares during the last quarter. Finally, ING Groep NV lifted its position in EQT Midstream Partners by 248.4% in the second quarter. ING Groep NV now owns 695,000 shares of the pipeline company’s stock valued at $51,868,000 after acquiring an additional 495,500 shares during the last quarter. Institutional investors and hedge funds own 73.74% of the company’s stock.

A number of brokerages recently weighed in on EQM. BidaskClub cut shares of EQT Midstream Partners from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Seaport Global Securities started coverage on shares of EQT Midstream Partners in a research note on Tuesday, October 10th. They issued a “buy” rating and a $96.00 price objective on the stock. Royal Bank Of Canada restated a “buy” rating and set a $96.00 target price on shares of EQT Midstream Partners in a research report on Tuesday, October 10th. Stifel Nicolaus set a $79.00 price target on shares of EQT Midstream Partners and gave the stock a “hold” rating in a research report on Friday, August 25th. Finally, US Capital Advisors lowered shares of EQT Midstream Partners from a “buy” rating to a “buy” rating in a research report on Friday, November 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. EQT Midstream Partners currently has a consensus rating of “Hold” and an average target price of $90.83.

EQT Midstream Partners LP (EQM) traded up $0.83 during midday trading on Thursday, reaching $68.34. 297,690 shares of the company’s stock were exchanged, compared to its average volume of 258,178. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.52. EQT Midstream Partners LP has a 12-month low of $64.42 and a 12-month high of $82.99. The company has a market cap of $5,610.00, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 1.02 and a beta of 0.90.

EQT Midstream Partners (NYSE:EQM) last issued its quarterly earnings data on Thursday, October 26th. The pipeline company reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.02. The firm had revenue of $207.20 million for the quarter, compared to the consensus estimate of $205.29 million. EQT Midstream Partners had a net margin of 65.99% and a return on equity of 25.85%. EQT Midstream Partners’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period last year, the firm posted $1.23 EPS. research analysts predict that EQT Midstream Partners LP will post 5.63 EPS for the current fiscal year.

The business also recently announced 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 is a boost from EQT Midstream Partners’s previous quarterly dividend of $0.94. The ex-dividend date was Thursday, November 2nd. This represents a $3.92 annualized dividend and a yield of 5.74%. EQT Midstream Partners’s dividend payout ratio (DPR) is presently 74.95%.

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EQT Midstream Partners Profile

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.

Institutional Ownership by Quarter for EQT Midstream Partners (NYSE:EQM)

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