MHI Funds LLC Buys Shares of 4,091 EQT Midstream Partners LP (EQM)

MHI Funds LLC bought a new position in shares of EQT Midstream Partners LP (NYSE:EQM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,091 shares of the pipeline company’s stock, valued at approximately $299,000.

Several other large investors have also made changes to their positions in EQM. Alps Advisors Inc. grew its position 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 in the last quarter. JPMorgan Chase & Co. boosted its position 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 acquiring an additional 219,261 shares in the last quarter. Cadence Capital Management LLC acquired a new stake in shares of EQT Midstream Partners during the 3rd quarter worth approximately $11,963,000. American Century Companies Inc. boosted its position in shares of EQT Midstream Partners by 14.2% during the 3rd quarter. American Century Companies Inc. now owns 1,028,054 shares of the pipeline company’s stock worth $77,073,000 after acquiring an additional 127,956 shares in the last quarter. Finally, ING Groep NV boosted its position in shares of EQT Midstream Partners by 15.0% during the 3rd quarter. ING Groep NV now owns 799,500 shares of the pipeline company’s stock worth $59,939,000 after acquiring an additional 104,500 shares in the last quarter. Hedge funds and other institutional investors own 73.87% of the company’s stock.

EQM has been the topic of several analyst reports. 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. Seaport Global Securities initiated coverage on shares of EQT Midstream Partners in a research report on Tuesday, October 10th. They set a “buy” rating and a $96.00 price target on the stock. Royal Bank of Canada reiterated a “buy” rating and set a $96.00 price target on shares of EQT Midstream Partners in a research report on Tuesday, October 10th. Stifel Nicolaus set a $90.00 price target on shares of EQT Midstream Partners and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, Bank of America initiated coverage on shares of EQT Midstream Partners in a research report on Tuesday, January 9th. They set a “buy” rating and a $89.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $89.50.

Shares of EQT Midstream Partners LP (NYSE:EQM) traded up $0.12 during trading hours on Tuesday, reaching $77.27. 253,571 shares of the company traded hands, compared to its average volume of 316,667. The company has a market cap of $6,340.00, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 1.06 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.90 and a current ratio of 0.90. EQT Midstream Partners LP has a fifty-two week low of $64.42 and a fifty-two week high of $82.99.

EQT Midstream Partners (NYSE:EQM) last issued its quarterly earnings data on Thursday, October 26th. The pipeline company reported $1.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.02. The business had revenue of $207.20 million during 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%. The firm’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.23 EPS. equities analysts predict that EQT Midstream Partners LP will post 5.32 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Friday, February 2nd will be paid a $1.025 dividend. This is an increase from EQT Midstream Partners’s previous quarterly dividend of $0.98. The ex-dividend date is Thursday, February 1st. This represents a $4.10 annualized dividend and a yield of 5.31%. EQT Midstream Partners’s dividend payout ratio is presently 74.95%.

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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.

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

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