Wolfe Research Downgrades EQT Midstream Partners (EQM) to Peer Perform

Wolfe Research Downgrades EQT Midstream Partners (EQM) to Peer Perform

Wolfe Research lowered shares of EQT Midstream Partners (NYSE:EQM) from an outperform rating to a peer perform rating in a research note issued to investors on Wednesday morning, MarketBeat.com reports. They currently have $76.00 target price on the pipeline company’s stock, down from their prior target price of $85.00.

Other research analysts have also issued reports about the company. Stifel Nicolaus set a $90.00 target price on EQT Midstream Partners and gave the stock a buy rating in a report on Wednesday, January 17th. Bank of America started coverage on EQT Midstream Partners in a report on Tuesday, January 9th. They set a buy rating and a $89.00 target price on the stock. US Capital Advisors lowered EQT Midstream Partners from a buy rating to a buy rating in a report on Friday, November 17th. ValuEngine lowered EQT Midstream Partners from a buy rating to a hold rating in a report on Sunday, December 31st. Finally, Credit Suisse Group began coverage on EQT Midstream Partners in a report on Friday, January 5th. They set a neutral rating and a $71.00 target price on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $85.25.

EQT Midstream Partners (NYSE:EQM) opened at $66.95 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $5,490.00, a PE ratio of 12.90, a price-to-earnings-growth ratio of 0.94 and a beta of 0.77. EQT Midstream Partners has a twelve month low of $64.42 and a twelve month high of $82.99.

EQT Midstream Partners (NYSE:EQM) last posted its earnings results on Thursday, February 15th. The pipeline company reported $1.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.55 by ($0.27). The business had revenue of $224.51 million for the quarter, compared to the consensus estimate of $226.22 million. EQT Midstream Partners had a return on equity of 25.47% and a net margin of 63.33%. The business’s revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.31 earnings per share. equities analysts predict that EQT Midstream Partners will post 5.98 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Friday, February 2nd were paid a $1.025 dividend. This is an increase from EQT Midstream Partners’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $4.10 annualized dividend and a dividend yield of 6.12%. EQT Midstream Partners’s dividend payout ratio (DPR) is currently 79.00%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Atlantic Trust Group LLC raised its stake in shares of EQT Midstream Partners by 42.7% in the 3rd quarter. Atlantic Trust Group LLC now owns 70,584 shares of the pipeline company’s stock valued at $5,292,000 after purchasing an additional 21,105 shares during the period. Chicago Partners Investment Group LLC increased its position in shares of EQT Midstream Partners by 410.8% in the third quarter. Chicago Partners Investment Group LLC now owns 28,372 shares of the pipeline company’s stock valued at $2,127,000 after acquiring an additional 22,818 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in shares of EQT Midstream Partners by 806.5% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 41,700 shares of the pipeline company’s stock valued at $3,126,000 after acquiring an additional 37,100 shares during the last quarter. Walnut Private Equity Partners LLC increased its position in shares of EQT Midstream Partners by 59.1% in the fourth quarter. Walnut Private Equity Partners LLC now owns 22,893 shares of the pipeline company’s stock valued at $1,640,000 after acquiring an additional 8,500 shares during the last quarter. Finally, Dividend Assets Capital LLC increased its position in shares of EQT Midstream Partners by 0.4% in the third quarter. Dividend Assets Capital LLC now owns 506,909 shares of the pipeline company’s stock valued at $38,003,000 after acquiring an additional 1,886 shares during the last quarter. 74.47% of the stock is currently owned by hedge funds and other institutional investors.

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EQT Midstream Partners Company 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.

Analyst Recommendations for EQT Midstream Partners (NYSE:EQM)

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Wolfe Research cut shares of EQT Midstream Partners (NYSE:EQM) from an outperform rating to a peer perform rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports. They currently have $76.00 price objective on the pipeline company’s stock, down from their previous price objective of $85.00.

A number of other brokerages also recently weighed in on EQM. Royal Bank of Canada reissued a sector perform rating and set a $84.00 price target (up previously from $74.00) on shares of EQT Midstream Partners in a research report on Monday, February 12th. ValuEngine downgraded EQT Midstream Partners from a buy rating to a hold rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded EQT Midstream Partners from a hold rating to a sell rating in a research report on Thursday, January 18th. Stifel Nicolaus set a $90.00 price target on EQT Midstream Partners and gave the stock a buy rating in a research report on Wednesday, January 17th. Finally, Bank of America started coverage on 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 analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. EQT Midstream Partners has a consensus rating of Hold and an average price target of $85.25.

Shares of EQT Midstream Partners (EQM) opened at $66.95 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $5,490.00, a PE ratio of 12.90, a P/E/G ratio of 0.94 and a beta of 0.77. EQT Midstream Partners has a 12-month low of $64.42 and a 12-month high of $82.99.

EQT Midstream Partners (NYSE:EQM) last released its earnings results on Thursday, February 15th. The pipeline company reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.27). The company had revenue of $224.51 million during the quarter, compared to analyst estimates of $226.22 million. EQT Midstream Partners had a net margin of 63.33% and a return on equity of 25.47%. EQT Midstream Partners’s revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.31 EPS. research analysts expect that EQT Midstream Partners will post 5.98 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Friday, February 2nd were given a dividend of $1.025 per share. This represents a $4.10 dividend on an annualized basis and a yield of 6.12%. The ex-dividend date was Thursday, February 1st. This is an increase from EQT Midstream Partners’s previous quarterly dividend of $0.98. EQT Midstream Partners’s payout ratio is 79.00%.

Several large investors have recently modified their holdings of EQM. Center Coast Capital Advisors LP bought a new stake in shares of EQT Midstream Partners during the fourth quarter worth approximately $57,976,000. Alps Advisors Inc. boosted its holdings in shares of EQT Midstream Partners by 11.2% during the third quarter. Alps Advisors Inc. now owns 4,761,137 shares of the pipeline company’s stock worth $356,942,000 after acquiring an additional 480,995 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of EQT Midstream Partners by 20.8% during the third 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 during the period. Kayne Anderson Capital Advisors LP boosted its holdings in shares of EQT Midstream Partners by 6.6% during the fourth quarter. Kayne Anderson Capital Advisors LP now owns 2,671,595 shares of the pipeline company’s stock worth $195,277,000 after acquiring an additional 164,303 shares during the period. Finally, Cadence Capital Management LLC bought a new stake in shares of EQT Midstream Partners during the third quarter worth approximately $11,963,000. Institutional investors own 74.47% of the company’s stock.

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EQT Midstream Partners Company 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.

Analyst Recommendations for EQT Midstream Partners (NYSE:EQM)

Receive News & Ratings for EQT Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.

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