Diversified Trust Co increased its position in shares of EQT Midstream Partners LP (NYSE:EQM) by 12.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,975 shares of the pipeline company’s stock after acquiring an additional 2,221 shares during the period. Diversified Trust Co’s holdings in EQT Midstream Partners were worth $1,179,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors bought a new position in shares of EQT Midstream Partners in the 4th quarter worth $122,000. Advisory Services Network LLC increased its holdings in shares of EQT Midstream Partners by 95.9% in the 4th quarter. Advisory Services Network LLC now owns 2,600 shares of the pipeline company’s stock worth $190,000 after buying an additional 1,273 shares during the last quarter. Rockefeller Capital Management L.P. bought a new position in shares of EQT Midstream Partners in the 1st quarter worth $157,000. Koch Industries Inc. bought a new position in shares of EQT Midstream Partners in the 4th quarter worth $229,000. Finally, Ostrum Asset Management bought a new position in shares of EQT Midstream Partners in the 1st quarter worth $241,000. 71.54% of the stock is currently owned by institutional investors and hedge funds.
EQM has been the topic of a number of research analyst reports. Morgan Stanley decreased their price target on shares of EQT Midstream Partners from $83.00 to $77.00 and set an “overweight” rating on the stock in a report on Friday, March 16th. Zacks Investment Research lowered shares of EQT Midstream Partners from a “hold” rating to a “sell” rating in a report on Monday, March 12th. Bank of America reaffirmed a “neutral” rating and set a $66.00 target price (down previously from $81.00) on shares of EQT Midstream Partners in a report on Wednesday, March 21st. Barclays reduced their target price on shares of EQT Midstream Partners from $85.00 to $83.00 and set an “overweight” rating on the stock in a report on Tuesday, February 27th. Finally, TheStreet lowered shares of EQT Midstream Partners from a “b-” rating to a “c+” rating in a report on Monday, March 19th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $75.73.
Shares of EQM opened at $56.29 on Thursday. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of 10.20 and a beta of 0.90. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.90 and a quick ratio of 0.90. EQT Midstream Partners LP has a twelve month low of $50.89 and a twelve month high of $78.75.
EQT Midstream Partners (NYSE:EQM) last announced its quarterly earnings results on Thursday, April 26th. The pipeline company reported $1.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.19. The business had revenue of $232.80 million during the quarter, compared to analysts’ expectations of $232.38 million. EQT Midstream Partners had a net margin of 65.11% and a return on equity of 26.35%. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.36 EPS. equities research analysts forecast that EQT Midstream Partners LP will post 5.69 EPS for the current fiscal year.
In other news, Director Michael A. Bryson purchased 1,000 shares of the company’s stock in a transaction on Tuesday, May 29th. The stock was acquired at an average price of $55.53 per share, with a total value of $55,530.00. Following the transaction, the director now directly owns 1,175 shares of the company’s stock, valued at approximately $65,247.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
EQT Midstream Partners Profile
EQT Midstream Partners, LP provides natural gas gathering, transmission, and storage services in Pennsylvania, West Virginia, and Ohio. The company owns, operates, acquires, and develops midstream assets in the Appalachian Basin. The company also owned approximately 300 miles of high pressure gathering lines and 1,500 miles of federal energy regulatory commission (FERC) regulated low pressure gathering lines; and approximately 950 miles of FERC regulated interstate pipelines.
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