EQT Midstream Partners LP (EQM) Stake Increased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its holdings in EQT Midstream Partners LP (NYSE:EQM) by 79.8% in the third quarter, HoldingsChannel reports. The firm owned 11,927 shares of the pipeline company’s stock after buying an additional 5,292 shares during the period. Oppenheimer Asset Management Inc.’s holdings in EQT Midstream Partners were worth $630,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Keybank National Association OH boosted its position in shares of EQT Midstream Partners by 26.2% in the 2nd quarter. Keybank National Association OH now owns 4,753 shares of the pipeline company’s stock worth $245,000 after purchasing an additional 987 shares in the last quarter. Goodwin Daniel L boosted its position in shares of EQT Midstream Partners by 8.4% in the 3rd quarter. Goodwin Daniel L now owns 12,950 shares of the pipeline company’s stock worth $685,000 after purchasing an additional 1,000 shares in the last quarter. Tortoise Index Solutions LLC boosted its position in shares of EQT Midstream Partners by 16.2% in the 2nd quarter. Tortoise Index Solutions LLC now owns 8,908 shares of the pipeline company’s stock worth $460,000 after purchasing an additional 1,242 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of EQT Midstream Partners by 2.7% in the 2nd quarter. Janney Montgomery Scott LLC now owns 57,818 shares of the pipeline company’s stock worth $2,983,000 after purchasing an additional 1,526 shares in the last quarter. Finally, Botty Investors LLC boosted its position in shares of EQT Midstream Partners by 14.7% in the 3rd quarter. Botty Investors LLC now owns 13,679 shares of the pipeline company’s stock worth $722,000 after purchasing an additional 1,748 shares in the last quarter. 69.52% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on EQM shares. LADENBURG THALM/SH SH lowered their price objective on EQT Midstream Partners from $81.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, August 17th. Stifel Nicolaus lowered their price target on EQT Midstream Partners from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, August 17th. Jefferies Financial Group assumed coverage on EQT Midstream Partners in a research report on Wednesday, July 25th. They set a “buy” rating and a $65.00 price target for the company. Zacks Investment Research raised EQT Midstream Partners from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Monday, July 30th. Finally, Morgan Stanley lowered their price target on EQT Midstream Partners from $61.00 to $55.00 and set a “buy” rating for the company in a research report on Tuesday, October 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $61.64.

Shares of EQM opened at $43.89 on Wednesday. EQT Midstream Partners LP has a one year low of $43.58 and a one year high of $77.97. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.69. The stock has a market cap of $5.55 billion, a price-to-earnings ratio of 8.46 and a beta of 1.13.

EQT Midstream Partners (NYSE:EQM) last issued its quarterly earnings results on Thursday, October 25th. The pipeline company reported $1.14 EPS for the quarter, missing the Zacks’ consensus estimate of $1.21 by ($0.07). The firm had revenue of $364.58 million for the quarter, compared to analyst estimates of $356.99 million. EQT Midstream Partners had a return on equity of 22.30% and a net margin of 60.71%. As a group, equities research analysts expect that EQT Midstream Partners LP will post 5.8 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 14th. Stockholders of record on Friday, November 2nd will be issued a $1.115 dividend. This represents a $4.46 annualized dividend and a dividend yield of 10.16%. The ex-dividend date of this dividend is Thursday, November 1st. This is a boost from EQT Midstream Partners’s previous quarterly dividend of $1.09. EQT Midstream Partners’s payout ratio is 85.93%.

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

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