Parametric Portfolio Associates LLC Sells 23,926 Shares of EQT Midstream Partners, LP (EQM)

Parametric Portfolio Associates LLC decreased its holdings in shares of EQT Midstream Partners, LP (NYSE:EQM) by 12.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 163,357 shares of the pipeline company’s stock after selling 23,926 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.20% of EQT Midstream Partners, worth $12,191,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in EQM. ING Groep NV boosted its stake in shares of EQT Midstream Partners, by 248.4% during the second quarter. ING Groep NV now owns 695,000 shares of the pipeline company’s stock worth $51,868,000 after buying an additional 495,500 shares during the period. Marshall Wace North America L.P. boosted its stake in shares of EQT Midstream Partners, by 282.2% during the second quarter. Marshall Wace North America L.P. now owns 488,401 shares of the pipeline company’s stock worth $36,630,000 after buying an additional 360,601 shares during the period. Hamlin Capital Management LLC boosted its stake in shares of EQT Midstream Partners, by 26.6% during the second quarter. Hamlin Capital Management LLC now owns 1,116,129 shares of the pipeline company’s stock worth $83,297,000 after buying an additional 234,542 shares during the period. Bank of Montreal Can boosted its stake in shares of EQT Midstream Partners, by 25.4% during the second quarter. Bank of Montreal Can now owns 1,092,190 shares of the pipeline company’s stock worth $81,510,000 after buying an additional 221,005 shares during the period. Finally, Citigroup Inc. boosted its stake in shares of EQT Midstream Partners, by 60.0% during the second quarter. Citigroup Inc. now owns 449,721 shares of the pipeline company’s stock worth $33,563,000 after buying an additional 168,675 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

EQT Midstream Partners, LP (NYSE EQM) opened at 76.62 on Wednesday. The stock has a market capitalization of $6.17 billion, a PE ratio of 14.77 and a beta of 0.88. EQT Midstream Partners, LP has a one year low of $69.20 and a one year high of $82.99. The firm has a 50-day moving average of $75.00 and a 200-day moving average of $75.10.

EQT Midstream Partners, (NYSE:EQM) last issued its quarterly earnings results on Thursday, July 27th. The pipeline company reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.04). The company had revenue of $199.00 million during the quarter, compared to analyst estimates of $195.00 million. EQT Midstream Partners, had a return on equity of 25.61% and a net margin of 66.99%. The company’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.27 earnings per share. On average, equities research analysts forecast that EQT Midstream Partners, LP will post $5.54 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This piece of content was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/11/parametric-portfolio-associates-llc-sells-23926-shares-of-eqt-midstream-partners-lp-eqm.html.

EQM has been the subject of a number of recent analyst reports. Royal Bank Of Canada restated a “buy” rating and issued a $96.00 price objective on shares of EQT Midstream Partners, in a research report on Tuesday. Seaport Global Securities initiated coverage on shares of EQT Midstream Partners, in a research report on Tuesday. They issued a “buy” rating and a $96.00 price objective for the company. BidaskClub upgraded shares of EQT Midstream Partners, from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Stifel Nicolaus set a $79.00 price objective on shares of EQT Midstream Partners, and gave the company a “hold” rating in a research report on Friday, August 25th. Finally, Morgan Stanley raised their price objective on shares of EQT Midstream Partners,

Several other institutional investors and hedge funds have also made changes to their positions in EQM. ING Groep NV boosted its stake in shares of EQT Midstream Partners, by 248.4% during the second quarter. ING Groep NV now owns 695,000 shares of the pipeline company’s stock worth $51,868,000 after buying an additional 495,500 shares during the period. Marshall Wace North America L.P. boosted its stake in shares of EQT Midstream Partners, by 282.2% during the second quarter. Marshall Wace North America L.P. now owns 488,401 shares of the pipeline company’s stock worth $36,630,000 after buying an additional 360,601 shares during the period. Hamlin Capital Management LLC boosted its stake in shares of EQT Midstream Partners, by 26.6% during the second quarter. Hamlin Capital Management LLC now owns 1,116,129 shares of the pipeline company’s stock worth $83,297,000 after buying an additional 234,542 shares during the period. Bank of Montreal Can boosted its stake in shares of EQT Midstream Partners, by 25.4% during the second quarter. Bank of Montreal Can now owns 1,092,190 shares of the pipeline company’s stock worth $81,510,000 after buying an additional 221,005 shares during the period. Finally, Citigroup Inc. boosted its stake in shares of EQT Midstream Partners, by 60.0% during the second quarter. Citigroup Inc. now owns 449,721 shares of the pipeline company’s stock worth $33,563,000 after buying an additional 168,675 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

EQT Midstream Partners, LP (NYSE EQM) opened at 76.62 on Wednesday. The stock has a market capitalization of $6.17 billion, a PE ratio of 14.77 and a beta of 0.88. EQT Midstream Partners, LP has a one year low of $69.20 and a one year high of $82.99. The firm has a 50-day moving average of $75.00 and a 200-day moving average of $75.10.

EQT Midstream Partners, (NYSE:EQM) last issued its quarterly earnings results on Thursday, July 27th. The pipeline company reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.04). The company had revenue of $199.00 million during the quarter, compared to analyst estimates of $195.00 million. EQT Midstream Partners, had a return on equity of 25.61% and a net margin of 66.99%. The company’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.27 earnings per share. On average, equities research analysts forecast that EQT Midstream Partners, LP will post $5.54 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This piece of content was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/11/parametric-portfolio-associates-llc-sells-23926-shares-of-eqt-midstream-partners-lp-eqm.html.

EQM has been the subject of a number of recent analyst reports. Royal Bank Of Canada restated a “buy” rating and issued a $96.00 price objective on shares of EQT Midstream Partners, in a research report on Tuesday. Seaport Global Securities initiated coverage on shares of EQT Midstream Partners, in a research report on Tuesday. They issued a “buy” rating and a $96.00 price objective for the company. BidaskClub upgraded shares of EQT Midstream Partners, from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Stifel Nicolaus set a $79.00 price objective on shares of EQT Midstream Partners, and gave the company a “hold” rating in a research report on Friday, August 25th. Finally, Morgan Stanley raised their price objective on shares of EQT Midstream Partners, from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $91.50.

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.

Want to see what other hedge funds are holding EQM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EQT Midstream Partners, LP (NYSE:EQM).

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

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

Leave a Reply