Walnut Private Equity Partners LLC Raises Stake in EQT Midstream Partners LP (EQM)

Walnut Private Equity Partners LLC lifted its stake in shares of EQT Midstream Partners LP (NYSE:EQM) by 59.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,893 shares of the pipeline company’s stock after acquiring an additional 8,500 shares during the period. EQT Midstream Partners makes up about 1.3% of Walnut Private Equity Partners LLC’s investment portfolio, making the stock its 14th largest holding. Walnut Private Equity Partners LLC’s holdings in EQT Midstream Partners were worth $1,640,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Linscomb & Williams Inc. increased its position in shares of EQT Midstream Partners by 0.3% during the second quarter. Linscomb & Williams Inc. now owns 4,134 shares of the pipeline company’s stock worth $309,000 after acquiring an additional 12 shares in the last quarter. Veritable L.P. increased its position in shares of EQT Midstream Partners by 5.0% during the second quarter. Veritable L.P. now owns 5,680 shares of the pipeline company’s stock worth $424,000 after acquiring an additional 269 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of EQT Midstream Partners by 5.9% during the second quarter. Alliancebernstein L.P. now owns 14,356 shares of the pipeline company’s stock worth $1,071,000 after acquiring an additional 803 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of EQT Midstream Partners by 14.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 6,721 shares of the pipeline company’s stock worth $504,000 after acquiring an additional 842 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of EQT Midstream Partners by 3.1% during the third quarter. Janney Montgomery Scott LLC now owns 35,320 shares of the pipeline company’s stock worth $2,648,000 after acquiring an additional 1,051 shares in the last quarter. 73.71% of the stock is owned by institutional investors.

Several research analysts recently commented on EQM shares. Credit Suisse Group started coverage on shares of EQT Midstream Partners in a report on Friday, January 5th. They set a “neutral” rating and a $71.00 target price for the company. Zacks Investment Research cut shares of EQT Midstream Partners from a “hold” rating to a “strong sell” rating in a report on Monday, October 16th. ValuEngine cut shares of EQT Midstream Partners from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Mitsubishi UFJ Financial Group restated an “overweight” rating on shares of EQT Midstream Partners in a report on Thursday, October 26th. Finally, Morgan Stanley reduced their target price on shares of EQT Midstream Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, November 17th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $88.13.

Shares of EQT Midstream Partners LP (NYSE EQM) traded up $1.16 on Friday, reaching $77.48. 325,300 shares of the company traded hands, compared to its average volume of 287,138. EQT Midstream Partners LP has a fifty-two week low of $64.42 and a fifty-two week high of $82.99. The firm has a market capitalization of $6,360.00, a PE ratio of 14.81, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.90 and a quick ratio of 0.90.

EQT Midstream Partners (NYSE:EQM) last announced its earnings results on Thursday, October 26th. The pipeline company reported $1.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.02. EQT Midstream Partners had a net margin of 65.99% and a return on equity of 25.85%. The business had revenue of $207.20 million during the quarter, compared to analysts’ expectations of $205.29 million. During the same quarter in the prior year, the company posted $1.23 earnings per share. The firm’s revenue was up 17.2% on a year-over-year basis. equities research analysts predict that EQT Midstream Partners LP will post 5.63 EPS for the current year.

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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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