Advisory Research Inc. cut its stake in shares of EQT Midstream Partners LP (NYSE:EQM) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 704,099 shares of the pipeline company’s stock after selling 28,767 shares during the period. Advisory Research Inc. owned about 0.87% of EQT Midstream Partners worth $51,470,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of EQM. Harel Insurance Investments & Financial Services Ltd. bought a new position in EQT Midstream Partners during the 4th quarter valued at $115,000. Stuart Chaussee & Associates Inc. bought a new position in EQT Midstream Partners during the 4th quarter valued at $181,000. Saratoga Research & Investment Management bought a new position in EQT Midstream Partners during the 3rd quarter valued at $186,000. A. D. Beadell Investment Counsel Inc. bought a new position in EQT Midstream Partners during the 3rd quarter valued at $203,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of EQT Midstream Partners during the 3rd quarter valued at $204,000. Institutional investors and hedge funds own 71.41% of the company’s stock.
Shares of EQT Midstream Partners LP (NYSE:EQM) traded down $0.33 on Thursday, reaching $60.09. The company had a trading volume of 402,441 shares, compared to its average volume of 474,837. EQT Midstream Partners LP has a 52 week low of $59.96 and a 52 week high of $79.93. The stock has a market cap of $4,930.00, a price-to-earnings ratio of 11.58, a P/E/G ratio of 0.90 and a beta of 0.92. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.54.
EQT Midstream Partners (NYSE:EQM) last announced its quarterly earnings data on Thursday, February 15th. The pipeline company reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.55 by ($0.27). EQT Midstream Partners had a return on equity of 25.24% and a net margin of 63.33%. The firm had revenue of $224.51 million during the quarter, compared to analysts’ expectations of $226.22 million. During the same period last year, the business posted $1.31 EPS. The company’s revenue was up 15.1% compared to the same quarter last year. sell-side analysts predict that EQT Midstream Partners LP will post 5.67 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Friday, February 2nd were issued a dividend of $1.025 per share. This represents a $4.10 dividend on an annualized basis and a yield of 6.82%. The ex-dividend date of this dividend was Thursday, February 1st. This is a positive change from EQT Midstream Partners’s previous quarterly dividend of $0.98. EQT Midstream Partners’s payout ratio is presently 79.00%.
EQM has been the subject of several research analyst reports. Credit Suisse Group initiated coverage on EQT Midstream Partners in a research report on Friday, January 5th. They set a “neutral” rating and a $71.00 target price for the company. Stifel Nicolaus decreased their target price on EQT Midstream Partners from $90.00 to $89.00 and set a “buy” rating for the company in a research report on Friday, February 16th. ValuEngine lowered EQT Midstream Partners from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Seaport Global Securities lowered EQT Midstream Partners from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 20th. Finally, Barclays decreased their target price on EQT Midstream Partners from $85.00 to $83.00 and set an “overweight” rating for the company in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $84.20.
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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.
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