EQT Midstream Partners LP (EQM) Position Reduced by Federated Investors Inc. PA

Federated Investors Inc. PA cut its stake in shares of EQT Midstream Partners LP (NYSE:EQM) by 50.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,000 shares of the company’s stock after selling 10,000 shares during the period. Federated Investors Inc. PA’s holdings in EQT Midstream Partners were worth $767,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in EQM. Tiedemann Wealth Management LLC increased its stake in EQT Midstream Partners by 14.0% in the third quarter. Tiedemann Wealth Management LLC now owns 22,436 shares of the company’s stock valued at $1,711,000 after buying an additional 2,751 shares during the last quarter. BlackRock Advisors LLC increased its stake in EQT Midstream Partners by 43.9% in the third quarter. BlackRock Advisors LLC now owns 226,416 shares of the company’s stock valued at $17,251,000 after buying an additional 69,110 shares during the last quarter. JPMorgan Chase & Co. increased its stake in EQT Midstream Partners by 3.5% in the third quarter. JPMorgan Chase & Co. now owns 913,542 shares of the company’s stock valued at $69,603,000 after buying an additional 31,029 shares during the last quarter. Conning Inc. increased its stake in EQT Midstream Partners by 0.7% in the third quarter. Conning Inc. now owns 38,658 shares of the company’s stock valued at $2,945,000 after buying an additional 278 shares during the last quarter. Finally, Endurance Wealth Management Inc. increased its stake in EQT Midstream Partners by 6.5% in the third quarter. Endurance Wealth Management Inc. now owns 41,139 shares of the company’s stock valued at $3,173,000 after buying an additional 2,500 shares during the last quarter. Institutional investors own 72.60% of the company’s stock.

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

Shares of EQT Midstream Partners LP (NYSE:EQM) opened at 77.62 on Tuesday. EQT Midstream Partners LP has a one year low of $69.15 and a one year high of $82.99. The firm has a market capitalization of $6.25 billion, a P/E ratio of 14.90 and a beta of 0.91. The company’s 50 day moving average price is $79.45 and its 200 day moving average price is $76.30.

EQT Midstream Partners (NYSE:EQM) last released its quarterly earnings data on Thursday, February 2nd. The company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by $0.03. EQT Midstream Partners had a net margin of 67.66% and a return on equity of 26.15%. The firm earned $195.01 million during the quarter, compared to analysts’ expectations of $191.84 million. During the same quarter in the previous year, the firm posted $1.26 EPS. EQT Midstream Partners’s revenue was up 14.2% compared to the same quarter last year. On average, analysts expect that EQT Midstream Partners LP will post $5.44 EPS for the current fiscal year.

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EQM has been the subject of several research analyst reports. Zacks Investment Research raised EQT Midstream Partners from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Wednesday, November 30th. Janney Montgomery Scott initiated coverage on EQT Midstream Partners in a report on Thursday, January 26th. They issued a “buy” rating and a $97.00 price objective for the company. Royal Bank of Canada reissued a “buy” rating and issued a $98.00 price objective on shares of EQT Midstream Partners in a report on Friday. Morgan Stanley raised EQT Midstream Partners from an “equal weight” rating to a “buy” rating and increased their price objective for the company from $87.00 to $89.00 in a report on Tuesday, February 14th. Finally, Scotiabank reissued a “hold” rating and issued a $92.00 price objective on shares of EQT Midstream Partners in a report on Monday, February 6th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. EQT Midstream Partners presently has a consensus rating of “Buy” and an average target price of $90.00.

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.

5 Day Chart for NYSE:EQM

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