EQT Midstream Partners LP (EQM) Shares Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY lessened its holdings in shares of EQT Midstream Partners LP (NYSE:EQM) by 2.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 503,839 shares of the pipeline company’s stock after selling 14,327 shares during the period. Miller Howard Investments Inc. NY owned 0.58% of EQT Midstream Partners worth $26,593,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in EQM. Keybank National Association OH raised its position in shares of EQT Midstream Partners by 26.2% during the second 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 during the period. Goodwin Daniel L raised its position in shares of EQT Midstream Partners by 8.4% during the third 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 during the period. Tortoise Index Solutions LLC raised its position in shares of EQT Midstream Partners by 16.2% during the second 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 during the period. Janney Montgomery Scott LLC raised its position in shares of EQT Midstream Partners by 2.7% during the second 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 during the period. Finally, Botty Investors LLC raised its position in shares of EQT Midstream Partners by 14.7% during the third 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 during the period. Institutional investors own 66.17% of the company’s stock.

NYSE:EQM opened at $45.10 on Tuesday. 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 $4.04 billion, a P/E ratio of 9.13 and a beta of 1.07. EQT Midstream Partners LP has a 52-week low of $44.01 and a 52-week high of $77.97.



EQT Midstream Partners (NYSE:EQM) last posted its quarterly earnings data on Thursday, October 25th. The pipeline company reported $1.14 earnings per share (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 the consensus estimate of $356.99 million. EQT Midstream Partners had a return on equity of 22.30% and a net margin of 60.71%. On average, research analysts predict that EQT Midstream Partners LP will post 5.76 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 14th. Investors of record on Friday, November 2nd will be issued a dividend of $1.115 per share. The ex-dividend date of this dividend is Thursday, November 1st. This is an increase from EQT Midstream Partners’s previous quarterly dividend of $1.09. This represents a $4.46 dividend on an annualized basis and a dividend yield of 9.89%. EQT Midstream Partners’s dividend payout ratio (DPR) is presently 84.01%.

A number of equities research analysts have recently commented on the company. Bank of America dropped their price target on EQT Midstream Partners from $64.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 21st. Morgan Stanley dropped their price target on EQT Midstream Partners from $71.00 to $65.00 and set an “overweight” rating on the stock in a research report on Friday, July 13th. Barclays dropped their price target on EQT Midstream Partners from $68.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 11th. Credit Suisse Group assumed coverage on EQT Midstream Partners in a report on Thursday, October 11th. They set a “neutral” rating and a $57.00 price objective for the company. Finally, LADENBURG THALM/SH SH decreased their price objective on EQT Midstream Partners from $81.00 to $29.00 and set a “buy” rating for the company in a report on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $62.43.

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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