EQT Midstream Partners LP (EQM) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA boosted its holdings in EQT Midstream Partners LP (NYSE:EQM) by 21.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,116,213 shares of the pipeline company’s stock after acquiring an additional 374,036 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in EQT Midstream Partners were worth $111,694,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the business. Guggenheim Capital LLC increased its position in shares of EQT Midstream Partners by 31.0% in the first quarter. Guggenheim Capital LLC now owns 31,477 shares of the pipeline company’s stock valued at $1,858,000 after buying an additional 7,450 shares in the last quarter. Royal Bank of Canada increased its position in shares of EQT Midstream Partners by 13.8% in the first quarter. Royal Bank of Canada now owns 23,302 shares of the pipeline company’s stock valued at $1,376,000 after buying an additional 2,818 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of EQT Midstream Partners by 15.5% in the first quarter. Allianz Asset Management GmbH now owns 201,695 shares of the pipeline company’s stock valued at $11,906,000 after buying an additional 27,101 shares in the last quarter. Suntrust Banks Inc. purchased a new position in shares of EQT Midstream Partners in the first quarter valued at $442,000. Finally, Spirit of America Management Corp NY increased its position in shares of EQT Midstream Partners by 31.4% in the second quarter. Spirit of America Management Corp NY now owns 186,815 shares of the pipeline company’s stock valued at $9,638,000 after buying an additional 44,600 shares in the last quarter. Hedge funds and other institutional investors own 66.17% of the company’s stock.

EQM opened at $45.61 on Wednesday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.69. The firm has a market cap of $4.04 billion, a P/E ratio of 8.79 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 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.07). The company had revenue of $364.58 million for the quarter, compared to analyst estimates of $356.99 million. EQT Midstream Partners had a net margin of 60.71% and a return on equity of 22.30%. Equities analysts predict that EQT Midstream Partners LP will post 5.81 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 14th. Investors of record on Friday, November 2nd will be paid a dividend of $1.115 per share. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $4.46 dividend on an annualized basis and a dividend yield of 9.78%. This is a positive change from EQT Midstream Partners’s previous quarterly dividend of $1.09. EQT Midstream Partners’s dividend payout ratio (DPR) is presently 84.01%.

EQM has been the subject of a number of research analyst reports. Citigroup dropped their price target on EQT Midstream Partners to $64.00 and set an “overweight” rating for the company in a research report on Tuesday, September 25th. LADENBURG THALM/SH SH dropped their price target on EQT Midstream Partners from $81.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, August 17th. Morgan Stanley dropped their price target on EQT Midstream Partners from $65.00 to $61.00 and set an “overweight” rating for the company in a research report on Friday, August 17th. Stifel Nicolaus dropped their price target on EQT Midstream Partners from $61.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, October 9th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $61.00 price target on shares of EQT Midstream Partners in a research report on Friday, July 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $61.64.

EQT Midstream Partners Company 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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