Commerzbank Aktiengesellschaft FI Makes New Investment in Equitrans Midstream (NASDAQ:ETRN)

Commerzbank Aktiengesellschaft FI acquired a new position in shares of Equitrans Midstream (NASDAQ:ETRN) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,702 shares of the company’s stock, valued at approximately $156,000.

A number of other hedge funds have also bought and sold shares of ETRN. Steward Partners Investment Advisory LLC bought a new stake in shares of Equitrans Midstream in the 2nd quarter valued at approximately $25,000. Marshall Wace North America L.P. bought a new stake in shares of Equitrans Midstream in the 1st quarter valued at approximately $72,000. Machina Capital S.A.S. bought a new stake in shares of Equitrans Midstream in the 2nd quarter valued at approximately $80,000. BNP Paribas Arbitrage SA bought a new stake in shares of Equitrans Midstream in the 2nd quarter valued at approximately $104,000. Finally, Bank of Montreal Can increased its holdings in shares of Equitrans Midstream by 11.4% in the 2nd quarter. Bank of Montreal Can now owns 9,156 shares of the company’s stock valued at $181,000 after acquiring an additional 935 shares during the last quarter.

NASDAQ:ETRN opened at $14.75 on Friday. Equitrans Midstream has a 12-month low of $12.31 and a 12-month high of $23.47. The business has a 50 day simple moving average of $14.03 and a 200 day simple moving average of $17.56.

Equitrans Midstream (NASDAQ:ETRN) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.18. The company had revenue of $406.17 million for the quarter, compared to analyst estimates of $413.30 million.

In other Equitrans Midstream news, CFO Kirk R. Oliver purchased 13,700 shares of Equitrans Midstream stock in a transaction on Monday, August 5th. The stock was bought at an average price of $16.10 per share, for a total transaction of $220,570.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Margaret K. Dorman purchased 7,750 shares of Equitrans Midstream stock in a transaction on Thursday, August 1st. The shares were acquired at an average price of $16.11 per share, with a total value of $124,852.50. The disclosure for this purchase can be found here. Insiders have purchased a total of 121,450 shares of company stock valued at $1,956,423 in the last 90 days.

A number of brokerages have recently weighed in on ETRN. Royal Bank of Canada set a $19.00 price target on Equitrans Midstream and gave the company a “hold” rating in a report on Wednesday, July 31st. Barclays reiterated a “hold” rating and issued a $19.00 price target on shares of Equitrans Midstream in a report on Wednesday, October 16th. UBS Group upgraded Equitrans Midstream from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 25th. Finally, Zacks Investment Research lowered Equitrans Midstream from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $21.11.

About Equitrans Midstream

Equitrans Midstream Corp. is a wholly-owned subsidiary of EQT. It doesn’t have business operations. The company was founded on February 21, 2018 and is headquartered in Canonsburg, PA.

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Institutional Ownership by Quarter for Equitrans Midstream (NASDAQ:ETRN)

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