BlackRock Advisors LLC reduced its position in shares of EQT Midstream Partners LP (NYSE:EQM) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 157,306 shares of the company’s stock after selling 1,610 shares during the period. BlackRock Advisors LLC owned approximately 0.20% of EQT Midstream Partners worth $12,632,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Zions Bancorporation bought a new stake in EQT Midstream Partners during the first quarter worth approximately $113,000. Americafirst Capital Management LLC bought a new stake in EQT Midstream Partners during the second quarter worth approximately $130,000. CENTRAL TRUST Co raised its stake in EQT Midstream Partners by 31.3% in the second quarter. CENTRAL TRUST Co now owns 1,699 shares of the company’s stock worth $136,000 after buying an additional 405 shares during the last quarter. Solaris Asset Management LLC raised its stake in EQT Midstream Partners by 28.1% in the second quarter. Solaris Asset Management LLC now owns 2,050 shares of the company’s stock worth $165,000 after buying an additional 450 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new stake in EQT Midstream Partners during the second quarter worth approximately $203,000.
Shares of EQT Midstream Partners LP (NYSE:EQM) opened at 75.60 on Thursday. The company’s 50-day moving average price is $77.71 and its 200-day moving average price is $76.38. The stock has a market cap of $6.09 billion, a PE ratio of 14.95 and a beta of 0.94. EQT Midstream Partners LP has a one year low of $56.52 and a one year high of $80.63.
EQT Midstream Partners (NYSE:EQM) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.12. The company had revenue of $172 million for the quarter, compared to analysts’ expectations of $172.47 million. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.12 EPS. Equities research analysts anticipate that EQT Midstream Partners LP will post $5.06 earnings per share for the current year.
EQM has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded EQT Midstream Partners from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 27th. Morgan Stanley restated a “hold” rating and issued a $83.00 price objective on shares of EQT Midstream Partners in a research note on Wednesday, September 21st. Finally, Credit Suisse Group AG restated a “neutral” rating on shares of EQT Midstream Partners in a research note on Tuesday, August 16th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $89.75.
EQT Midstream Partners Company Profile
EQT Midstream Partners, LP (EQM) owns, operates, acquires and develops midstream assets in the Appalachian Basin. The Company operates through two segments: Transmission and storage, which includes its Federal Energy Regulatory Commission (FERC)-regulated interstate pipeline and storage business, and Gathering, which includes high pressure gathering lines and the FERC-regulated low pressure gathering system.
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