EQT Midstream Partners, LP (EQM) Shares Bought by Pointe Capital Management LLC

Pointe Capital Management LLC increased its stake in shares of EQT Midstream Partners, LP (NYSE:EQM) by 0.5% during the second quarter, Holdings Channel reports. The firm owned 21,095 shares of the pipeline company’s stock after buying an additional 109 shares during the period. EQT Midstream Partners, comprises about 1.1% of Pointe Capital Management LLC’s investment portfolio, making the stock its 21st largest position. Pointe Capital Management LLC’s holdings in EQT Midstream Partners, were worth $1,574,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of EQM. Global X Management Co. LLC raised its stake in shares of EQT Midstream Partners, by 28.8% in the second quarter. Global X Management Co. LLC now owns 364,808 shares of the pipeline company’s stock valued at $27,226,000 after buying an additional 81,556 shares during the period. IFP Advisors Inc raised its stake in shares of EQT Midstream Partners, by 120.5% in the second quarter. IFP Advisors Inc now owns 1,808 shares of the pipeline company’s stock valued at $135,000 after buying an additional 988 shares during the period. Sei Investments Co. raised its stake in shares of EQT Midstream Partners, by 8.6% in the second quarter. Sei Investments Co. now owns 117,198 shares of the pipeline company’s stock valued at $8,746,000 after buying an additional 9,300 shares during the period. K.J. Harrison & Partners Inc bought a new stake in shares of EQT Midstream Partners, during the second quarter valued at about $448,000. Finally, State of New Jersey Common Pension Fund D raised its stake in shares of EQT Midstream Partners, by 28.7% in the second quarter. State of New Jersey Common Pension Fund D now owns 87,900 shares of the pipeline company’s stock valued at $6,560,000 after buying an additional 19,600 shares during the period. Hedge funds and other institutional investors own 75.72% of the company’s stock.

Shares of EQT Midstream Partners, LP (NYSE EQM) opened at 73.30 on Thursday. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 14.13 and a beta of 0.89. The firm’s 50-day moving average is $75.58 and its 200-day moving average is $76.43. EQT Midstream Partners, LP has a 52 week low of $69.20 and a 52 week high of $82.99.

EQT Midstream Partners, (NYSE:EQM) last released its quarterly earnings data on Thursday, July 27th. The pipeline company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.31 by $0.04. The firm had revenue of $199 million during the quarter, compared to analyst estimates of $195 million. EQT Midstream Partners, had a net margin of 66.99% and a return on equity of 25.61%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.27 earnings per share. On average, equities research analysts anticipate that EQT Midstream Partners, LP will post $5.49 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Friday, August 4th will be paid a $0.935 dividend. This is a positive change from EQT Midstream Partners,’s previous quarterly dividend of $0.89. This represents a $3.74 annualized dividend and a dividend yield of 5.10%. The ex-dividend date of this dividend is Wednesday, August 2nd. EQT Midstream Partners,’s payout ratio is currently 72.34%.

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Several brokerages recently issued reports on EQM. BidaskClub lowered shares of EQT Midstream Partners, from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. TheStreet upgraded shares of EQT Midstream Partners, from a “c+” rating to a “b-” rating in a report on Wednesday, July 19th. Scotiabank set a $94.00 price objective on shares of EQT Midstream Partners, and gave the company a “hold” rating in a report on Saturday, July 22nd. Stifel Nicolaus restated a “hold” rating and issued a $79.00 price objective on shares of EQT Midstream Partners, in a report on Friday, July 21st. Finally, Morgan Stanley boosted their price objective on shares of EQT Midstream Partners, from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $89.50.

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.

Want to see what other hedge funds are holding EQM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EQT Midstream Partners, LP (NYSE:EQM).

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

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