Catawba Capital Management VA Sells 5,760 Shares of EQT Midstream Partners LP (EQM)

Catawba Capital Management VA trimmed its stake in shares of EQT Midstream Partners LP (NYSE:EQM) by 56.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,440 shares of the pipeline company’s stock after selling 5,760 shares during the quarter. Catawba Capital Management VA’s holdings in EQT Midstream Partners were worth $325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Linscomb & Williams Inc. lifted its position in EQT Midstream Partners by 0.3% during the 2nd quarter. Linscomb & Williams Inc. now owns 4,134 shares of the pipeline company’s stock worth $309,000 after acquiring an additional 12 shares during the period. Veritable L.P. lifted its position in EQT Midstream Partners by 5.0% during the 2nd quarter. Veritable L.P. now owns 5,680 shares of the pipeline company’s stock worth $424,000 after acquiring an additional 269 shares during the period. Alliancebernstein L.P. lifted its position in EQT Midstream Partners by 5.9% during the 2nd quarter. Alliancebernstein L.P. now owns 14,356 shares of the pipeline company’s stock worth $1,071,000 after acquiring an additional 803 shares during the period. Oppenheimer Asset Management Inc. lifted its position in EQT Midstream Partners by 14.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 6,721 shares of the pipeline company’s stock worth $504,000 after acquiring an additional 842 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in EQT Midstream Partners by 3.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 35,320 shares of the pipeline company’s stock worth $2,648,000 after acquiring an additional 1,051 shares during the period. 73.78% of the stock is owned by institutional investors.

A number of analysts have weighed in on the company. Zacks Investment Research cut EQT Midstream Partners from a “hold” rating to a “sell” rating in a research report on Thursday. Stifel Nicolaus set a $90.00 price objective on EQT Midstream Partners and gave the stock a “buy” rating in a research report on Wednesday. Seaport Global Securities assumed coverage on EQT Midstream Partners in a research report on Tuesday, October 10th. They set a “buy” rating and a $96.00 price objective for the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $96.00 price objective on shares of EQT Midstream Partners in a research report on Tuesday, October 10th. Finally, Bank of America assumed coverage on EQT Midstream Partners in a research report on Tuesday, January 9th. They set a “buy” rating and a $89.00 price objective for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. EQT Midstream Partners presently has a consensus rating of “Hold” and an average target price of $89.50.

EQT Midstream Partners LP (EQM) opened at $76.51 on Friday. The stock has a market capitalization of $6,280.00, a P/E ratio of 14.63, a PEG ratio of 1.08 and a beta of 0.90. EQT Midstream Partners LP has a one year low of $64.42 and a one year high of $82.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.90 and a current ratio of 0.90.

EQT Midstream Partners (NYSE:EQM) last issued its earnings results on Thursday, October 26th. The pipeline company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.02. The business had revenue of $207.20 million during the quarter, compared to the consensus estimate of $205.29 million. EQT Midstream Partners had a return on equity of 25.85% and a net margin of 65.99%. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.23 EPS. research analysts anticipate that EQT Midstream Partners LP will post 5.33 earnings per share for the current year.

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EQT Midstream Partners 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.

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

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