EQT Midstream Partners LP (EQM) Stake Lowered by Diversified Trust Co

Diversified Trust Co decreased its position in shares of EQT Midstream Partners LP (NYSE:EQM) by 33.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 17,754 shares of the pipeline company’s stock after selling 9,096 shares during the period. Diversified Trust Co’s holdings in EQT Midstream Partners were worth $1,298,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Creative Planning lifted its position in EQT Midstream Partners by 19.2% during the fourth quarter. Creative Planning now owns 20,549 shares of the pipeline company’s stock valued at $1,502,000 after purchasing an additional 3,314 shares during the period. Bank of Montreal Can lifted its position in EQT Midstream Partners by 5.6% during the fourth quarter. Bank of Montreal Can now owns 977,455 shares of the pipeline company’s stock valued at $71,452,000 after purchasing an additional 52,000 shares during the period. Starfire Investment Advisers Inc. bought a new position in EQT Midstream Partners during the fourth quarter valued at approximately $1,167,000. Walnut Private Equity Partners LLC lifted its position in EQT Midstream Partners by 59.1% during the fourth quarter. Walnut Private Equity Partners LLC now owns 22,893 shares of the pipeline company’s stock valued at $1,640,000 after purchasing an additional 8,500 shares during the period. Finally, Chickasaw Capital Management LLC lifted its position in EQT Midstream Partners by 4.0% during the fourth quarter. Chickasaw Capital Management LLC now owns 1,296,011 shares of the pipeline company’s stock valued at $94,738,000 after purchasing an additional 50,292 shares during the period. Hedge funds and other institutional investors own 73.78% of the company’s stock.

EQT Midstream Partners LP (NYSE:EQM) opened at $76.51 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.90 and a quick ratio of 0.90. EQT Midstream Partners LP has a 52-week low of $64.42 and a 52-week high of $82.99. The firm has a market cap of $6,151.61, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 1.06 and a beta of 0.89.

EQT Midstream Partners (NYSE:EQM) last released its quarterly earnings results on Thursday, October 26th. The pipeline company reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.02. EQT Midstream Partners had a net margin of 65.99% and a return on equity of 25.85%. The business had revenue of $207.20 million for the quarter, compared to the consensus estimate of $205.29 million. During the same period last year, the firm earned $1.23 earnings per share. The company’s quarterly revenue was up 17.2% on a year-over-year basis. sell-side analysts predict that EQT Midstream Partners LP will post 5.32 EPS for the current fiscal year.

EQM has been the topic of a number of research analyst reports. Credit Suisse Group initiated coverage on shares of EQT Midstream Partners in a research report on Friday, January 5th. They set a “neutral” rating and a $71.00 price objective on the stock. Zacks Investment Research downgraded shares of EQT Midstream Partners from a “hold” rating to a “strong sell” rating in a research report on Monday, October 16th. ValuEngine downgraded shares of EQT Midstream Partners from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Mitsubishi UFJ Financial Group restated an “overweight” rating on shares of EQT Midstream Partners in a research report on Thursday, October 26th. Finally, Morgan Stanley lowered their price objective on shares of EQT Midstream Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, November 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $89.50.

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About EQT Midstream Partners

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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