31,462 Shares in EQT Midstream Partners LP (EQM) Acquired by Green Square Capital LLC

Green Square Capital LLC purchased a new position in EQT Midstream Partners LP (NYSE:EQM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 31,462 shares of the pipeline company’s stock, valued at approximately $2,300,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Beach Investment Management LLC. bought a new position in shares of EQT Midstream Partners in the 4th quarter worth $879,000. Allianz Asset Management GmbH raised its position in shares of EQT Midstream Partners by 25.8% in the 4th quarter. Allianz Asset Management GmbH now owns 174,594 shares of the pipeline company’s stock worth $12,762,000 after acquiring an additional 35,800 shares in the last quarter. Atlantic Trust Group LLC raised its position in shares of EQT Midstream Partners by 42.7% in the 3rd quarter. Atlantic Trust Group LLC now owns 70,584 shares of the pipeline company’s stock worth $5,292,000 after acquiring an additional 21,105 shares in the last quarter. FDx Advisors Inc. raised its position in shares of EQT Midstream Partners by 15.3% in the 4th quarter. FDx Advisors Inc. now owns 7,765 shares of the pipeline company’s stock worth $568,000 after acquiring an additional 1,030 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its position in shares of EQT Midstream Partners by 806.5% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 41,700 shares of the pipeline company’s stock worth $3,126,000 after acquiring an additional 37,100 shares in the last quarter. 71.31% of the stock is owned by hedge funds and other institutional investors.

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EQT Midstream Partners LP (EQM) opened at $57.66 on Friday. EQT Midstream Partners LP has a 1 year low of $56.81 and a 1 year high of $79.93. The stock has a market capitalization of $4,791.39, a PE ratio of 11.46, a P/E/G ratio of 0.92 and a beta of 0.92. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.69 and a current ratio of 0.69.

EQT Midstream Partners (NYSE:EQM) last announced its quarterly earnings data on Thursday, February 15th. The pipeline company reported $1.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.27). The firm had revenue of $224.51 million during the quarter, compared to analyst estimates of $226.22 million. EQT Midstream Partners had a net margin of 63.33% and a return on equity of 25.24%. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.31 earnings per share. equities analysts predict that EQT Midstream Partners LP will post 5.39 earnings per share for the current fiscal year.

Several research analysts recently issued reports on EQM shares. Credit Suisse Group started coverage on EQT Midstream Partners in a research report on Friday, January 5th. They set a “neutral” rating and a $71.00 target price on the stock. Stifel Nicolaus reduced their target price on EQT Midstream Partners from $90.00 to $89.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Morgan Stanley reduced their target price on EQT Midstream Partners from $83.00 to $77.00 and set an “overweight” rating on the stock in a research report on Friday, March 16th. ValuEngine lowered EQT Midstream Partners from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Seaport Global Securities lowered EQT Midstream Partners from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 20th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $81.30.

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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.

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

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