EQT Midstream Partners LP (EQM) Position Increased by BB&T Securities LLC

BB&T Securities LLC increased its position in shares of EQT Midstream Partners LP (NYSE:EQM) by 15.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,895 shares of the pipeline company’s stock after buying an additional 4,242 shares during the period. BB&T Securities LLC’s holdings in EQT Midstream Partners were worth $2,331,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EQM. The Manufacturers Life Insurance Company raised its position in EQT Midstream Partners by 49.6% during the second quarter. The Manufacturers Life Insurance Company now owns 3,613 shares of the pipeline company’s stock worth $269,000 after acquiring an additional 1,198 shares during the period. BNP Paribas Arbitrage SA raised its position in EQT Midstream Partners by 30.1% during the third quarter. BNP Paribas Arbitrage SA now owns 5,524 shares of the pipeline company’s stock worth $414,000 after acquiring an additional 1,279 shares during the period. Bank of New York Mellon Corp raised its position in EQT Midstream Partners by 9.7% during the third quarter. Bank of New York Mellon Corp now owns 16,657 shares of the pipeline company’s stock worth $1,249,000 after acquiring an additional 1,478 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in EQT Midstream Partners by 50.0% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,000 shares of the pipeline company’s stock worth $450,000 after acquiring an additional 2,000 shares during the period. Finally, JPMorgan Chase & Co. raised its position in EQT Midstream Partners by 20.8% during the third quarter. JPMorgan Chase & Co. now owns 1,271,917 shares of the pipeline company’s stock worth $93,817,000 after acquiring an additional 219,261 shares during the period. 71.31% of the stock is currently owned by hedge funds and other institutional investors.

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A number of equities analysts have weighed in on the stock. Zacks Investment Research cut shares of EQT Midstream Partners from a “hold” rating to a “sell” rating in a research report on Thursday, January 18th. Stifel Nicolaus set a $90.00 price objective on shares of EQT Midstream Partners and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Bank of America assumed coverage on shares of 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. Credit Suisse Group assumed 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 for the company. Finally, ValuEngine cut shares of EQT Midstream Partners from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. EQT Midstream Partners has an average rating of “Hold” and an average target price of $81.30.

Shares of EQT Midstream Partners LP (EQM) opened at $57.43 on Monday. The company has a market cap of $4,627.82, a PE ratio of 11.07, a PEG ratio of 0.84 and a beta of 0.92. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.69 and a quick ratio of 0.69. EQT Midstream Partners LP has a 12-month low of $56.81 and a 12-month high of $79.93.

EQT Midstream Partners (NYSE:EQM) last issued its earnings results on Thursday, February 15th. The pipeline company reported $1.28 EPS for the quarter, missing the Zacks’ consensus estimate of $1.55 by ($0.27). The business 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%. EQT Midstream Partners’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the company earned $1.31 earnings per share. sell-side analysts anticipate that EQT Midstream Partners LP will post 5.67 EPS for the current fiscal 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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