Hartford Financial Management Inc. Reduces Position in Equitrans Midstream (NASDAQ:ETRN)

Share on StockTwits

Hartford Financial Management Inc. cut its position in Equitrans Midstream (NASDAQ:ETRN) by 15.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,802 shares of the company’s stock after selling 720 shares during the period. Hartford Financial Management Inc.’s holdings in Equitrans Midstream were worth $75,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Louisiana State Employees Retirement System increased its position in shares of Equitrans Midstream by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 54,500 shares of the company’s stock valued at $1,187,000 after purchasing an additional 500 shares during the last quarter. Boston Partners grew its position in shares of Equitrans Midstream by 0.4% in the 1st quarter. Boston Partners now owns 149,367 shares of the company’s stock valued at $3,253,000 after buying an additional 611 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Equitrans Midstream by 6.6% in the 1st quarter. CIBC Asset Management Inc now owns 11,123 shares of the company’s stock valued at $242,000 after buying an additional 693 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Equitrans Midstream by 8.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 10,792 shares of the company’s stock valued at $235,000 after buying an additional 886 shares during the last quarter. Finally, Retirement Systems of Alabama grew its position in shares of Equitrans Midstream by 0.4% in the 1st quarter. Retirement Systems of Alabama now owns 264,796 shares of the company’s stock valued at $5,767,000 after buying an additional 1,052 shares during the last quarter.

In other news, CFO Kirk R. Oliver bought 13,700 shares of Equitrans Midstream stock in a transaction dated Monday, August 5th. The stock was bought at an average price of $16.10 per share, for a total transaction of $220,570.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Margaret K. Dorman bought 7,750 shares of Equitrans Midstream stock in a transaction dated Thursday, August 1st. The stock was purchased at an average price of $16.11 per share, with a total value of $124,852.50. The disclosure for this purchase can be found here. Insiders bought a total of 121,450 shares of company stock valued at $1,956,423 in the last 90 days.

A number of research firms recently commented on ETRN. Royal Bank of Canada set a $19.00 target price on shares of Equitrans Midstream and gave the company a “hold” rating in a research report on Wednesday, July 31st. Zacks Investment Research downgraded shares of Equitrans Midstream from a “hold” rating to a “sell” rating in a research report on Monday, July 29th. Bank of America began coverage on shares of Equitrans Midstream in a research report on Monday, June 17th. They issued a “neutral” rating and a $21.00 target price on the stock. Finally, UBS Group began coverage on shares of Equitrans Midstream in a research report on Tuesday, August 6th. They issued a “neutral” rating and a $15.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Equitrans Midstream currently has a consensus rating of “Hold” and a consensus price target of $22.11.

Shares of NASDAQ:ETRN opened at $13.68 on Wednesday. Equitrans Midstream has a 1-year low of $13.13 and a 1-year high of $23.47. The stock’s fifty day simple moving average is $17.66.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Tuesday, August 13th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 13.16%. The ex-dividend date is Monday, August 12th.

Equitrans Midstream Profile

Equitrans Midstream Corp. is a wholly-owned subsidiary of EQT. It doesn’t have business operations. The company was founded on February 21, 2018 and is headquartered in Canonsburg, PA.

Featured Article: Penny Stocks, What You Need To Know

Institutional Ownership by Quarter for Equitrans Midstream (NASDAQ:ETRN)

Receive News & Ratings for Equitrans Midstream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equitrans Midstream and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Stifel Nicolaus Lowers Aurora Cannabis  to Sell
Stifel Nicolaus Lowers Aurora Cannabis to Sell
Viavi Solutions  Raised to “Hold” at Zacks Investment Research
Viavi Solutions Raised to “Hold” at Zacks Investment Research
BMO Capital Markets Reiterates C$16.79 Price Target for Dream Global REIT
BMO Capital Markets Reiterates C$16.79 Price Target for Dream Global REIT
Stephens Reiterates “Buy” Rating for UMB Financial
Stephens Reiterates “Buy” Rating for UMB Financial
Crescent Point Energy  Raised to Outperform at BMO Capital Markets
Crescent Point Energy Raised to Outperform at BMO Capital Markets
Barrick Gold  PT Raised to C$22.00
Barrick Gold PT Raised to C$22.00


© 2006-2019 Ticker Report