EQM Midstream Partners LP Plans Quarterly Dividend of $1.16 (NYSE:EQM)

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EQM Midstream Partners LP (NYSE:EQM) declared a quarterly dividend on Tuesday, October 22nd, Fidelity reports. Investors of record on Friday, November 1st will be paid a dividend of 1.16 per share by the pipeline company on Wednesday, November 13th. This represents a $4.64 annualized dividend and a yield of 14.70%. The ex-dividend date of this dividend is Thursday, October 31st.

EQM stock traded down $0.06 during midday trading on Tuesday, reaching $31.57. The company had a trading volume of 501,781 shares, compared to its average volume of 789,660. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.43 and a quick ratio of 0.43. EQM Midstream Partners has a 1 year low of $28.44 and a 1 year high of $51.15. The company has a market capitalization of $6.74 billion, a P/E ratio of 6.23 and a beta of 0.97. The firm has a 50-day moving average price of $32.10 and a 200-day moving average price of $38.72.

EQM Midstream Partners (NYSE:EQM) last released its quarterly earnings results on Tuesday, July 30th. The pipeline company reported $0.93 EPS for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.04). EQM Midstream Partners had a return on equity of 16.66% and a net margin of 32.78%. The company had revenue of $406.17 million during the quarter, compared to analysts’ expectations of $401.94 million. On average, equities analysts predict that EQM Midstream Partners will post 4.73 EPS for the current year.

A number of equities analysts have commented on the stock. ValuEngine raised shares of EQM Midstream Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Credit Suisse Group cut their price target on shares of EQM Midstream Partners from $45.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, August 1st. Stifel Nicolaus set a $46.00 price target on shares of EQM Midstream Partners and gave the stock a “hold” rating in a research note on Wednesday, July 31st. UBS Group raised shares of EQM Midstream Partners from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Thursday, September 26th. Finally, Royal Bank of Canada set a $42.00 price target on shares of EQM Midstream Partners and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. EQM Midstream Partners currently has a consensus rating of “Hold” and a consensus price target of $47.18.

EQM Midstream Partners Company Profile

EQM Midstream Partners, LP owns, operates, acquires, and develops midstream assets in the Appalachian Basin. It operates through three segments: Gathering, Transmission, and Water. As of December 31, 2018, the company owned approximately 700 miles of high-pressure gathering lines and 1,500 miles of Federal Energy Regulatory Commission (FERC) regulated low-pressure gathering lines; approximately 950 miles of FERC regulated interstate pipelines; and approximately 160 miles of pipelines.

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Dividend History for EQM Midstream Partners (NYSE:EQM)

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