EQT Midstream Partners, LP (NYSE:EQM) Shares Bought by Conning Inc.

Conning Inc. increased its stake in shares of EQT Midstream Partners, LP (NYSE:EQM) by 1.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 48,770 shares of the pipeline company’s stock after buying an additional 760 shares during the period. Conning Inc. owned approximately 0.06% of EQT Midstream Partners, worth $3,640,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in EQM. Homrich & Berg bought a new stake in EQT Midstream Partners, during the first quarter valued at approximately $313,000. Clinton Group Inc. acquired a new position in shares of EQT Midstream Partners, during the first quarter worth about $3,054,000. UBS Group AG boosted its position in shares of EQT Midstream Partners, by 5.9% in the first quarter. UBS Group AG now owns 1,446,191 shares of the pipeline company’s stock worth $111,212,000 after buying an additional 80,072 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of EQT Midstream Partners, by 11.2% in the first quarter. JPMorgan Chase & Co. now owns 1,069,702 shares of the pipeline company’s stock worth $82,261,000 after buying an additional 107,382 shares during the last quarter. Finally, Virtu Financial LLC boosted its position in shares of EQT Midstream Partners, by 203.4% in the second quarter. Virtu Financial LLC now owns 32,648 shares of the pipeline company’s stock worth $2,437,000 after buying an additional 21,886 shares during the last quarter. 76.45% of the stock is currently owned by institutional investors and hedge funds.

EQT Midstream Partners, LP (NYSE:EQM) opened at 73.61 on Monday. The company has a market capitalization of $5.93 billion, a PE ratio of 14.19 and a beta of 0.89. The firm has a 50-day moving average of $75.71 and a 200-day moving average of $76.40. EQT Midstream Partners, LP has a 52 week low of $69.20 and a 52 week high of $82.99.

EQT Midstream Partners, (NYSE:EQM) last posted its earnings results on Thursday, July 27th. The pipeline company reported $1.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.31 by $0.04. EQT Midstream Partners, had a return on equity of 25.61% and a net margin of 66.99%. The business had revenue of $199 million for the quarter, compared to the consensus estimate of $195 million. During the same period in the previous year, the firm earned $1.27 earnings per share. The company’s revenue was up 11.8% compared to the same quarter last year. Equities analysts expect that EQT Midstream Partners, LP will post $5.49 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Friday, August 4th will be issued a dividend of $0.935 per share. This represents a $3.74 dividend on an annualized basis and a yield of 5.08%. This is a positive change from EQT Midstream Partners,’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Wednesday, August 2nd. EQT Midstream Partners,’s payout ratio is presently 72.34%.

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EQM has been the topic of a number of recent research reports. Scotiabank reaffirmed a “hold” rating and issued a $94.00 price objective on shares of EQT Midstream Partners, in a research note on Friday, April 21st. ValuEngine cut shares of EQT Midstream Partners, from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. TheStreet cut shares of EQT Midstream Partners, from a “b” rating to a “c+” rating in a research note on Thursday, June 15th. Stifel Nicolaus reaffirmed a “hold” rating on shares of EQT Midstream Partners, in a research note on Friday, June 23rd. Finally, BidaskClub raised shares of EQT Midstream Partners, from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. EQT Midstream Partners, currently has an average rating of “Hold” and an average target price of $89.50.

EQT Midstream Partners, Company 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.

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

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