Conning Inc. Has $3.86 Million Stake in EQT Midstream Partners, LP (EQM)

Conning Inc. increased its position in EQT Midstream Partners, LP (NYSE:EQM) by 5.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,480 shares of the pipeline company’s stock after buying an additional 2,710 shares during the period. Conning Inc. owned about 0.06% of EQT Midstream Partners, worth $3,859,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EQM. Linscomb & Williams Inc. grew its holdings in EQT Midstream Partners, by 0.3% in the second quarter. Linscomb & Williams Inc. now owns 4,134 shares of the pipeline company’s stock valued at $309,000 after purchasing an additional 12 shares during the period. Pointe Capital Management LLC grew its holdings in EQT Midstream Partners, by 0.5% in the second quarter. Pointe Capital Management LLC now owns 21,095 shares of the pipeline company’s stock valued at $1,574,000 after purchasing an additional 109 shares during the period. Covenant Asset Management LLC grew its holdings in EQT Midstream Partners, by 5.9% in the second quarter. Covenant Asset Management LLC now owns 3,970 shares of the pipeline company’s stock valued at $296,000 after purchasing an additional 220 shares during the period. Veritable L.P. grew its holdings in EQT Midstream Partners, by 5.0% in the second quarter. Veritable L.P. now owns 5,680 shares of the pipeline company’s stock valued at $424,000 after purchasing an additional 269 shares during the period. Finally, SG Americas Securities LLC grew its holdings in EQT Midstream Partners, by 1.5% in the second quarter. SG Americas Securities LLC now owns 37,873 shares of the pipeline company’s stock valued at $2,826,000 after purchasing an additional 573 shares during the period. 73.32% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on the stock. BidaskClub downgraded shares of EQT Midstream Partners, from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Stifel Nicolaus restated a “hold” rating and issued a $79.00 target price on shares of EQT Midstream Partners, in a report on Friday, July 21st. TheStreet upgraded shares of EQT Midstream Partners, from a “c+” rating to a “b-” rating in a research note on Wednesday, July 19th. Seaport Global Securities assumed coverage on shares of EQT Midstream Partners, in a research note on Tuesday, October 10th. They set a “buy” rating and a $96.00 price objective for the company. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $96.00 price objective on shares of EQT Midstream Partners, in a research note on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. EQT Midstream Partners, has an average rating of “Hold” and a consensus target price of $91.50.

EQT Midstream Partners, LP (EQM) traded up 0.5509% on Wednesday, hitting $73.4625. 39,215 shares of the stock were exchanged. EQT Midstream Partners, LP has a one year low of $68.76 and a one year high of $82.99. The company has a market cap of $5.92 billion, a P/E ratio of 14.1601 and a beta of 0.88. The company’s 50 day moving average price is $74.17 and its 200-day moving average price is $74.65.

EQT Midstream Partners, (NYSE:EQM) last announced its quarterly earnings results on Thursday, October 26th. The pipeline company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.26 by $0.02. EQT Midstream Partners, had a return on equity of 25.85% and a net margin of 65.99%. The company had revenue of $207.20 million for the quarter, compared to the consensus estimate of $205.29 million. During the same quarter last year, the company posted $1.23 earnings per share. The company’s revenue for the quarter was up 17.2% compared to the same quarter last year. Equities research analysts predict that EQT Midstream Partners, LP will post $5.53 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Friday, November 3rd will be issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 5.37%. The ex-dividend date of this dividend is Thursday, November 2nd. This is an increase from EQT Midstream Partners,’s previous quarterly dividend of $0.94. EQT Midstream Partners,’s dividend payout ratio (DPR) is 71.65%.

TRADEMARK VIOLATION WARNING: “Conning Inc. Has $3.86 Million Stake in EQT Midstream Partners, LP (EQM)” was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://sportsperspectives.com/2017/11/01/conning-inc-has-3-86-million-stake-in-eqt-midstream-partners-lp-eqm.html.

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)

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

Latest News

Leave a Reply