EQT Midstream Partners, LP (EQM) Lowered to “Buy” at US Capital Advisors

US Capital Advisors lowered shares of EQT Midstream Partners, LP (NYSE:EQM) from a buy rating to a buy rating in a report published on Friday.

A number of other analysts also recently weighed in on EQM. Stifel Nicolaus reiterated a hold rating and issued a $79.00 price target on shares of EQT Midstream Partners, in a research report on Friday, July 21st. Scotiabank set a $94.00 price target on shares of EQT Midstream Partners, and gave the company a hold rating in a research report on Saturday, July 22nd. BidaskClub downgraded shares of EQT Midstream Partners, from a hold rating to a sell rating in a research report on Tuesday, July 25th. Royal Bank Of Canada reiterated a buy rating and issued a $96.00 price target on shares of EQT Midstream Partners, in a research report on Tuesday, October 10th. Finally, Seaport Global Securities initiated coverage on shares of EQT Midstream Partners, in a research report on Tuesday, October 10th. They issued a buy rating and a $96.00 price target on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $90.83.

Shares of EQT Midstream Partners, (NYSE EQM) traded down $0.19 during trading hours on Friday, hitting $67.79. 234,127 shares of the company were exchanged, compared to its average volume of 254,962. The firm has a market cap of $5,580.00, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 1.01 and a beta of 0.94. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.52. EQT Midstream Partners, has a 1-year low of $66.87 and a 1-year high of $82.99.

EQT Midstream Partners, (NYSE:EQM) last announced its quarterly earnings results on Thursday, October 26th. The pipeline company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.02. The business had revenue of $207.20 million for the quarter, compared to the consensus estimate of $205.29 million. EQT Midstream Partners, had a net margin of 65.99% and a return on equity of 25.85%. EQT Midstream Partners,’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period last year, the company posted $1.23 EPS. equities analysts anticipate that EQT Midstream Partners, will post 5.59 earnings per share for the current year.

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The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Friday, November 3rd were issued a dividend of $0.98 per share. This is an increase from EQT Midstream Partners,’s previous quarterly dividend of $0.94. This represents a $3.92 annualized dividend and a yield of 5.78%. The ex-dividend date of this dividend was Thursday, November 2nd. EQT Midstream Partners,’s dividend payout ratio (DPR) is 74.95%.

A number of hedge funds have recently made changes to their positions in the business. California Public Employees Retirement System raised its holdings in EQT Midstream Partners, by 3.0% during the 3rd quarter. California Public Employees Retirement System now owns 131,729 shares of the pipeline company’s stock worth $9,876,000 after buying an additional 3,829 shares during the period. Janney Montgomery Scott LLC raised its holdings in EQT Midstream Partners, by 3.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 35,320 shares of the pipeline company’s stock worth $2,648,000 after buying an additional 1,051 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in EQT Midstream Partners, by 27.3% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,088 shares of the pipeline company’s stock worth $607,000 after buying an additional 1,736 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in EQT Midstream Partners, by 14.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 6,721 shares of the pipeline company’s stock worth $504,000 after buying an additional 842 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in EQT Midstream Partners, by 31.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 138,794 shares of the pipeline company’s stock worth $10,406,000 after buying an additional 33,094 shares during the period. Hedge funds and other institutional investors own 74.07% of the company’s stock.

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.

Analyst Recommendations for EQT Midstream Partners, (NYSE:EQM)

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