Trade Report: Today, EQT Midstream Partners LP (EQM) Position Maintained by BB&T Corp

Today, EQT Midstream Partners LP (EQM) Position Maintained by BB&T Corp

BB&T Corp held its stake in shares of EQT Midstream Partners LP (NYSE:EQM) during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 10,000 shares of the company’s stock at the end of the third quarter. BB&T Corp’s holdings in EQT Midstream Partners were worth $762,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Americafirst Capital Management LLC bought a new stake in shares of EQT Midstream Partners during the second quarter valued at $130,000. Quantbot Technologies LP raised its position in shares of EQT Midstream Partners by 46.4% in the third quarter. Quantbot Technologies LP now owns 1,731 shares of the company’s stock valued at $131,000 after buying an additional 549 shares during the last quarter. CENTRAL TRUST Co raised its position in shares of EQT Midstream Partners by 31.3% in the second quarter. CENTRAL TRUST Co now owns 1,699 shares of the company’s stock valued at $136,000 after buying an additional 405 shares during the last quarter. Solaris Asset Management LLC raised its position in shares of EQT Midstream Partners by 28.1% in the second quarter. Solaris Asset Management LLC now owns 2,050 shares of the company’s stock valued at $165,000 after buying an additional 450 shares during the last quarter. Finally, Creative Planning raised its position in shares of EQT Midstream Partners by 45.8% in the third quarter. Creative Planning now owns 2,294 shares of the company’s stock valued at $175,000 after buying an additional 721 shares during the last quarter.

Shares of EQT Midstream Partners LP (NYSE:EQM) traded down 0.80% during mid-day trading on Friday, reaching $74.30. The company’s stock had a trading volume of 73,756 shares. The stock has a market capitalization of $5.99 billion, a P/E ratio of 14.45 and a beta of 0.94. The company’s 50-day moving average price is $74.66 and its 200-day moving average price is $76.42. EQT Midstream Partners LP has a 12-month low of $56.52 and a 12-month high of $80.63.

EQT Midstream Partners (NYSE:EQM) last released its earnings results on Thursday, October 27th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.05. The company earned $170.84 million during the quarter, compared to analysts’ expectations of $176.24 million. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the business posted $1.12 earnings per share. On average, equities research analysts forecast that EQT Midstream Partners LP will post $5.22 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Friday, November 4th were issued a $0.815 dividend. The ex-dividend date of this dividend was Wednesday, November 2nd. This is a positive change from EQT Midstream Partners’s previous quarterly dividend of $0.78. This represents a $3.26 dividend on an annualized basis and a yield of 4.39%.

Several brokerages have recently commented on EQM. Stifel Nicolaus boosted their price objective on EQT Midstream Partners from $78.00 to $82.00 and gave the stock a “hold” rating in a report on Friday, October 14th. Zacks Investment Research lowered EQT Midstream Partners from a “buy” rating to a “hold” rating in a report on Monday. Credit Suisse Group AG reissued a “neutral” rating on shares of EQT Midstream Partners in a report on Tuesday, August 16th. Morgan Stanley reissued a “hold” rating and set a $83.00 price objective on shares of EQT Midstream Partners in a report on Wednesday, September 21st. Finally, Deutsche Bank AG reissued a “buy” rating on shares of EQT Midstream Partners in a report on Friday, October 14th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. EQT Midstream Partners currently has an average rating of “Hold” and a consensus target price of $83.81.

EQT Midstream Partners Company Profile

EQT Midstream Partners, LP (EQM) owns, operates, acquires and develops midstream assets in the Appalachian Basin. The Company operates through two segments: Transmission and storage, which includes its Federal Energy Regulatory Commission (FERC)-regulated interstate pipeline and storage business, and Gathering, which includes high pressure gathering lines and the FERC-regulated low pressure gathering system.

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