EQT Midstream Partners LP (NYSE:EQM) fell 0.3% during mid-day trading on Friday . The company traded as low as $77.74 and last traded at $77.92, with a volume of 71,091 shares trading hands. The stock had previously closed at $78.12.

Separately, Stifel Nicolaus began coverage on shares of EQT Midstream Partners in a report on Thursday, March 17th. They set a “hold” rating for the company. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $90.68.

The firm has a market capitalization of $6.09 billion and a PE ratio of 15.92. The stock has a 50-day moving average of $76.01 and a 200-day moving average of $73.12.

EQT Midstream Partners (NYSE:EQM) last issued its quarterly earnings results on Thursday, April 28th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.20. The business earned $180.60 million during the quarter, compared to analyst estimates of $167.42 million. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.18 earnings per share. On average, equities research analysts expect that EQT Midstream Partners LP will post $4.90 EPS for the current fiscal year.

A number of large investors have modified their holdings of EQM. Chickasaw Capital Management LLC raised its stake in shares of EQT Midstream Partners by 8.5% in the fourth quarter. Chickasaw Capital Management LLC now owns 1,332,730 shares of the company’s stock valued at $100,568,000 after buying an additional 104,485 shares during the last quarter. Jennison Associates LLC raised its stake in shares of EQT Midstream Partners by 142.1% in the fourth quarter. Jennison Associates LLC now owns 92,797 shares of the company’s stock valued at $7,002,000 after buying an additional 54,469 shares during the last quarter. Advantus Capital Management Inc acquired a new stake in shares of EQT Midstream Partners during the fourth quarter valued at about $2,332,000. Fort Washington Investment Advisors Inc. OH raised its stake in shares of EQT Midstream Partners by 16.8% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 77,100 shares of the company’s stock valued at $5,818,000 after buying an additional 11,100 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of EQT Midstream Partners by 13.5% in the fourth quarter. Wells Fargo & Company MN now owns 33,757 shares of the company’s stock valued at $2,547,000 after buying an additional 4,015 shares during the last quarter.

EQT Midstream Partners, LP (the Partnership) owns, operates, acquires and develops midstream assets in the Appalachian Basin. The Partnership provides all of its natural gas transmission, storage and gathering services under contracts with long-term, firm reservation and/or usage fees. The Partnership’s operations are primarily focused in southwestern Pennsylvania and northern West Virginia, a location in the core of the developing natural gas shale play known as the Marcellus Shale.

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