EQT Midstream Partners LP (NYSE:EQM) shares dropped 1.3% on Monday . The stock traded as low as $77.35 and last traded at $77.60, with a volume of 167,681 shares. The stock had previously closed at $78.64.

The firm has a 50-day moving average of $76.48 and a 200 day moving average of $73.33. The stock has a market capitalization of $6.02 billion and a P/E ratio of 15.76.

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

Other large investors have recently made changes to their positions in the company. Morgan Stanley increased its stake in shares of EQT Midstream Partners by 23.0% in the fourth quarter. Morgan Stanley now owns 2,902,264 shares of the company’s stock valued at $219,005,000 after buying an additional 542,268 shares during the period. Penserra Capital Management LLC purchased a new stake in shares of EQT Midstream Partners during the fourth quarter valued at $1,775,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of EQT Midstream Partners by 22.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 623,145 shares of the company’s stock valued at $47,023,000 after buying an additional 114,378 shares during the period. Liberty Mutual Group Asset Management Inc. increased its stake in EQT Midstream Partners by 154.8% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 108,349 shares of the company’s stock valued at $8,176,000 after buying an additional 65,827 shares during the last quarter. Finally, Chickasaw Capital Management LLC increased its stake in 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.

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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