Diversified Trust Co boosted its stake in shares of EQT Midstream Partners LP (NYSE:EQM) by 25.8% during the second quarter, Holdings Channel reports. The institutional investor owned 28,221 shares of the company’s stock after buying an additional 5,791 shares during the period. Diversified Trust Co’s holdings in EQT Midstream Partners were worth $2,266,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Zions Bancorporation purchased a new position in shares of EQT Midstream Partners during the first quarter valued at $113,000. TPH Asset Management LLC increased its position in shares of EQT Midstream Partners by 36.9% in the first quarter. TPH Asset Management LLC now owns 451,809 shares of the company’s stock valued at $32,995,000 after buying an additional 121,722 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of EQT Midstream Partners during the first quarter valued at $2,791,000. Uniplan Investment Counsel Inc. purchased a new position in shares of EQT Midstream Partners during the first quarter valued at $2,550,000. Finally, Quadrature Capital Ltd purchased a new position in shares of EQT Midstream Partners during the first quarter valued at $799,000.

Shares of EQT Midstream Partners LP (NYSE:EQM) traded up 1.05% during midday trading on Thursday, reaching $78.20. 230,435 shares of the company traded hands. The stock has a 50 day moving average price of $77.91 and a 200 day moving average price of $76.16. The firm has a market capitalization of $6.30 billion, a PE ratio of 15.47 and a beta of 0.94. EQT Midstream Partners LP has a 1-year low of $56.52 and a 1-year high of $80.63.

EQT Midstream Partners (NYSE:EQM) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.12. The business earned $172 million during the quarter, compared to analyst estimates of $172.47 million. EQT Midstream Partners’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.12 EPS. Analysts expect that EQT Midstream Partners LP will post $5.06 earnings per share for the current fiscal year.

Several equities analysts have weighed in on the stock. Credit Suisse Group AG reaffirmed a “neutral” rating on shares of EQT Midstream Partners in a report on Tuesday, August 16th. Zacks Investment Research raised shares of EQT Midstream Partners from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Finally, Morgan Stanley reissued a “hold” rating and issued a $83.00 target price on shares of EQT Midstream Partners in a report on Wednesday. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. EQT Midstream Partners has an average rating of “Buy” and an average price target of $89.85.

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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