Diversified Trust Co boosted its position in EQT Midstream Partners LP (NYSE:EQM) by 25.8% during the second quarter, Holdings Channel reports. The firm 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 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Zions Bancorporation purchased a new stake in EQT Midstream Partners during the first quarter worth $113,000. Americafirst Capital Management LLC purchased a new stake in EQT Midstream Partners during the second quarter worth $130,000. First Republic Investment Management Inc. purchased a new stake in EQT Midstream Partners during the first quarter worth $205,000. Chicago Partners Investment Group LLC raised its stake in EQT Midstream Partners by 1,507.9% in the first quarter. Chicago Partners Investment Group LLC now owns 3,666 shares of the company’s stock worth $273,000 after buying an additional 3,438 shares during the period. Finally, Botty Investors LLC purchased a new stake in EQT Midstream Partners during the second quarter worth $300,000.

EQT Midstream Partners LP (NYSE:EQM) traded up 1.05% during trading on Thursday, hitting $78.20. 230,435 shares of the company traded hands. The stock 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 52 week low of $56.52 and a 52 week high of $80.63. The company’s 50 day moving average is $77.91 and its 200-day moving average is $76.16.

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, beating the consensus estimate of $1.15 by $0.12. The firm had revenue of $172 million for the quarter, compared to analysts’ expectations of $172.47 million. During the same period in the prior year, the firm earned $1.12 EPS. EQT Midstream Partners’s revenue for the quarter was up 18.9% compared to the same quarter last year. Analysts predict that EQT Midstream Partners LP will post $5.06 earnings per share for the current year.

EQM has been the topic of a number of analyst reports. Morgan Stanley reaffirmed a “hold” rating and set a $83.00 target price on shares of EQT Midstream Partners in a report on Wednesday. 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, Credit Suisse Group AG reaffirmed a “neutral” rating on shares of EQT Midstream Partners in a report on Tuesday, August 16th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. EQT Midstream Partners currently has a consensus rating of “Buy” and a consensus target price 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.

5 Day Chart for NYSE:EQM

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