Shares of EQT Midstream Partners, LP (NYSE:EQM) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $67.84 and last traded at $68.08, with a volume of 250300 shares changing hands. The stock had previously closed at $69.28.

EQM has been the subject of a number of research analyst reports. TheStreet upgraded EQT Midstream Partners, from a “c+” rating to a “b-” rating in a research report on Wednesday, July 19th. Scotiabank set a $94.00 price target on EQT Midstream Partners, and gave the company a “hold” rating in a research report on Saturday, July 22nd. Mitsubishi UFJ Financial Group reiterated an “overweight” rating on shares of EQT Midstream Partners, in a research report on Thursday, October 26th. Royal Bank Of Canada reiterated a “buy” rating and set a $96.00 price target on shares of EQT Midstream Partners, in a research report on Tuesday, October 10th. Finally, BidaskClub downgraded EQT Midstream Partners, from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $91.50.

The company has a market capitalization of $5,582.70, a PE ratio of 13.27, a price-to-earnings-growth ratio of 1.03 and a beta of 0.93. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.52.

EQT Midstream Partners, (NYSE:EQM) last released its earnings results on Thursday, October 26th. The pipeline company reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.02. The company had revenue of $207.20 million during the quarter, compared to the consensus estimate of $205.29 million. EQT Midstream Partners, had a return on equity of 25.85% and a net margin of 65.99%. EQT Midstream Partners,’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.23 EPS. equities analysts predict that EQT Midstream Partners, LP will post 5.59 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Friday, November 3rd were given a $0.98 dividend. This is an increase from EQT Midstream Partners,’s previous quarterly dividend of $0.94. The ex-dividend date was Thursday, November 2nd. This represents a $3.92 dividend on an annualized basis and a yield of 5.76%. EQT Midstream Partners,’s payout ratio is presently 75.10%.

A number of large investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System lifted its position in EQT Midstream Partners, by 3.0% in the 3rd quarter. California Public Employees Retirement System now owns 131,729 shares of the pipeline company’s stock worth $9,876,000 after buying an additional 3,829 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in EQT Midstream Partners, by 3.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 35,320 shares of the pipeline company’s stock worth $2,648,000 after purchasing an additional 1,051 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in EQT Midstream Partners, by 27.3% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,088 shares of the pipeline company’s stock worth $607,000 after purchasing an additional 1,736 shares during the period. Oppenheimer Asset Management Inc. increased its stake in EQT Midstream Partners, by 14.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 6,721 shares of the pipeline company’s stock worth $504,000 after purchasing an additional 842 shares during the period. Finally, Allianz Asset Management GmbH increased its stake in EQT Midstream Partners, by 31.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 138,794 shares of the pipeline company’s stock worth $10,406,000 after purchasing an additional 33,094 shares during the period. Institutional investors own 74.07% of the company’s stock.

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EQT Midstream Partners, Company Profile

EQT Midstream Partners, LP (EQM) owns, operates, acquires and develops midstream assets in the Appalachian Basin. The Company’s segments include Gathering and Transmission. The Gathering segment primarily includes high pressure gathering lines and the Federal Energy Regulatory Commission (FERC)-regulated low pressure gathering system.

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