EQT Midstream Partners LP (NYSE:EQM) declared a quarterly dividend on Monday, January 22nd, Wall Street Journal reports. Shareholders of record on Friday, February 2nd will be given a dividend of 1.025 per share by the pipeline company on Wednesday, February 14th. This represents a $4.10 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date of this dividend is Thursday, February 1st. This is an increase from EQT Midstream Partners’s previous quarterly dividend of $0.98.

EQT Midstream Partners has raised its dividend by an average of 21.9% per year over the last three years and has increased its dividend annually for the last 5 consecutive years. EQT Midstream Partners has a dividend payout ratio of 73.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect EQT Midstream Partners to earn $6.00 per share next year, which means the company should continue to be able to cover its $3.92 annual dividend with an expected future payout ratio of 65.3%.

EQT Midstream Partners (NYSE:EQM) opened at $77.15 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $6,165.31, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 1.06 and a beta of 0.89. EQT Midstream Partners has a one year low of $64.42 and a one year high of $82.99.

EQT Midstream Partners (NYSE:EQM) last posted its quarterly earnings data on Thursday, October 26th. The pipeline company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.02. The company had revenue of $207.20 million for the quarter, compared to analyst estimates of $205.29 million. EQT Midstream Partners had a return on equity of 25.85% and a net margin of 65.99%. The business’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.23 earnings per share. sell-side analysts expect that EQT Midstream Partners will post 5.32 EPS for the current year.

A number of research firms have commented on EQM. Zacks Investment Research lowered EQT Midstream Partners from a “hold” rating to a “sell” rating in a research note on Thursday, January 18th. Bank of America initiated coverage on EQT Midstream Partners in a research note on Tuesday, January 9th. They issued a “buy” rating and a $89.00 price objective on the stock. Seaport Global Securities initiated coverage on EQT Midstream Partners in a research note on Tuesday, October 10th. They set a “buy” rating and a $96.00 price target on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $96.00 price target on shares of EQT Midstream Partners in a research note on Tuesday, October 10th. Finally, Stifel Nicolaus set a $90.00 price target on EQT Midstream Partners and gave the company a “buy” rating in a research note on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $89.50.

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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.

Dividend History for EQT Midstream Partners (NYSE:EQM)

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