Infrastructure Capital Advisors LLC boosted its stake in shares of EQT Midstream Partners LP (NYSE:EQM) by 0.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 423,569 shares of the pipeline company’s stock after purchasing an additional 1,193 shares during the period. EQT Midstream Partners makes up approximately 2.5% of Infrastructure Capital Advisors LLC’s portfolio, making the stock its 13th biggest holding. Infrastructure Capital Advisors LLC’s holdings in EQT Midstream Partners were worth $25,003,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Neuberger Berman Group LLC raised its stake in shares of EQT Midstream Partners by 10.9% in the 1st quarter. Neuberger Berman Group LLC now owns 3,433,206 shares of the pipeline company’s stock valued at $202,662,000 after acquiring an additional 338,115 shares during the period. Kayne Anderson Capital Advisors LP raised its stake in shares of EQT Midstream Partners by 6.6% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 2,671,595 shares of the pipeline company’s stock valued at $195,277,000 after acquiring an additional 164,303 shares during the period. JPMorgan Chase & Co. raised its stake in shares of EQT Midstream Partners by 45.9% in the 1st quarter. JPMorgan Chase & Co. now owns 1,954,024 shares of the pipeline company’s stock valued at $115,347,000 after acquiring an additional 614,562 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of EQT Midstream Partners by 5.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,643,813 shares of the pipeline company’s stock valued at $97,034,000 after acquiring an additional 81,733 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of EQT Midstream Partners by 11.1% in the 1st quarter. American Century Companies Inc. now owns 1,152,541 shares of the pipeline company’s stock valued at $68,034,000 after acquiring an additional 114,684 shares during the period. 72.70% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Michael A. Bryson acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, May 29th. The stock was bought at an average cost of $55.53 per share, with a total value of $55,530.00. Following the acquisition, the director now directly owns 1,175 shares in the company, valued at $65,247.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

EQT Midstream Partners opened at $58.43 on Thursday, Marketbeat reports. EQT Midstream Partners LP has a 12-month low of $50.89 and a 12-month high of $78.75. The firm has a market cap of $4.70 billion, a P/E ratio of 11.26 and a beta of 0.90. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.59.

EQT Midstream Partners (NYSE:EQM) last released its quarterly earnings results on Thursday, April 26th. The pipeline company reported $1.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.19. EQT Midstream Partners had a net margin of 65.11% and a return on equity of 26.35%. The firm had revenue of $232.80 million for the quarter, compared to the consensus estimate of $232.38 million. During the same quarter in the previous year, the firm posted $1.36 EPS. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. equities analysts expect that EQT Midstream Partners LP will post 5.69 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Shareholders of record on Friday, May 4th were issued a dividend of $1.065 per share. This is a positive change from EQT Midstream Partners’s previous quarterly dividend of $1.03. This represents a $4.26 annualized dividend and a yield of 7.29%. The ex-dividend date was Thursday, May 3rd. EQT Midstream Partners’s dividend payout ratio (DPR) is currently 82.08%.

EQM has been the topic of a number of research reports. Stifel Nicolaus cut their target price on shares of EQT Midstream Partners from $90.00 to $89.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. Deutsche Bank initiated coverage on shares of EQT Midstream Partners in a research note on Friday, April 20th. They issued a “buy” rating and a $78.00 target price on the stock. Morgan Stanley cut their target price on shares of EQT Midstream Partners from $83.00 to $77.00 and set an “overweight” rating on the stock in a research note on Friday, March 16th. Seaport Global Securities downgraded shares of EQT Midstream Partners from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 20th. Finally, Barclays cut their target price on shares of EQT Midstream Partners from $85.00 to $83.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 27th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $75.73.

EQT Midstream Partners Company Profile

EQT Midstream Partners, LP provides natural gas gathering, transmission, and storage services in Pennsylvania, West Virginia, and Ohio. The company owns, operates, acquires, and develops midstream assets in the Appalachian Basin. The company also owned approximately 300 miles of high pressure gathering lines and 1,500 miles of federal energy regulatory commission (FERC) regulated low pressure gathering lines; and approximately 950 miles of FERC regulated interstate pipelines.

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Institutional Ownership by Quarter for EQT Midstream Partners (NYSE:EQM)

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