Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Equitrans Midstream (NASDAQ:ETRN) during the fourth quarter, Holdings Channel reports. The firm acquired 20,507 shares of the company’s stock, valued at approximately $411,000.

A number of other hedge funds have also recently bought and sold shares of the business. Strs Ohio bought a new position in Equitrans Midstream during the fourth quarter valued at $49,000. Sit Investment Associates Inc. bought a new position in Equitrans Midstream during the fourth quarter valued at $99,000. World Asset Management Inc bought a new position in Equitrans Midstream during the fourth quarter valued at $203,000. Oakbrook Investments LLC bought a new position in Equitrans Midstream during the fourth quarter valued at $224,000. Finally, Mycio Wealth Partners LLC bought a new position in Equitrans Midstream during the fourth quarter valued at $226,000.

NASDAQ ETRN opened at $18.96 on Friday. Equitrans Midstream has a 12 month low of $18.25 and a 12 month high of $23.47.

The business also recently declared a special dividend, which will be paid on Wednesday, February 27th. Stockholders of record on Friday, February 15th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Thursday, February 14th.

A number of research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Equitrans Midstream from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Wednesday, January 9th. LADENBURG THALM/SH SH assumed coverage on shares of Equitrans Midstream in a research report on Monday, November 19th. They set a “buy” rating and a $26.00 price objective on the stock. Credit Suisse Group assumed coverage on shares of Equitrans Midstream in a research report on Friday, December 14th. They set a “neutral” rating and a $25.00 price objective on the stock. Wolfe Research assumed coverage on shares of Equitrans Midstream in a research report on Tuesday, November 20th. They set an “outperform” rating and a $25.00 price objective on the stock. Finally, Barclays assumed coverage on shares of Equitrans Midstream in a research report on Friday, December 7th. They set an “equal weight” rating and a $23.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $24.17.

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Equitrans Midstream Profile

Equitrans Midstream Corp. is a wholly-owned subsidiary of EQT. It doesn’t have business operations. The company was founded on February 21, 2018 and is headquartered in Canonsburg, PA.

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Institutional Ownership by Quarter for Equitrans Midstream (NASDAQ:ETRN)

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