Chicago Partners Investment Group LLC lifted its position in EQT Midstream Partners LP (NYSE:EQM) by 410.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,372 shares of the pipeline company’s stock after purchasing an additional 22,818 shares during the period. Chicago Partners Investment Group LLC’s holdings in EQT Midstream Partners were worth $2,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Institutional & Family Asset Management LLC bought a new position in shares of EQT Midstream Partners during the third quarter worth $1,528,000. California Public Employees Retirement System boosted its position in shares of EQT Midstream Partners by 3.0% during the third quarter. California Public Employees Retirement System now owns 131,729 shares of the pipeline company’s stock worth $9,876,000 after acquiring an additional 3,829 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of EQT Midstream Partners by 3.1% during the third quarter. Janney Montgomery Scott LLC now owns 35,320 shares of the pipeline company’s stock worth $2,648,000 after acquiring an additional 1,051 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of EQT Midstream Partners by 27.3% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,088 shares of the pipeline company’s stock worth $607,000 after acquiring an additional 1,736 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of EQT Midstream Partners by 14.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 6,721 shares of the pipeline company’s stock worth $504,000 after acquiring an additional 842 shares during the last quarter. 73.74% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on the stock. Seaport Global Securities assumed coverage on shares of EQT Midstream Partners in a research report on Tuesday, October 10th. They set a “buy” rating and a $96.00 target price for the company. Royal Bank of Canada reiterated a “buy” rating and set a $96.00 price objective on shares of EQT Midstream Partners in a research report on Tuesday, October 10th. Stifel Nicolaus set a $79.00 price objective on shares of EQT Midstream Partners and gave the company a “hold” rating in a research report on Friday, August 25th. BidaskClub upgraded shares of EQT Midstream Partners from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Zacks Investment Research lowered shares of EQT Midstream Partners from a “hold” rating to a “strong sell” rating in a research report on Monday, October 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. EQT Midstream Partners currently has an average rating of “Hold” and a consensus target price of $90.83.

EQT Midstream Partners LP (NYSE:EQM) traded up $0.89 during mid-day trading on Friday, reaching $72.51. 404,000 shares of the company’s stock traded hands, compared to its average volume of 261,259. EQT Midstream Partners LP has a fifty-two week low of $64.42 and a fifty-two week high of $82.99. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $5,771.27, a price-to-earnings ratio of 13.72, a P/E/G ratio of 1.06 and a beta of 0.89.

EQT Midstream Partners (NYSE:EQM) last released its earnings results on Thursday, October 26th. The pipeline company reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.02. The firm had revenue of $207.20 million during the quarter, compared to analyst estimates of $205.29 million. EQT Midstream Partners had a net margin of 65.99% and a return on equity of 25.85%. The business’s revenue was up 17.2% on a year-over-year basis. During the same quarter last year, the business earned $1.23 EPS. research analysts anticipate that EQT Midstream Partners LP will post 5.63 EPS for the current fiscal year.

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About EQT Midstream Partners

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

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