Kayne Anderson Capital Advisors LP cut its stake in shares of EQM Midstream Partners LP (NYSE:EQM) by 9.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,479,461 shares of the pipeline company’s stock after selling 161,120 shares during the period. EQM Midstream Partners comprises approximately 0.8% of Kayne Anderson Capital Advisors LP’s holdings, making the stock its 25th largest position. Kayne Anderson Capital Advisors LP owned approximately 0.71% of EQM Midstream Partners worth $48,372,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Planning lifted its stake in EQM Midstream Partners by 10.3% in the second quarter. Creative Planning now owns 9,200 shares of the pipeline company’s stock valued at $411,000 after acquiring an additional 857 shares during the last quarter. Invesco Ltd. lifted its stake in EQM Midstream Partners by 7,335.8% in the second quarter. Invesco Ltd. now owns 9,020,819 shares of the pipeline company’s stock valued at $403,051,000 after acquiring an additional 8,899,503 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in EQM Midstream Partners by 6.6% in the second quarter. CIBC Private Wealth Group LLC now owns 1,977,712 shares of the pipeline company’s stock valued at $88,365,000 after acquiring an additional 122,814 shares during the last quarter. First Republic Investment Management Inc. lifted its stake in EQM Midstream Partners by 4.1% in the second quarter. First Republic Investment Management Inc. now owns 13,147 shares of the pipeline company’s stock valued at $587,000 after acquiring an additional 520 shares during the last quarter. Finally, Groesbeck Investment Management Corp NJ lifted its stake in EQM Midstream Partners by 105.1% in the second quarter. Groesbeck Investment Management Corp NJ now owns 36,500 shares of the pipeline company’s stock valued at $1,631,000 after acquiring an additional 18,700 shares during the last quarter. 37.25% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the stock. Credit Suisse Group reduced their target price on shares of EQM Midstream Partners from $45.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, August 1st. UBS Group upgraded shares of EQM Midstream Partners from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Thursday, September 26th. Barclays set a $40.00 price objective on shares of EQM Midstream Partners and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Royal Bank of Canada set a $42.00 price objective on shares of EQM Midstream Partners and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus set a $46.00 price objective on shares of EQM Midstream Partners and gave the stock a “hold” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $47.18.

Shares of EQM Midstream Partners stock traded down $0.28 on Friday, reaching $26.36. The stock had a trading volume of 1,075,053 shares, compared to its average volume of 722,463. The business’s 50-day moving average price is $31.85 and its two-hundred day moving average price is $37.90. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.43 and a current ratio of 0.43. EQM Midstream Partners LP has a fifty-two week low of $25.51 and a fifty-two week high of $51.15. The stock has a market cap of $5.83 billion, a P/E ratio of 5.20 and a beta of 0.96.

EQM Midstream Partners (NYSE:EQM) last released its earnings results on Tuesday, November 5th. The pipeline company reported $1.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.24. The firm had revenue of $408.40 million during the quarter, compared to analysts’ expectations of $408.98 million. EQM Midstream Partners had a net margin of 18.00% and a return on equity of 18.31%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.14 EPS. As a group, equities analysts forecast that EQM Midstream Partners LP will post 4.76 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Friday, November 1st will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 17.60%. The ex-dividend date is Thursday, October 31st. EQM Midstream Partners’s payout ratio is currently 91.52%.

About EQM Midstream Partners

EQM Midstream Partners, LP owns, operates, acquires, and develops midstream assets in the Appalachian Basin. It operates through three segments: Gathering, Transmission, and Water. As of December 31, 2018, the company owned approximately 700 miles of high-pressure gathering lines and 1,500 miles of Federal Energy Regulatory Commission (FERC) regulated low-pressure gathering lines; approximately 950 miles of FERC regulated interstate pipelines; and approximately 160 miles of pipelines.

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

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