Stifel Nicolaus set a $79.00 price target on EQT Midstream Partners, LP (NYSE:EQM) in a report released on Friday. The firm currently has a hold rating on the pipeline company’s stock.

Other analysts have also issued reports about the stock. BidaskClub lowered shares of EQT Midstream Partners, from a sell rating to a strong sell rating in a research report on Wednesday, August 16th. Morgan Stanley increased their price target on shares of EQT Midstream Partners, from $86.00 to $87.00 and gave the stock an overweight rating in a research report on Friday, July 14th. TheStreet lowered shares of EQT Midstream Partners, from a b rating to a c+ rating in a research report on Thursday, June 15th. Scotiabank set a $94.00 price target on shares of EQT Midstream Partners, and gave the stock a hold rating in a research report on Saturday, July 22nd. Finally, ValuEngine lowered shares of EQT Midstream Partners, from a buy rating to a hold rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $89.50.

Shares of EQT Midstream Partners, (NYSE EQM) opened at 74.27 on Friday. EQT Midstream Partners, has a 12-month low of $69.20 and a 12-month high of $82.99. The firm has a 50-day moving average of $75.40 and a 200-day moving average of $76.06. The firm has a market cap of $5.98 billion, a P/E ratio of 14.32 and a beta of 0.89.

EQT Midstream Partners, (NYSE:EQM) last announced its earnings results on Thursday, July 27th. The pipeline company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.31 by $0.04. EQT Midstream Partners, had a return on equity of 25.61% and a net margin of 66.99%. The firm had revenue of $199 million during the quarter, compared to analyst estimates of $195 million. During the same quarter in the previous year, the business earned $1.27 earnings per share. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities analysts forecast that EQT Midstream Partners, will post $5.50 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Friday, August 4th were given a dividend of $0.935 per share. This represents a $3.74 annualized dividend and a yield of 5.04%. The ex-dividend date of this dividend was Wednesday, August 2nd. This is a positive change from EQT Midstream Partners,’s previous quarterly dividend of $0.89. EQT Midstream Partners,’s dividend payout ratio (DPR) is presently 72.34%.

A number of institutional investors have recently modified their holdings of EQM. Linscomb & Williams Inc. raised its position in shares of EQT Midstream Partners, by 0.3% in the second quarter. Linscomb & Williams Inc. now owns 4,134 shares of the pipeline company’s stock valued at $309,000 after buying an additional 12 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of EQT Midstream Partners, by 7.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 38,866 shares of the pipeline company’s stock valued at $2,901,000 after buying an additional 2,831 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of EQT Midstream Partners, by 49.6% in the second quarter. The Manufacturers Life Insurance Company now owns 3,613 shares of the pipeline company’s stock valued at $269,000 after buying an additional 1,198 shares during the last quarter. Friedberg Investment Management raised its position in shares of EQT Midstream Partners, by 88.4% in the second quarter. Friedberg Investment Management now owns 24,120 shares of the pipeline company’s stock valued at $1,800,000 after buying an additional 11,320 shares during the last quarter. Finally, Veritable L.P. raised its position in shares of EQT Midstream Partners, by 5.0% in the second quarter. Veritable L.P. now owns 5,680 shares of the pipeline company’s stock valued at $424,000 after buying an additional 269 shares during the last quarter. 73.44% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for EQT Midstream Partners, (NYSE:EQM)

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