FFT Wealth Management LLC held its stake in EQT Midstream Partners, LP (NYSE:EQM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,973 shares of the pipeline company’s stock at the end of the second quarter. FFT Wealth Management LLC’s holdings in EQT Midstream Partners, were worth $446,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. ING Groep NV raised its stake in EQT Midstream Partners, by 248.4% in the second quarter. ING Groep NV now owns 695,000 shares of the pipeline company’s stock worth $51,868,000 after buying an additional 495,500 shares during the period. Marshall Wace North America L.P. raised its stake in EQT Midstream Partners, by 282.2% in the second quarter. Marshall Wace North America L.P. now owns 488,401 shares of the pipeline company’s stock worth $36,630,000 after buying an additional 360,601 shares during the period. Hamlin Capital Management LLC raised its stake in EQT Midstream Partners, by 26.6% in the second quarter. Hamlin Capital Management LLC now owns 1,116,129 shares of the pipeline company’s stock worth $83,297,000 after buying an additional 234,542 shares during the period. Bank of Montreal Can raised its stake in EQT Midstream Partners, by 25.4% in the second quarter. Bank of Montreal Can now owns 1,092,190 shares of the pipeline company’s stock worth $81,510,000 after buying an additional 221,005 shares during the period. Finally, American Century Companies Inc. raised its stake in EQT Midstream Partners, by 36.3% in the first quarter. American Century Companies Inc. now owns 771,081 shares of the pipeline company’s stock worth $59,296,000 after buying an additional 205,327 shares during the period. 73.44% of the stock is currently owned by institutional investors.

Shares of EQT Midstream Partners, LP (EQM) traded down 0.41% during trading on Wednesday, reaching $73.47. 6,207 shares of the company’s stock were exchanged. The company has a 50 day moving average of $75.40 and a 200 day moving average of $76.06. EQT Midstream Partners, LP has a 12-month low of $69.20 and a 12-month high of $82.99. The stock has a market cap of $5.92 billion, a P/E ratio of 14.16 and a beta of 0.89.

EQT Midstream Partners, (NYSE:EQM) last posted its quarterly earnings results on Thursday, July 27th. The pipeline company reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by $0.04. The business had revenue of $199 million during the quarter, compared to analysts’ expectations of $195 million. EQT Midstream Partners, had a net margin of 66.99% and a return on equity of 25.61%. The company’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.27 EPS. Equities research analysts anticipate that EQT Midstream Partners, LP will post $5.50 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Friday, August 4th were paid a dividend of $0.935 per share. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $3.74 dividend on an annualized basis and a dividend yield of 5.07%. 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 currently 72.34%.

ILLEGAL ACTIVITY NOTICE: “EQT Midstream Partners, LP (EQM) Position Held by FFT Wealth Management LLC” was originally posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.watchlistnews.com/eqt-midstream-partners-lp-eqm-position-held-by-fft-wealth-management-llc/1531658.html.

A number of equities analysts have commented on EQM shares. ValuEngine downgraded shares of EQT Midstream Partners, from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Scotiabank set a $94.00 target price on shares of EQT Midstream Partners, and gave the stock a “hold” rating in a research note on Saturday, July 22nd. TheStreet downgraded shares of EQT Midstream Partners, from a “b” rating to a “c+” rating in a research note on Thursday, June 15th. Stifel Nicolaus restated a “hold” rating on shares of EQT Midstream Partners, in a research note on Friday, June 23rd. Finally, BidaskClub upgraded shares of EQT Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $89.50.

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.

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

Receive News & Ratings for EQT Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT Midstream Partners LP and related companies with Analyst Ratings Network's FREE daily email newsletter.