EQT Midstream Partners, LP (NYSE:EQM) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $67.84 and last traded at $68.08, with a volume of 250300 shares. The stock had previously closed at $69.28.

A number of brokerages recently issued reports on EQM. Scotiabank set a $94.00 price target on EQT Midstream Partners, and gave the stock a “hold” rating in a research note on Saturday, July 22nd. BidaskClub lowered EQT Midstream Partners, from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Stifel Nicolaus reissued a “hold” rating and set a $79.00 price target on shares of EQT Midstream Partners, in a research note on Friday, July 21st. Seaport Global Securities began coverage on EQT Midstream Partners, in a research note on Tuesday, October 10th. They set a “buy” rating and a $96.00 price target for the company. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $96.00 price target on shares of EQT Midstream Partners, in a research note on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $91.50.

The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $5,471.50, a PE ratio of 13.01, a price-to-earnings-growth ratio of 1.01 and a beta of 0.93.

EQT Midstream Partners, (NYSE:EQM) last issued its earnings results on Thursday, October 26th. The pipeline company reported $1.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.02. The business had revenue of $207.20 million during the quarter, compared to analyst estimates of $205.29 million. EQT Midstream Partners, had a return on equity of 25.85% and a net margin of 65.99%. EQT Midstream Partners,’s revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.23 EPS. research analysts anticipate that EQT Midstream Partners, LP will post 5.59 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Friday, November 3rd were given a dividend of $0.98 per share. The ex-dividend date of this dividend was Thursday, November 2nd. This is a positive change from EQT Midstream Partners,’s previous quarterly dividend of $0.94. This represents a $3.92 dividend on an annualized basis and a yield of 5.77%. EQT Midstream Partners,’s payout ratio is 75.10%.

A number of hedge funds and other institutional investors have recently modified their holdings of EQM. Bank of New York Mellon Corp raised its position in EQT Midstream Partners, by 7.2% during the 1st quarter. Bank of New York Mellon Corp now owns 24,884 shares of the pipeline company’s stock valued at $1,913,000 after purchasing an additional 1,679 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of EQT Midstream Partners, by 40.6% in the 1st quarter. Alliancebernstein L.P. now owns 13,553 shares of the pipeline company’s stock valued at $1,042,000 after acquiring an additional 3,913 shares during the period. Renaissance Technologies LLC purchased a new position in shares of EQT Midstream Partners, in the 1st quarter valued at $7,040,000. Creative Planning increased its holdings in shares of EQT Midstream Partners, by 22.6% in the 2nd quarter. Creative Planning now owns 7,210 shares of the pipeline company’s stock valued at $538,000 after acquiring an additional 1,330 shares during the period. Finally, Round Table Services LLC increased its holdings in shares of EQT Midstream Partners, by 23.6% in the 2nd quarter. Round Table Services LLC now owns 3,925 shares of the pipeline company’s stock valued at $293,000 after acquiring an additional 750 shares during the period. 74.07% of the stock is owned by institutional investors and hedge funds.

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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.

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