US Bancorp DE lowered its position in EQT Midstream Partners, LP (NYSE:EQM) by 1.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,007 shares of the pipeline company’s stock after selling 78 shares during the period. US Bancorp DE’s holdings in EQT Midstream Partners, were worth $598,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Neuberger Berman Group LLC boosted its stake in shares of EQT Midstream Partners, by 6.4% in the first quarter. Neuberger Berman Group LLC now owns 3,215,951 shares of the pipeline company’s stock worth $247,307,000 after buying an additional 192,411 shares during the last quarter. Morgan Stanley boosted its stake in shares of EQT Midstream Partners, by 1.4% in the first quarter. Morgan Stanley now owns 1,942,853 shares of the pipeline company’s stock worth $149,405,000 after buying an additional 27,614 shares during the last quarter. UBS Group AG boosted its stake in shares of EQT Midstream Partners, by 5.9% in the first quarter. UBS Group AG now owns 1,446,191 shares of the pipeline company’s stock worth $111,212,000 after buying an additional 80,072 shares during the last quarter. Chickasaw Capital Management LLC boosted its stake in shares of EQT Midstream Partners, by 14.5% in the first quarter. Chickasaw Capital Management LLC now owns 1,312,889 shares of the pipeline company’s stock worth $100,961,000 after buying an additional 166,231 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of 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 last quarter. 76.45% of the stock is owned by hedge funds and other institutional investors.

Shares of EQT Midstream Partners, LP (EQM) traded down 1.510% on Tuesday, hitting $73.385. The stock had a trading volume of 83,016 shares. The stock’s 50-day moving average price is $75.73 and its 200 day moving average price is $76.36. EQT Midstream Partners, LP has a 52 week low of $69.20 and a 52 week high of $82.99. The company has a market cap of $5.91 billion, a PE ratio of 14.145 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 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.31 by $0.04. The company had revenue of $199 million during the quarter, compared to the consensus estimate of $195 million. EQT Midstream Partners, had a net margin of 66.99% and a return on equity of 25.61%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.27 earnings per share. On average, analysts predict that EQT Midstream Partners, LP will post $5.49 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Friday, August 4th were paid a $0.935 dividend. This represents a $3.74 dividend on an annualized basis and a yield of 5.02%. This is an increase from EQT Midstream Partners,’s previous quarterly dividend of $0.89. The ex-dividend date was Wednesday, August 2nd. EQT Midstream Partners,’s dividend payout ratio (DPR) is currently 72.34%.

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A number of equities research analysts have issued reports on EQM shares. TheStreet cut EQT Midstream Partners, from a “b” rating to a “c+” rating in a research report on Thursday, June 15th. Morgan Stanley upped their target price on EQT Midstream Partners, from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, July 14th. Scotiabank set a $94.00 target price on EQT Midstream Partners, and gave the stock a “hold” rating in a research report on Saturday, July 22nd. BidaskClub cut EQT Midstream Partners, from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of EQT Midstream Partners, in a research report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. EQT Midstream Partners, currently has an average rating of “Hold” and a consensus target price of $89.50.

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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