Fmr LLC trimmed its holdings in EQT Midstream Partners, LP (NYSE:EQM) by 87.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 65,800 shares of the pipeline company’s stock after selling 456,900 shares during the period. Fmr LLC owned 0.08% of EQT Midstream Partners, worth $4,911,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. IFP Advisors Inc grew its stake in EQT Midstream Partners, by 120.5% in the 2nd quarter. IFP Advisors Inc now owns 1,808 shares of the pipeline company’s stock valued at $135,000 after acquiring an additional 988 shares during the last quarter. V Wealth Management LLC acquired a new stake in EQT Midstream Partners, in the 2nd quarter valued at about $178,000. Round Table Services LLC grew its stake in 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 last quarter. Covenant Asset Management LLC grew its stake in EQT Midstream Partners, by 5.9% in the 2nd quarter. Covenant Asset Management LLC now owns 3,970 shares of the pipeline company’s stock valued at $296,000 after acquiring an additional 220 shares during the last quarter. Finally, TradeLink Capital LLC acquired a new stake in EQT Midstream Partners, in the 2nd quarter valued at about $321,000. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently commented on EQM. BidaskClub cut shares of EQT Midstream Partners, from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Stifel Nicolaus reissued a “hold” rating and issued a $79.00 price objective on shares of EQT Midstream Partners, in a research note on Friday, July 21st. TheStreet raised shares of EQT Midstream Partners, from a “c+” rating to a “b-” rating in a research note on Wednesday, July 19th. Seaport Global Securities began coverage on shares of EQT Midstream Partners, in a research note on Tuesday, October 10th. They issued a “buy” rating and a $96.00 price objective on the stock. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $96.00 price objective on shares of EQT Midstream Partners, in a research note on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. EQT Midstream Partners, currently has an average rating of “Hold” and a consensus target price of $91.50.

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Shares of EQT Midstream Partners, LP (NYSE EQM) opened at $72.21 on Friday. The company has a market capitalization of $5,818.83, a PE ratio of 13.83, a PEG ratio of 1.08 and a beta of 0.93. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.90 and a current ratio of 0.90.

EQT Midstream Partners, (NYSE:EQM) last released its quarterly earnings results on Thursday, October 26th. The pipeline company reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.02. EQT Midstream Partners, had a net margin of 65.99% and a return on equity of 25.85%. The company had revenue of $207.20 million for the quarter, compared to analysts’ expectations of $205.29 million. During the same period last year, the company earned $1.23 EPS. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. research analysts predict that EQT Midstream Partners, LP will post 5.59 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Friday, November 3rd will be paid a dividend of $0.98 per share. This is a boost from EQT Midstream Partners,’s previous quarterly dividend of $0.94. This represents a $3.92 annualized dividend and a dividend yield of 5.43%. The ex-dividend date is Thursday, November 2nd. EQT Midstream Partners,’s dividend payout ratio (DPR) is currently 75.10%.

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)

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