Goldman Sachs Group Inc. trimmed its holdings in shares of EQT Midstream Partners, LP (NYSE:EQM) by 4.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,828,426 shares of the pipeline company’s stock after selling 174,683 shares during the period. Goldman Sachs Group Inc. owned approximately 4.75% of EQT Midstream Partners, worth $285,715,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Veritable L.P. lifted its stake in EQT Midstream Partners, by 5.0% during the 2nd quarter. Veritable L.P. now owns 5,680 shares of the pipeline company’s stock valued at $424,000 after acquiring an additional 269 shares during the period. BP Capital Fund Advisors LLC lifted its stake in EQT Midstream Partners, by 26.1% during the 2nd quarter. BP Capital Fund Advisors LLC now owns 49,782 shares of the pipeline company’s stock valued at $3,715,000 after acquiring an additional 10,308 shares during the period. Citigroup Inc. lifted its stake in EQT Midstream Partners, by 60.0% during the 2nd quarter. Citigroup Inc. now owns 449,721 shares of the pipeline company’s stock valued at $33,563,000 after acquiring an additional 168,675 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its stake in EQT Midstream Partners, by 46.1% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 156,900 shares of the pipeline company’s stock valued at $11,709,000 after acquiring an additional 49,500 shares during the period. Finally, Uniplan Investment Counsel Inc. lifted its stake in EQT Midstream Partners, by 3.8% during the 2nd quarter. Uniplan Investment Counsel Inc. now owns 64,772 shares of the pipeline company’s stock valued at $4,834,000 after acquiring an additional 2,367 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

EQT Midstream Partners, LP (NYSE EQM) traded up 1.64% during trading on Friday, hitting $74.97. 667,142 shares of the company traded hands. EQT Midstream Partners, LP has a 52-week low of $69.20 and a 52-week high of $82.99. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of 14.45 and a beta of 0.89. The company’s 50-day moving average is $74.74 and its 200 day moving average is $75.38.

EQT Midstream Partners, (NYSE:EQM) last issued its quarterly earnings results on Thursday, July 27th. The pipeline company reported $1.27 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $199.00 million for the quarter, compared to analyst estimates of $195.00 million. During the same period in the prior year, the business earned $1.27 earnings per share. EQT Midstream Partners,’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities analysts anticipate that EQT Midstream Partners, LP will post $5.51 earnings per share for the current year.

EQM has been the subject of several research reports. TheStreet upgraded shares of EQT Midstream Partners, from a “c+” rating to a “b-” rating in a research note on Wednesday, July 19th. Scotiabank set a $94.00 price objective on shares of EQT Midstream Partners, and gave the company a “hold” rating in a research note on Saturday, July 22nd. BidaskClub upgraded shares of EQT Midstream Partners, from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Stifel Nicolaus restated a “hold” rating on shares of EQT Midstream Partners, in a research note on Friday, June 23rd. Finally, Morgan Stanley lifted their price objective on shares of EQT Midstream Partners, from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, July 14th. One investment 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. The stock presently has a consensus rating of “Hold” and an average price target of $89.50.

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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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