The Manufacturers Life Insurance Company boosted its stake in EQT Midstream Partners LP (NYSE:EQM) by 49.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,613 shares of the pipeline company’s stock after purchasing an additional 1,198 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in EQT Midstream Partners were worth $269,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EQM. Alps Advisors Inc. boosted its position in EQT Midstream Partners by 3.6% during the second quarter. Alps Advisors Inc. now owns 4,280,142 shares of the pipeline company’s stock valued at $319,427,000 after acquiring an additional 148,031 shares during the last quarter. Neuberger Berman Group LLC boosted its position in EQT Midstream Partners by 2.6% during the second quarter. Neuberger Berman Group LLC now owns 3,298,943 shares of the pipeline company’s stock valued at $246,200,000 after acquiring an additional 82,992 shares during the last quarter. American Century Companies Inc. boosted its position in EQT Midstream Partners by 16.7% during the second quarter. American Century Companies Inc. now owns 900,098 shares of the pipeline company’s stock valued at $67,174,000 after acquiring an additional 129,017 shares during the last quarter. Marshall Wace North America L.P. boosted its position in EQT Midstream Partners by 282.2% during the second quarter. Marshall Wace North America L.P. now owns 488,401 shares of the pipeline company’s stock valued at $36,630,000 after acquiring an additional 360,601 shares during the last quarter. Finally, Citigroup Inc. boosted its position in EQT Midstream Partners by 60.0% during the second 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 last quarter. Institutional investors and hedge funds own 73.74% of the company’s stock.

A number of research firms have recently issued reports on EQM. BidaskClub cut shares of EQT Midstream Partners from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Stifel Nicolaus set a $79.00 price objective on shares of EQT Midstream Partners and gave the stock a “hold” rating in a research report on Friday, August 25th. US Capital Advisors cut shares of EQT Midstream Partners from a “buy” rating to a “buy” rating in a research report on Friday, November 17th. Zacks Investment Research cut shares of EQT Midstream Partners from a “hold” rating to a “strong sell” rating in a research report on Monday, October 16th. Finally, Seaport Global Securities began coverage on shares of EQT Midstream Partners in a research report on Tuesday, October 10th. They set a “buy” rating and a $96.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $90.83.

EQT Midstream Partners LP (EQM) opened at $68.69 on Wednesday. EQT Midstream Partners LP has a 1 year low of $64.42 and a 1 year high of $82.99. The firm has a market cap of $5,558.53, a PE ratio of 13.22, a P/E/G ratio of 1.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.90 and a quick ratio of 0.90.

EQT Midstream Partners (NYSE:EQM) last announced its quarterly earnings results on Thursday, October 26th. The pipeline company reported $1.28 earnings per share for the quarter, beating 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 business had revenue of $207.20 million for the quarter, compared to analysts’ expectations of $205.29 million. During the same quarter last year, the firm earned $1.23 EPS. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. equities analysts expect that EQT Midstream Partners LP will post 5.63 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Friday, November 3rd were given a $0.98 dividend. This is a boost from EQT Midstream Partners’s previous quarterly dividend of $0.94. The ex-dividend date was Thursday, November 2nd. This represents a $3.92 annualized dividend and a yield of 5.71%. EQT Midstream Partners’s dividend payout ratio (DPR) is presently 75.10%.

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

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