UBS Group AG decreased its stake in shares of EQT MIDSTRM PTR (NYSE:EQM) by 3.4% during the third quarter, Holdings Channel reports. The fund owned 1,238,219 shares of the company’s stock after selling 43,610 shares during the period. UBS Group AG’s holdings in EQT MIDSTRM PTR were worth $94,340,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in EQM. Quantbot Technologies LP raised its stake in shares of EQT MIDSTRM PTR by 46.4% in the third quarter. Quantbot Technologies LP now owns 1,731 shares of the company’s stock valued at $131,000 after buying an additional 549 shares during the last quarter. CENTRAL TRUST Co increased its position in EQT MIDSTRM PTR by 17.5% in the third quarter. CENTRAL TRUST Co now owns 1,996 shares of the company’s stock valued at $152,000 after buying an additional 297 shares during the period. Solaris Asset Management LLC increased its position in EQT MIDSTRM PTR by 28.1% in the second quarter. Solaris Asset Management LLC now owns 2,050 shares of the company’s stock valued at $165,000 after buying an additional 450 shares during the period. Creative Planning increased its position in EQT MIDSTRM PTR by 45.8% in the third quarter. Creative Planning now owns 2,294 shares of the company’s stock valued at $175,000 after buying an additional 721 shares during the period. Finally, Cedar Wealth Management LLC acquired a new position in EQT MIDSTRM PTR during the second quarter valued at approximately $199,000. Institutional investors and hedge funds own 71.78% of the company’s stock.
EQT MIDSTRM PTR (NYSE:EQM) opened at 75.98 on Thursday. The company has a 50 day moving average of $74.00 and a 200 day moving average of $76.00. EQT MIDSTRM PTR has a 52 week low of $57.88 and a 52 week high of $80.63. The stock has a market capitalization of $6.12 billion, a P/E ratio of 14.77 and a beta of 0.91.
EQT MIDSTRM PTR (NYSE:EQM) last posted its quarterly earnings results on Thursday, October 27th. The company reported $1.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.05. EQT MIDSTRM PTR had a return on equity of 27.10% and a net margin of 68.88%. The business earned $170.84 million during the quarter, compared to the consensus estimate of $176.24 million. During the same period in the prior year, the company posted $1.12 EPS. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. Equities analysts expect that EQT MIDSTRM PTR will post $5.25 EPS for the current fiscal year.
Several research analysts have commented on EQM shares. Deutsche Bank AG reissued a “buy” rating on shares of EQT MIDSTRM PTR in a research note on Friday, October 14th. Morgan Stanley reissued a “hold” rating and set a $83.00 price target on shares of EQT MIDSTRM PTR in a research note on Wednesday, September 21st. Zacks Investment Research raised shares of EQT MIDSTRM PTR from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Wednesday, October 5th. Finally, Stifel Nicolaus lifted their price target on shares of EQT MIDSTRM PTR from $78.00 to $82.00 and gave the stock a “hold” rating in a research note on Friday, October 14th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. EQT MIDSTRM PTR currently has a consensus rating of “Hold” and a consensus price target of $84.30.
About EQT MIDSTRM PTR
EQT Midstream Partners, LP (EQM) owns, operates, acquires and develops midstream assets in the Appalachian Basin. The Company operates through two segments: Transmission and storage, which includes its Federal Energy Regulatory Commission (FERC)-regulated interstate pipeline and storage business, and Gathering, which includes high pressure gathering lines and the FERC-regulated low pressure gathering system.
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