The Skandinaviska Enskilda Banken AB publ Buys New Stake in EQT Midstream Partners, LP (EQM)

The Skandinaviska Enskilda Banken AB publ Buys New Stake in EQT Midstream Partners, LP (EQM)

Other large investors also recently made changes to their positions in the company. Virtu Financial LLC increased its stake in shares of EQT Midstream Partners, by 33.7% in the first quarter. Virtu Financial LLC now owns 10,762 shares of the pipeline company’s stock valued at $828,000 after buying an additional 2,714 shares during the last quarter. Hamlin Capital Management LLC increased its stake in shares of EQT Midstream Partners, by 12.8% in the first quarter. Hamlin Capital Management LLC now owns 881,587 shares of the pipeline company’s stock valued at $67,794,000 after buying an additional 100,180 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of EQT Midstream Partners, during the first quarter valued at about $392,000. Janney Montgomery Scott LLC increased its stake in shares of EQT Midstream Partners, by 86.0% in the first quarter. Janney Montgomery Scott LLC now owns 12,934 shares of the pipeline company’s stock valued at $995,000 after buying an additional 5,979 shares during the last quarter. Finally, Chickasaw Capital Management LLC increased 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 valued at $100,961,000 after buying an additional 166,231 shares during the last quarter. Institutional investors and hedge funds own 75.72% of the company’s stock.

Skandinaviska Enskilda Banken AB publ acquired a new stake in EQT Midstream Partners, LP (NYSE:EQM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,600 shares of the pipeline company’s stock, valued at approximately $354,000.

Shares of EQT Midstream Partners, LP (NYSE:EQM) traded down 2.43% on Tuesday, hitting $73.42. The company’s stock had a trading volume of 144,688 shares. The stock’s 50-day moving average price is $75.36 and its 200-day moving average price is $76.47. 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 $5.92 billion, a price-to-earnings ratio of 14.15 and a beta of 0.89.

EQT Midstream Partners, (NYSE:EQM) last released its quarterly earnings data on Thursday, July 27th. The pipeline company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.31 by $0.04. The business had revenue of $199 million during the quarter, compared to analyst estimates of $195 million. EQT Midstream Partners, had a net margin of 66.99% and a return on equity of 25.61%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the business earned $1.27 earnings per share. Equities analysts expect that EQT Midstream Partners, LP will post $5.49 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Friday, August 4th will be paid a $0.935 dividend. The ex-dividend date is Wednesday, August 2nd. This is a positive change from EQT Midstream Partners,’s previous quarterly dividend of $0.89. This represents a $3.74 annualized dividend and a yield of 5.09%. EQT Midstream Partners,’s dividend payout ratio (DPR) is 72.34%.

A number of equities research analysts have weighed in on the stock. BidaskClub downgraded shares of EQT Midstream Partners, from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. 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 target on shares of EQT Midstream Partners, and gave the stock a “hold” rating in a research note on Saturday, July 22nd. Stifel Nicolaus reiterated a “hold” rating and set a $79.00 price target on shares of EQT Midstream Partners, in a research note on Friday, July 21st. Finally, Morgan Stanley lifted their price target on shares of EQT Midstream Partners, from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target 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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