EQT Midstream Partners LP (EQM) Shares Bought by Gryphon Financial Partners LLC

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Gryphon Financial Partners LLC increased its stake in EQT Midstream Partners LP (NYSE:EQM) by 100.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,791 shares of the pipeline company’s stock after buying an additional 1,897 shares during the period. Gryphon Financial Partners LLC’s holdings in EQT Midstream Partners were worth $200,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Keybank National Association OH boosted its holdings in EQT Midstream Partners by 26.2% in the second quarter. Keybank National Association OH now owns 4,753 shares of the pipeline company’s stock worth $245,000 after purchasing an additional 987 shares during the period. Goodwin Daniel L boosted its holdings in EQT Midstream Partners by 8.4% in the third quarter. Goodwin Daniel L now owns 12,950 shares of the pipeline company’s stock worth $685,000 after purchasing an additional 1,000 shares during the period. Tortoise Index Solutions LLC boosted its holdings in EQT Midstream Partners by 16.2% in the second quarter. Tortoise Index Solutions LLC now owns 8,908 shares of the pipeline company’s stock worth $460,000 after purchasing an additional 1,242 shares during the period. Janney Montgomery Scott LLC boosted its holdings in EQT Midstream Partners by 2.7% in the second quarter. Janney Montgomery Scott LLC now owns 57,818 shares of the pipeline company’s stock worth $2,983,000 after purchasing an additional 1,526 shares during the period. Finally, Botty Investors LLC boosted its holdings in EQT Midstream Partners by 14.7% in the third quarter. Botty Investors LLC now owns 13,679 shares of the pipeline company’s stock worth $722,000 after purchasing an additional 1,748 shares during the period. Institutional investors and hedge funds own 69.52% of the company’s stock.

A number of equities analysts have commented on EQM shares. Citigroup decreased their price objective on shares of EQT Midstream Partners to $64.00 and set an “overweight” rating for the company in a report on Tuesday, September 25th. Barclays decreased their price objective on shares of EQT Midstream Partners from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Friday, October 12th. LADENBURG THALM/SH SH decreased their price objective on shares of EQT Midstream Partners from $81.00 to $29.00 and set a “buy” rating for the company in a report on Friday, August 17th. Stifel Nicolaus decreased their price objective on shares of EQT Midstream Partners from $61.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, October 9th. Finally, Morgan Stanley decreased their price objective on shares of EQT Midstream Partners from $65.00 to $61.00 and set an “overweight” rating for the company in a report on Friday, August 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. EQT Midstream Partners has an average rating of “Buy” and a consensus price target of $61.64.

Shares of EQM opened at $47.22 on Friday. EQT Midstream Partners LP has a 1 year low of $42.87 and a 1 year high of $77.97. The firm has a market cap of $5.28 billion, a PE ratio of 9.10 and a beta of 1.13. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.34 and a quick ratio of 0.34.

EQT Midstream Partners (NYSE:EQM) last announced its quarterly earnings results on Thursday, October 25th. The pipeline company reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.07). EQT Midstream Partners had a net margin of 60.71% and a return on equity of 22.30%. The firm had revenue of $364.58 million for the quarter, compared to analyst estimates of $356.99 million. On average, analysts anticipate that EQT Midstream Partners LP will post 5.8 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 14th. Stockholders of record on Friday, November 2nd will be issued a dividend of $1.115 per share. This is an increase from EQT Midstream Partners’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $4.46 annualized dividend and a dividend yield of 9.45%. EQT Midstream Partners’s payout ratio is 85.93%.

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About EQT Midstream Partners

EQT Midstream Partners, LP provides natural gas gathering, transmission, and storage services in Pennsylvania, West Virginia, and Ohio. The company owns, operates, acquires, and develops midstream assets in the Appalachian Basin. The company also owned approximately 300 miles of high pressure gathering lines and 1,500 miles of federal energy regulatory commission (FERC) regulated low pressure gathering lines; and approximately 950 miles of FERC regulated interstate pipelines.

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

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