Huntington National Bank lessened its holdings in shares of Equitrans Midstream (NASDAQ:ETRN) by 42.2% during the 1st quarter, HoldingsChannel reports. The firm owned 5,047 shares of the company’s stock after selling 3,680 shares during the period. Huntington National Bank’s holdings in Equitrans Midstream were worth $110,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. Canton Hathaway LLC bought a new stake in Equitrans Midstream in the 4th quarter valued at approximately $26,000. JFS Wealth Advisors LLC bought a new stake in Equitrans Midstream in the 4th quarter valued at approximately $30,000. Caption Management LLC bought a new stake in Equitrans Midstream in the 4th quarter valued at approximately $40,000. Van ECK Associates Corp bought a new stake in Equitrans Midstream in the 4th quarter valued at approximately $42,000. Finally, Whittier Trust Co. bought a new stake in Equitrans Midstream in the 4th quarter valued at approximately $44,000.
Shares of Equitrans Midstream stock opened at $21.49 on Wednesday. Equitrans Midstream has a 12-month low of $17.63 and a 12-month high of $23.47.
Several research firms have commented on ETRN. Zacks Investment Research upgraded Equitrans Midstream from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Wednesday, January 9th. US Capital Advisors cut Equitrans Midstream from an “overweight” rating to a “hold” rating in a research note on Friday, January 4th. Finally, Barclays restated a “hold” rating and issued a $21.00 target price on shares of Equitrans Midstream in a research note on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Equitrans Midstream currently has an average rating of “Hold” and a consensus price target of $23.83.
In related news, CFO Kirk R. Oliver acquired 4,950 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were bought at an average price of $20.25 per share, for a total transaction of $100,237.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Thomas F. Karam acquired 250,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were bought at an average price of $20.47 per share, for a total transaction of $5,117,500.00. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 271,992 shares of company stock worth $5,563,886.
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About Equitrans Midstream
Equitrans Midstream Corp. is a wholly-owned subsidiary of EQT. It doesn’t have business operations. The company was founded on February 21, 2018 and is headquartered in Canonsburg, PA.
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