Equitrans Midstream (NYSE:ETRN) Downgraded by US Capital Advisors

US Capital Advisors lowered shares of Equitrans Midstream (NYSE:ETRN) from an overweight rating to a hold rating in a report released on Monday morning, Zacks.com reports.

Several other research analysts also recently weighed in on ETRN. Barclays increased their price target on Equitrans Midstream from $6.00 to $11.00 and gave the stock an equal weight rating in a research note on Monday, February 26th. Royal Bank of Canada reiterated an outperform rating and set a $13.00 target price on shares of Equitrans Midstream in a research report on Thursday, March 7th. Finally, Morgan Stanley lowered their price target on shares of Equitrans Midstream from $13.00 to $12.00 and set an overweight rating on the stock in a research report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $10.86.

Equitrans Midstream Stock Down 2.4 %

Equitrans Midstream stock opened at $13.54 on Monday. The firm has a 50 day moving average price of $11.89 and a 200-day moving average price of $10.55. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 4.83. Equitrans Midstream has a twelve month low of $4.65 and a twelve month high of $14.21. The company has a market capitalization of $5.91 billion, a P/E ratio of 15.21, a P/E/G ratio of 1.85 and a beta of 1.97.

Equitrans Midstream (NYSE:ETRN) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.16 by $0.16. Equitrans Midstream had a return on equity of 30.41% and a net margin of 30.89%. The business had revenue of $360.60 million for the quarter, compared to the consensus estimate of $348.04 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. Equitrans Midstream’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, equities analysts predict that Equitrans Midstream will post 0.87 EPS for the current year.

Equitrans Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date of this dividend is Monday, May 6th. Equitrans Midstream’s payout ratio is 67.42%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Equitrans Midstream by 3.5% during the third quarter. Vanguard Group Inc. now owns 47,037,992 shares of the company’s stock worth $440,746,000 after purchasing an additional 1,572,136 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Equitrans Midstream by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,740,820 shares of the company’s stock valued at $88,982,000 after purchasing an additional 260,924 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in Equitrans Midstream by 28.5% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 7,931,370 shares of the company’s stock worth $80,741,000 after buying an additional 1,758,270 shares in the last quarter. Blackstone Inc. increased its holdings in shares of Equitrans Midstream by 18.8% in the 3rd quarter. Blackstone Inc. now owns 7,573,498 shares of the company’s stock worth $70,964,000 after buying an additional 1,197,991 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Equitrans Midstream by 28.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,251,814 shares of the company’s stock valued at $53,463,000 after buying an additional 1,151,348 shares in the last quarter. 87.35% of the stock is owned by institutional investors.

Equitrans Midstream Company Profile

Equitrans Midstream Corporation owns, operates, acquires, and develops midstream assets in the Appalachian Basin. The company operates through Gathering, Transmission, and Water segments. It operates dry gas gathering systems of high-pressure gathering lines and FERC-regulated interstate pipelines and storage systems.