Equitrans Midstream Co. (NYSE:ETRN) Stock Holdings Cut by Pinkerton Retirement Specialists LLC

Pinkerton Retirement Specialists LLC lessened its position in Equitrans Midstream Co. (NYSE:ETRN) by 8.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,214 shares of the company’s stock after selling 4,108 shares during the period. Pinkerton Retirement Specialists LLC’s holdings in Equitrans Midstream were worth $552,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Rise Advisors LLC bought a new stake in Equitrans Midstream during the first quarter worth approximately $25,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Equitrans Midstream during the 4th quarter worth $39,000. Mather Group LLC. acquired a new position in shares of Equitrans Midstream in the 1st quarter worth $54,000. Hexagon Capital Partners LLC raised its position in shares of Equitrans Midstream by 185.8% during the fourth quarter. Hexagon Capital Partners LLC now owns 5,716 shares of the company’s stock worth $58,000 after purchasing an additional 3,716 shares during the period. Finally, Quest Partners LLC purchased a new stake in shares of Equitrans Midstream during the fourth quarter valued at $101,000. Institutional investors own 87.35% of the company’s stock.

Equitrans Midstream Stock Up 0.6 %

ETRN stock traded up $0.07 during midday trading on Friday, reaching $12.42. The company had a trading volume of 194,273,745 shares, compared to its average volume of 4,411,626. The company has a 50 day moving average of $13.49 and a two-hundred day moving average of $12.18. The company has a market capitalization of $5.39 billion, a P/E ratio of 13.80, a PEG ratio of 11.13 and a beta of 2.01. Equitrans Midstream Co. has a 1 year low of $8.57 and a 1 year high of $14.64. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 4.88.

Equitrans Midstream (NYSE:ETRN) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.03. Equitrans Midstream had a return on equity of 30.21% and a net margin of 31.69%. The business had revenue of $364.27 million during the quarter, compared to analyst estimates of $345.79 million. During the same period last year, the company earned $0.22 earnings per share. Equitrans Midstream’s quarterly revenue was down 3.2% compared to the same quarter last year. On average, equities research analysts expect that Equitrans Midstream Co. will post 0.75 earnings per share for the current fiscal year.

Equitrans Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th were issued a dividend of $0.15 per share. The ex-dividend date was Monday, May 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.83%. Equitrans Midstream’s dividend payout ratio is currently 66.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ETRN shares. US Capital Advisors cut Equitrans Midstream from an “overweight” rating to a “hold” rating in a research note on Monday, April 29th. Wells Fargo & Company boosted their price target on shares of Equitrans Midstream from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Thursday, May 2nd. Finally, Morgan Stanley raised their price objective on shares of Equitrans Midstream from $13.00 to $17.00 and gave the stock an “overweight” rating in a research note on Monday, June 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $13.10.

Equitrans Midstream 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.