EQT Midstream Partners LP (NYSE:EQM) announced a quarterly dividend on Tuesday, July 26th. Investors of record on Friday, August 5th will be given a dividend of 0.78 per share on Friday, August 12th. This represents a $3.12 annualized dividend and a yield of 4.09%. This is a positive change from EQT Midstream Partners’s previous quarterly dividend of $0.75.
Separately, Zacks Investment Research downgraded EQT Midstream Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $90.68.
EQT Midstream Partners (NYSE:EQM) traded down 1.36% during mid-day trading on Tuesday, hitting $76.28. The stock had a trading volume of 206,292 shares. The company has a market cap of $5.92 billion and a price-to-earnings ratio of 15.49. EQT Midstream Partners has a 12 month low of $56.52 and a 12 month high of $81.35. The firm’s 50-day moving average is $76.66 and its 200 day moving average is $73.48.
EQT Midstream Partners, LP (EQM) owns, operates, acquires and develops midstream assets in the Appalachian Basin. The Company operates through two segments: Transmission and storage, which includes its Federal Energy Regulatory Commission (FERC)-regulated interstate pipeline and storage business, and Gathering, which includes high pressure gathering lines and the FERC-regulated low pressure gathering system.
