EQT Midstream Partners, LP (NYSE:EQM) Holdings Increased by Friedberg Investment Management

Friedberg Investment Management raised its holdings in shares of EQT Midstream Partners, LP (NYSE:EQM) by 88.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,120 shares of the pipeline company’s stock after purchasing an additional 11,320 shares during the quarter. Friedberg Investment Management’s holdings in EQT Midstream Partners, were worth $1,800,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in EQM. ING Groep NV lifted its holdings in EQT Midstream Partners, by 248.4% during the 2nd quarter. ING Groep NV now owns 695,000 shares of the pipeline company’s stock valued at $51,868,000 after purchasing an additional 495,500 shares during the last quarter. Marshall Wace North America L.P. lifted its holdings in EQT Midstream Partners, by 282.2% during the 2nd quarter. Marshall Wace North America L.P. now owns 488,401 shares of the pipeline company’s stock valued at $36,630,000 after purchasing an additional 360,601 shares during the last quarter. Hamlin Capital Management LLC lifted its holdings in EQT Midstream Partners, by 26.6% during the 2nd quarter. Hamlin Capital Management LLC now owns 1,116,129 shares of the pipeline company’s stock valued at $83,297,000 after purchasing an additional 234,542 shares during the last quarter. Bank of Montreal Can lifted its holdings in EQT Midstream Partners, by 25.4% during the 2nd quarter. Bank of Montreal Can now owns 1,092,190 shares of the pipeline company’s stock valued at $81,510,000 after purchasing an additional 221,005 shares during the last quarter. Finally, Citigroup Inc. lifted its holdings in EQT Midstream Partners, by 60.0% during the 2nd quarter. Citigroup Inc. now owns 449,721 shares of the pipeline company’s stock valued at $33,563,000 after purchasing an additional 168,675 shares during the last quarter. 73.47% of the stock is owned by institutional investors and hedge funds.

EQT Midstream Partners, LP (NYSE:EQM) traded down 0.29% during midday trading on Tuesday, hitting $74.45. The stock had a trading volume of 28,479 shares. The company has a 50-day moving average price of $75.15 and a 200-day moving average price of $75.10. The stock has a market cap of $6.00 billion, a P/E ratio of 14.35 and a beta of 0.88. EQT Midstream Partners, LP has a 52 week low of $69.20 and a 52 week high of $82.99.

EQT Midstream Partners, (NYSE:EQM) last issued its quarterly earnings data on Thursday, July 27th. The pipeline company reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.04). The company had revenue of $199.00 million for the quarter, compared to analysts’ expectations of $195.00 million. EQT Midstream Partners, had a return on equity of 25.61% and a net margin of 66.99%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period last year, the company posted $1.27 EPS. Equities analysts expect that EQT Midstream Partners, LP will post $5.51 EPS for the current year.

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Several equities research analysts have issued reports on EQM shares. Morgan Stanley raised their price target on EQT Midstream Partners, from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, July 14th. Scotiabank set a $94.00 price target on EQT Midstream Partners, and gave the company a “hold” rating in a report on Saturday, July 22nd. Zacks Investment Research downgraded EQT Midstream Partners, from a “hold” rating to a “strong sell” rating in a report on Monday. BidaskClub downgraded EQT Midstream Partners, from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of EQT Midstream Partners, in a report on Friday, June 23rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $91.50.

EQT Midstream Partners, Profile

EQT Midstream Partners, LP (EQM) owns, operates, acquires and develops midstream assets in the Appalachian Basin. The Company’s segments include Gathering and Transmission. The Gathering segment primarily includes high pressure gathering lines and the Federal Energy Regulatory Commission (FERC)-regulated low pressure gathering system.

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

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