Oppenheimer Asset Management Inc. Has $439,000 Position in EQT Midstream Partners, LP (EQM)

Oppenheimer Asset Management Inc. lessened its stake in EQT Midstream Partners, LP (NYSE:EQM) by 4.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,879 shares of the pipeline company’s stock after selling 292 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in EQT Midstream Partners, were worth $439,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EQM. ING Groep NV grew its holdings in shares of EQT Midstream Partners, by 248.4% during the second quarter. ING Groep NV now owns 695,000 shares of the pipeline company’s stock worth $51,868,000 after purchasing an additional 495,500 shares during the last quarter. Marshall Wace North America L.P. grew its holdings in shares of EQT Midstream Partners, by 282.2% during the second quarter. Marshall Wace North America L.P. now owns 488,401 shares of the pipeline company’s stock worth $36,630,000 after purchasing an additional 360,601 shares during the last quarter. Hamlin Capital Management LLC grew its holdings in shares of EQT Midstream Partners, by 26.6% during the second quarter. Hamlin Capital Management LLC now owns 1,116,129 shares of the pipeline company’s stock worth $83,297,000 after purchasing an additional 234,542 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of EQT Midstream Partners, by 25.4% during the second quarter. Bank of Montreal Can now owns 1,092,190 shares of the pipeline company’s stock worth $81,510,000 after purchasing an additional 221,005 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its holdings in EQT Midstream Partners, by 6.4% in the first quarter. Neuberger Berman Group LLC now owns 3,215,951 shares of the pipeline company’s stock valued at $247,307,000 after acquiring an additional 192,411 shares during the last quarter. 73.46% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently commented on EQM. BidaskClub upgraded EQT Midstream Partners, from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Stifel Nicolaus set a $79.00 target price on EQT Midstream Partners, and gave the company a “hold” rating in a report on Friday, August 25th. Morgan Stanley upped their target price on EQT Midstream Partners, from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, July 14th. Finally, TheStreet raised EQT Midstream Partners, from a “c+” rating to a “b-” rating in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $89.50.

Shares of EQT Midstream Partners, LP (EQM) opened at 74.96 on Friday. The company has a 50-day moving average price of $74.88 and a 200-day moving average price of $75.51. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 14.45 and a beta of 0.89. 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 announced its quarterly earnings data on Thursday, July 27th. The pipeline company reported $1.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 net margin of 66.99% and a return on equity of 25.61%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.27 EPS. On average, equities analysts anticipate that EQT Midstream Partners, LP will post $5.50 earnings per share for the current year.

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EQT Midstream Partners, Company 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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