Advantus Capital Management Inc Has $1.26 Million Position in EQT Midstream Partners, LP (EQM)

Advantus Capital Management Inc lessened its position in shares of EQT Midstream Partners, LP (NYSE:EQM) by 12.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,778 shares of the pipeline company’s stock after selling 2,300 shares during the quarter. Advantus Capital Management Inc owned approximately 20,821.54% of EQT Midstream Partners, worth $1,258,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its position in shares of EQT Midstream Partners, by 120.5% in the second quarter. IFP Advisors Inc now owns 1,808 shares of the pipeline company’s stock valued at $135,000 after purchasing an additional 988 shares during the period. V Wealth Management LLC acquired a new stake in shares of EQT Midstream Partners, in the second quarter valued at about $178,000. Saratoga Research & Investment Management acquired a new stake in shares of EQT Midstream Partners, in the third quarter valued at about $186,000. A. D. Beadell Investment Counsel Inc. acquired a new stake in shares of EQT Midstream Partners, in the third quarter valued at about $203,000. Finally, Keybank National Association OH acquired a new stake in shares of EQT Midstream Partners, in the third quarter valued at about $259,000. Institutional investors own 73.38% of the company’s stock.

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Several analysts have recently issued reports on the stock. Mitsubishi UFJ Financial Group reiterated an “overweight” rating on shares of EQT Midstream Partners, in a research report on Thursday, October 26th. Zacks Investment Research lowered shares of EQT Midstream Partners, from a “hold” rating to a “strong sell” rating in a research report on Monday, October 16th. Seaport Global Securities assumed coverage on shares of EQT Midstream Partners, in a research report on Tuesday, October 10th. They issued a “buy” rating and a $96.00 target price on the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $96.00 target price on shares of EQT Midstream Partners, in a research report on Tuesday, October 10th. Finally, Stifel Nicolaus set a $79.00 target price on shares of EQT Midstream Partners, and gave the company a “hold” rating in a research report on Friday, August 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $91.50.

EQT Midstream Partners, LP (EQM) opened at $70.89 on Friday. The firm has a market cap of $5,712.46, a PE ratio of 13.58, a P/E/G ratio of 1.06 and a beta of 0.93. EQT Midstream Partners, LP has a 52-week low of $68.76 and a 52-week high of $82.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.90 and a current ratio of 0.90.

EQT Midstream Partners, (NYSE:EQM) last posted its quarterly earnings results on Thursday, October 26th. The pipeline company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.02. The firm had revenue of $207.20 million for the quarter, compared to analyst estimates of $205.29 million. EQT Midstream Partners, had a net margin of 65.99% and a return on equity of 25.85%. EQT Midstream Partners,’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.23 earnings per share. analysts anticipate that EQT Midstream Partners, LP will post 5.59 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Friday, November 3rd will be given a dividend of $0.98 per share. The ex-dividend date of this dividend is Thursday, November 2nd. This is a positive change from EQT Midstream Partners,’s previous quarterly dividend of $0.94. This represents a $3.92 dividend on an annualized basis and a yield of 5.53%. EQT Midstream Partners,’s payout ratio is presently 75.10%.

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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