BB&T Securities LLC Grows Holdings in EQT Midstream Partners LP (EQM)

BB&T Securities LLC lifted its position in EQT Midstream Partners LP (NYSE:EQM) by 10.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,653 shares of the pipeline company’s stock after acquiring an additional 2,508 shares during the quarter. BB&T Securities LLC’s holdings in EQT Midstream Partners were worth $2,073,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in EQM. IFP Advisors Inc lifted its holdings in shares of EQT Midstream Partners by 120.5% in the 2nd quarter. IFP Advisors Inc now owns 1,808 shares of the pipeline company’s stock worth $135,000 after acquiring an additional 988 shares during the last quarter. Saratoga Research & Investment Management bought a new stake in shares of EQT Midstream Partners in the 3rd quarter worth about $186,000. A. D. Beadell Investment Counsel Inc. purchased a new position in EQT Midstream Partners in the 3rd quarter worth about $203,000. CIBC Asset Management Inc purchased a new position in EQT Midstream Partners in the 3rd quarter worth about $204,000. Finally, Keybank National Association OH purchased a new position in EQT Midstream Partners in the 3rd quarter worth about $259,000. Hedge funds and other institutional investors own 73.74% of the company’s stock.

EQT Midstream Partners LP (EQM) opened at $68.69 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.52. The company has a market cap of $5,558.53, a PE ratio of 13.22, a price-to-earnings-growth ratio of 1.02 and a beta of 0.89. EQT Midstream Partners LP has a 12-month low of $64.42 and a 12-month high of $82.99.

EQT Midstream Partners (NYSE:EQM) last posted its earnings results on Thursday, October 26th. The pipeline company reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.02. The business had revenue of $207.20 million for the quarter, compared to the consensus estimate of $205.29 million. EQT Midstream Partners had a net margin of 65.99% and a return on equity of 25.85%. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.23 EPS. equities research analysts expect that EQT Midstream Partners LP will post 5.63 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Friday, November 3rd were given a dividend of $0.98 per share. This is an increase from EQT Midstream Partners’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $3.92 dividend on an annualized basis and a yield of 5.71%. EQT Midstream Partners’s dividend payout ratio (DPR) is 75.10%.

Several research firms recently commented on EQM. BidaskClub downgraded shares of EQT Midstream Partners from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Seaport Global Securities began coverage on shares of EQT Midstream Partners in a research note on Tuesday, October 10th. They issued a “buy” rating and a $96.00 price target on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $96.00 price target on shares of EQT Midstream Partners in a research note on Tuesday, October 10th. Stifel Nicolaus set a $79.00 price target on shares of EQT Midstream Partners and gave the stock a “hold” rating in a research note on Friday, August 25th. Finally, US Capital Advisors downgraded shares of EQT Midstream Partners from a “buy” rating to a “buy” rating in a research note on Friday, November 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. EQT Midstream Partners currently has a consensus rating of “Hold” and an average target price of $90.83.

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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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