Uniplan Investment Counsel Inc. Sells 2,097 Shares of EQT Midstream Partners LP (EQM)

Uniplan Investment Counsel Inc. lowered its stake in shares of EQT Midstream Partners LP (NYSE:EQM) by 3.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,675 shares of the pipeline company’s stock after selling 2,097 shares during the quarter. Uniplan Investment Counsel Inc. owned 0.08% of EQT Midstream Partners worth $4,698,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Alps Advisors Inc. boosted its position in EQT Midstream Partners by 11.2% in the third quarter. Alps Advisors Inc. now owns 4,761,137 shares of the pipeline company’s stock worth $356,942,000 after purchasing an additional 480,995 shares during the last quarter. Neuberger Berman Group LLC boosted its position in EQT Midstream Partners by 2.6% in the second quarter. Neuberger Berman Group LLC now owns 3,298,943 shares of the pipeline company’s stock worth $246,200,000 after purchasing an additional 82,992 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its position in EQT Midstream Partners by 0.5% in the third quarter. Kayne Anderson Capital Advisors LP now owns 2,507,292 shares of the pipeline company’s stock worth $187,955,000 after purchasing an additional 12,142 shares during the last quarter. Harvest Fund Advisors LLC boosted its position in EQT Midstream Partners by 1.4% in the third quarter. Harvest Fund Advisors LLC now owns 2,451,342 shares of the pipeline company’s stock worth $183,777,000 after purchasing an additional 32,822 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in EQT Midstream Partners by 20.8% in the third quarter. JPMorgan Chase & Co. now owns 1,271,917 shares of the pipeline company’s stock worth $93,817,000 after purchasing an additional 219,261 shares during the last quarter. 73.74% of the stock is currently owned by institutional investors and hedge funds.

Shares of EQT Midstream Partners LP (EQM) traded down $1.18 during midday trading on Thursday, hitting $67.51. The stock had a trading volume of 234,600 shares, compared to its average volume of 258,011. EQT Midstream Partners LP has a 1 year low of $64.42 and a 1 year high of $82.99. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market cap of $5,535.16, a PE ratio of 13.16, a PEG ratio of 1.02 and a beta of 0.89.

EQT Midstream Partners (NYSE:EQM) last issued its quarterly 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. EQT Midstream Partners had a return on equity of 25.85% and a net margin of 65.99%. The firm had revenue of $207.20 million for the quarter, compared to analysts’ expectations of $205.29 million. During the same quarter in the prior year, the firm earned $1.23 EPS. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. research analysts forecast that EQT Midstream Partners LP will post 5.63 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Friday, November 3rd were given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date was Thursday, November 2nd. This is a boost from EQT Midstream Partners’s previous quarterly dividend of $0.94. EQT Midstream Partners’s dividend payout ratio is currently 75.10%.

Several research firms have weighed in on EQM. US Capital Advisors cut EQT Midstream Partners from a “buy” rating to a “buy” rating in a research report on Friday, November 17th. Morgan Stanley cut their price objective on EQT Midstream Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, November 17th. Mitsubishi UFJ Financial Group reissued an “overweight” rating on shares of EQT Midstream Partners in a research report on Thursday, October 26th. Zacks Investment Research cut EQT Midstream Partners from a “hold” rating to a “strong sell” rating in a research report on Monday, October 16th. Finally, Seaport Global Securities began coverage on EQT Midstream Partners in a research report on Tuesday, October 10th. They issued a “buy” rating and a $96.00 price objective on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target 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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