Dividend Assets Capital LLC lowered its position in shares of EQT Midstream Partners LP (NYSE:EQM) by 0.3% during the second quarter, Holdings Channel reports. The firm owned 505,023 shares of the pipeline company’s stock after selling 1,378 shares during the period. Dividend Assets Capital LLC’s holdings in EQT Midstream Partners were worth $37,690,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Neuberger Berman Group LLC boosted its stake in shares of 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 worth $247,307,000 after buying an additional 192,411 shares during the period. Morgan Stanley boosted its stake in shares of EQT Midstream Partners by 1.4% in the first quarter. Morgan Stanley now owns 1,942,853 shares of the pipeline company’s stock worth $149,405,000 after buying an additional 27,614 shares during the period. UBS Group AG boosted its stake in shares of EQT Midstream Partners by 5.9% in the first quarter. UBS Group AG now owns 1,446,191 shares of the pipeline company’s stock worth $111,212,000 after buying an additional 80,072 shares during the period. Chickasaw Capital Management LLC boosted its stake in shares of EQT Midstream Partners by 14.5% in the first quarter. Chickasaw Capital Management LLC now owns 1,312,889 shares of the pipeline company’s stock worth $100,961,000 after buying an additional 166,231 shares during the period. Finally, Hamlin Capital Management LLC boosted its stake in shares of EQT Midstream Partners by 26.6% in the second quarter. Hamlin Capital Management LLC now owns 1,116,129 shares of the pipeline company’s stock worth $83,297,000 after buying an additional 234,542 shares during the period. 75.72% of the stock is currently owned by institutional investors and hedge funds.

EQT Midstream Partners LP (NYSE EQM) opened at 73.61 on Friday. EQT Midstream Partners LP has a 52-week low of $69.20 and a 52-week high of $82.99. The company has a market cap of $5.93 billion, a PE ratio of 14.19 and a beta of 0.89. The stock’s 50 day moving average is $75.71 and its 200-day moving average is $76.40.

EQT Midstream Partners (NYSE:EQM) last announced its quarterly earnings results on Thursday, July 27th. The pipeline company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by $0.04. EQT Midstream Partners had a net margin of 69.93% and a return on equity of 19.90%. The company had revenue of $199 million for the quarter, compared to analysts’ expectations of $195 million. During the same quarter in the prior year, the firm earned $1.27 EPS. EQT Midstream Partners’s quarterly revenue was up 11.8% compared to the same quarter last year. Equities research analysts predict that EQT Midstream Partners LP will post $5.49 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Friday, August 4th will be given a dividend of $0.935 per share. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $3.74 annualized dividend and a dividend yield of 5.08%. This is a boost from EQT Midstream Partners’s previous quarterly dividend of $0.89. EQT Midstream Partners’s payout ratio is currently 72.34%.

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A number of analysts have commented on EQM shares. TheStreet cut shares of EQT Midstream Partners from a “b” rating to a “c+” rating in a research report on Thursday, June 15th. Morgan Stanley upped their price target on shares of EQT Midstream Partners from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, July 14th. Scotiabank set a $94.00 price target on shares of EQT Midstream Partners and gave the company a “hold” rating in a research report on Saturday, July 22nd. BidaskClub cut shares of EQT Midstream Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of EQT Midstream Partners in a research report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $89.50.

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.

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

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