Advisors Asset Management Inc. cut its position in EQT Midstream Partners, LP (NYSE:EQM) by 2.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 17,658 shares of the pipeline company’s stock after selling 518 shares during the period. Advisors Asset Management Inc.’s holdings in EQT Midstream Partners, were worth $1,318,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Neuberger Berman Group LLC boosted its position 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 in the last quarter. Morgan Stanley boosted its position 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 in the last quarter. UBS Group AG boosted its position 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 in the last quarter. Hamlin Capital Management LLC boosted its position 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 in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of EQT Midstream Partners, by 25.4% in the second quarter. Bank of Montreal Can now owns 1,092,190 shares of the pipeline company’s stock worth $81,510,000 after buying an additional 221,005 shares in the last quarter. 73.44% of the stock is currently owned by institutional investors.

Shares of EQT Midstream Partners, LP (EQM) opened at 74.99 on Monday. The firm’s 50-day moving average price is $75.40 and its 200-day moving average price is $76.06. The company has a market capitalization of $6.04 billion, a PE ratio of 14.45 and a beta of 0.89. EQT Midstream Partners, LP has a 12-month low of $69.20 and a 12-month high of $82.99.

EQT Midstream Partners, (NYSE:EQM) last issued its earnings results on Thursday, July 27th. The pipeline company reported $1.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by $0.04. The firm had revenue of $199 million during the quarter, compared to analysts’ expectations of $195 million. EQT Midstream Partners, had a net margin of 66.99% and a return on equity of 25.61%. The firm’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.27 EPS. On average, analysts expect that EQT Midstream Partners, LP will post $5.50 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Friday, August 4th were issued a $0.935 dividend. This is an increase from EQT Midstream Partners,’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $3.74 annualized dividend and a dividend yield of 4.99%. EQT Midstream Partners,’s payout ratio is presently 72.34%.

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A number of equities analysts recently commented on EQM shares. TheStreet cut EQT Midstream Partners, from a “b” rating to a “c+” rating in a report on Thursday, June 15th. Morgan Stanley raised their target price on EQT Midstream Partners, from $86.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, July 14th. Scotiabank set a $94.00 target price on EQT Midstream Partners, and gave the stock a “hold” rating in a report on Saturday, July 22nd. BidaskClub cut EQT Midstream Partners, from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of EQT Midstream Partners, in a report on Friday, June 23rd. One equities research 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. 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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