EQT Midstream Partners LP (NYSE:EQM) has been given an average rating of “Buy” by the seventeen brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $60.75.

A number of research firms recently weighed in on EQM. Barclays dropped their price target on shares of EQT Midstream Partners from $64.00 to $60.00 and set an “overweight” rating for the company in a research note on Wednesday, August 29th. Bank of America dropped their price target on shares of EQT Midstream Partners from $64.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday, August 21st. LADENBURG THALM/SH SH dropped their price target on shares of EQT Midstream Partners from $81.00 to $29.00 and set a “buy” rating for the company in a research note on Friday, August 17th. Zacks Investment Research raised shares of EQT Midstream Partners from a “sell” rating to a “hold” rating in a research note on Monday, July 16th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $61.00 target price on shares of EQT Midstream Partners in a research note on Friday, July 27th.

Large investors have recently modified their holdings of the business. Diversified Trust Co increased its stake in EQT Midstream Partners by 16.1% in the second quarter. Diversified Trust Co now owns 23,190 shares of the pipeline company’s stock valued at $1,196,000 after purchasing an additional 3,215 shares in the last quarter. Spirit of America Management Corp NY increased its position in shares of EQT Midstream Partners by 74.1% during the third quarter. Spirit of America Management Corp NY now owns 325,253 shares of the pipeline company’s stock worth $17,167,000 after acquiring an additional 138,438 shares in the last quarter. Tortoise Index Solutions LLC increased its position in shares of EQT Midstream Partners by 16.2% during the second quarter. Tortoise Index Solutions LLC now owns 8,908 shares of the pipeline company’s stock worth $460,000 after acquiring an additional 1,242 shares in the last quarter. California Public Employees Retirement System increased its position in shares of EQT Midstream Partners by 22.7% during the second quarter. California Public Employees Retirement System now owns 179,396 shares of the pipeline company’s stock worth $9,255,000 after acquiring an additional 33,213 shares in the last quarter. Finally, Keybank National Association OH increased its position in shares of EQT Midstream Partners by 26.2% during the second quarter. Keybank National Association OH now owns 4,753 shares of the pipeline company’s stock worth $245,000 after acquiring an additional 987 shares in the last quarter. 69.52% of the stock is owned by hedge funds and other institutional investors.

EQM opened at $43.29 on Monday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.69. The company has a market cap of $5.35 billion, a P/E ratio of 8.34 and a beta of 1.13. EQT Midstream Partners has a fifty-two week low of $42.87 and a fifty-two week high of $77.97.

EQT Midstream Partners (NYSE:EQM) last posted its quarterly earnings results on Thursday, October 25th. The pipeline company reported $1.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.21 by ($0.07). The business had revenue of $364.58 million for the quarter, compared to the consensus estimate of $356.99 million. EQT Midstream Partners had a return on equity of 22.30% and a net margin of 60.71%. On average, equities research analysts anticipate that EQT Midstream Partners will post 5.8 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 14th. Shareholders of record on Friday, November 2nd will be paid a $1.115 dividend. This represents a $4.46 annualized dividend and a yield of 10.30%. The ex-dividend date of this dividend is Thursday, November 1st. This is an increase from EQT Midstream Partners’s previous quarterly dividend of $1.09. EQT Midstream Partners’s dividend payout ratio is presently 85.93%.

About EQT Midstream Partners

EQT Midstream Partners, LP provides natural gas gathering, transmission, and storage services in Pennsylvania, West Virginia, and Ohio. The company owns, operates, acquires, and develops midstream assets in the Appalachian Basin. The company also owned approximately 300 miles of high pressure gathering lines and 1,500 miles of federal energy regulatory commission (FERC) regulated low pressure gathering lines; and approximately 950 miles of FERC regulated interstate pipelines.

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Analyst Recommendations for EQT Midstream Partners (NYSE:EQM)

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