TradeLink Capital LLC Takes Position in EQT Midstream Partners, LP (EQM)

TradeLink Capital LLC purchased a new position in EQT Midstream Partners, LP (NYSE:EQM) during the second quarter, Holdings Channel reports. The firm purchased 4,300 shares of the pipeline company’s stock, valued at approximately $321,000. EQT Midstream Partners, accounts for approximately 2.9% of TradeLink Capital LLC’s investment portfolio, making the stock its 8th largest position.

A number of other hedge funds have also modified their holdings of the company. Homrich & Berg acquired a new stake in shares of EQT Midstream Partners, during the first quarter worth approximately $313,000. Clinton Group Inc. acquired a new stake in shares of EQT Midstream Partners, during the first quarter worth approximately $3,054,000. UBS Group AG raised 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. JPMorgan Chase & Co. raised its stake in shares of EQT Midstream Partners, by 11.2% in the first quarter. JPMorgan Chase & Co. now owns 1,069,702 shares of the pipeline company’s stock worth $82,261,000 after buying an additional 107,382 shares during the period. Finally, Mariner Investment Group LLC raised its stake in shares of EQT Midstream Partners, by 6.9% in the first quarter. Mariner Investment Group LLC now owns 161,790 shares of the pipeline company’s stock worth $12,442,000 after buying an additional 10,400 shares during the period. Institutional investors and hedge funds own 75.72% of the company’s stock.

Shares of EQT Midstream Partners, LP (EQM) opened at 74.00 on Friday. EQT Midstream Partners, LP has a 52 week low of $69.20 and a 52 week high of $82.99. The firm has a 50 day moving average price of $75.65 and a 200 day moving average price of $76.42. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 14.26 and a beta of 0.89.

EQT Midstream Partners, (NYSE:EQM) last released its quarterly earnings results on Thursday, July 27th. The pipeline company reported $1.27 earnings per share (EPS) for the quarter, missing the Zacks’ 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 return on equity of 25.61% and a net margin of 66.99%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the business earned $1.27 earnings per share. Equities analysts forecast that EQT Midstream Partners, LP will post $5.49 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Friday, August 4th will be paid a $0.935 dividend. This is an increase from EQT Midstream Partners,’s previous quarterly dividend of $0.89. This represents a $3.74 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date is Wednesday, August 2nd. EQT Midstream Partners,’s dividend payout ratio (DPR) is 72.34%.

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A number of analysts recently commented on EQM shares. ValuEngine lowered EQT Midstream Partners, from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. TheStreet upgraded EQT Midstream Partners, from a “c+” rating to a “b-” rating in a report on Wednesday, July 19th. Scotiabank set a $94.00 price target on EQT Midstream Partners, and gave the stock a “hold” rating in a report on Saturday, July 22nd. BidaskClub upgraded EQT Midstream Partners, from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of EQT Midstream Partners, in a report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $89.50.

About EQT Midstream Partners,

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.

Want to see what other hedge funds are holding EQM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EQT Midstream Partners, LP (NYSE:EQM).

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

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