EQT Midstream Partners LP (EQM) Position Increased by Chickasaw Capital Management LLC

Chickasaw Capital Management LLC raised its position in EQT Midstream Partners LP (NYSE:EQM) by 4.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,296,011 shares of the pipeline company’s stock after purchasing an additional 50,292 shares during the quarter. EQT Midstream Partners accounts for approximately 2.0% of Chickasaw Capital Management LLC’s holdings, making the stock its 21st biggest holding. Chickasaw Capital Management LLC’s holdings in EQT Midstream Partners were worth $94,738,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Alps Advisors Inc. increased its position in shares of EQT Midstream Partners by 11.2% during the third quarter. Alps Advisors Inc. now owns 4,761,137 shares of the pipeline company’s stock worth $356,942,000 after acquiring an additional 480,995 shares during the period. JPMorgan Chase & Co. increased its position in shares of EQT Midstream Partners by 20.8% during the third quarter. JPMorgan Chase & Co. now owns 1,271,917 shares of the pipeline company’s stock worth $93,817,000 after acquiring an additional 219,261 shares during the period. Citigroup Inc. increased its position in shares of EQT Midstream Partners by 60.0% during the second quarter. Citigroup Inc. now owns 449,721 shares of the pipeline company’s stock worth $33,563,000 after acquiring an additional 168,675 shares during the period. Cadence Capital Management LLC purchased a new position in shares of EQT Midstream Partners during the third quarter worth approximately $11,963,000. Finally, American Century Companies Inc. increased its position in shares of EQT Midstream Partners by 14.2% during the third quarter. American Century Companies Inc. now owns 1,028,054 shares of the pipeline company’s stock worth $77,073,000 after acquiring an additional 127,956 shares during the period. 73.71% of the stock is currently owned by institutional investors.

A number of brokerages have recently commented on EQM. Seaport Global Securities began coverage on shares of EQT Midstream Partners in a research report on Tuesday, October 10th. They set a “buy” rating and a $96.00 target price on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $96.00 target price on shares of EQT Midstream Partners in a research report on Tuesday, October 10th. US Capital Advisors lowered shares of EQT Midstream Partners from a “buy” rating to a “buy” rating in a research report on Friday, November 17th. Morgan Stanley reduced their target price on shares of 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. Finally, Mitsubishi UFJ Financial Group reaffirmed an “overweight” rating on shares of EQT Midstream Partners in a research report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. EQT Midstream Partners presently has an average rating of “Hold” and an average price target of $88.00.

EQT Midstream Partners LP (EQM) opened at $75.14 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.90 and a current ratio of 0.90. EQT Midstream Partners LP has a one year low of $64.42 and a one year high of $82.99. The stock has a market cap of $6,054.91, a P/E ratio of 14.39, a PEG ratio of 1.10 and a beta of 0.89.

EQT Midstream Partners (NYSE:EQM) last released its quarterly earnings data on Thursday, October 26th. The pipeline company reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.02. EQT Midstream Partners had a net margin of 65.99% and a return on equity of 25.85%. The firm had revenue of $207.20 million for the quarter, compared to the consensus estimate of $205.29 million. During the same period last year, the firm earned $1.23 earnings per share. The company’s quarterly revenue was up 17.2% on a year-over-year basis. analysts predict that EQT Midstream Partners LP will post 5.63 EPS for the current year.

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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.

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

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