Q2 2018 EPS Estimates for EQT Midstream Partners Lifted by US Capital Advisors (EQM)

EQT Midstream Partners (NYSE:EQM) – Investment analysts at US Capital Advisors raised their Q2 2018 earnings per share estimates for shares of EQT Midstream Partners in a research note issued to investors on Monday, May 14th. US Capital Advisors analyst C. Crosby now anticipates that the pipeline company will post earnings of $1.57 per share for the quarter, up from their previous estimate of $1.42.

Other equities research analysts have also recently issued research reports about the stock. Stifel Nicolaus reduced their target price on shares of EQT Midstream Partners from $90.00 to $89.00 and set a “buy” rating for the company in a research report on Friday, February 16th. Seaport Global Securities raised shares of EQT Midstream Partners from a “neutral” rating to a “buy” rating and reduced their target price for the company from $70.00 to $67.00 in a research report on Monday, April 9th. Deutsche Bank started coverage on shares of EQT Midstream Partners in a research report on Friday, April 20th. They issued a “buy” rating and a $78.00 target price for the company. TheStreet cut shares of EQT Midstream Partners from a “b-” rating to a “c+” rating in a research report on Monday, March 19th. Finally, ValuEngine cut shares of EQT Midstream Partners from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. EQT Midstream Partners currently has a consensus rating of “Hold” and a consensus target price of $75.73.

Shares of EQT Midstream Partners opened at $55.04 on Wednesday, MarketBeat.com reports. The stock has a market capitalization of $4.32 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 0.77 and a beta of 0.92. EQT Midstream Partners has a 52-week low of $53.64 and a 52-week high of $53.96. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.90 and a quick ratio of 0.90.

EQT Midstream Partners (NYSE:EQM) last announced its earnings results on Thursday, April 26th. The pipeline company reported $1.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.19. The company had revenue of $232.80 million during the quarter, compared to analysts’ expectations of $232.38 million. EQT Midstream Partners had a net margin of 65.11% and a return on equity of 26.35%. EQT Midstream Partners’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.36 earnings per share.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Atlantic Trust Group LLC lifted its position in EQT Midstream Partners by 20.5% during the first quarter. Atlantic Trust Group LLC now owns 86,849 shares of the pipeline company’s stock worth $5,127,000 after purchasing an additional 14,768 shares during the period. Tortoise Capital Advisors L.L.C. lifted its holdings in shares of EQT Midstream Partners by 7.4% in the first quarter. Tortoise Capital Advisors L.L.C. now owns 8,285,164 shares of the pipeline company’s stock worth $489,073,000 after acquiring an additional 567,332 shares during the last quarter. Brookfield Asset Management Inc. lifted its holdings in shares of EQT Midstream Partners by 556.1% in the first quarter. Brookfield Asset Management Inc. now owns 994,647 shares of the pipeline company’s stock worth $58,714,000 after acquiring an additional 843,057 shares during the last quarter. Zimmer Partners LP lifted its holdings in shares of EQT Midstream Partners by 107.3% in the first quarter. Zimmer Partners LP now owns 346,278 shares of the pipeline company’s stock worth $20,441,000 after acquiring an additional 179,274 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in shares of EQT Midstream Partners by 31.0% in the first quarter. Guggenheim Capital LLC now owns 31,477 shares of the pipeline company’s stock worth $1,858,000 after acquiring an additional 7,450 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Friday, May 4th were given a dividend of $1.065 per share. This is a boost from EQT Midstream Partners’s previous quarterly dividend of $1.03. The ex-dividend date was Thursday, May 3rd. This represents a $4.26 annualized dividend and a yield of 7.74%. EQT Midstream Partners’s dividend payout ratio is currently 82.08%.

EQT Midstream Partners Company Profile

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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