Cincinnati Insurance Co. held its position in EQT Midstream Partners, LP (NYSE:EQM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,596 shares of the pipeline company’s stock at the end of the second quarter. Cincinnati Insurance Co.’s holdings in EQT Midstream Partners, were worth $1,686,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pointe Capital Management LLC raised its position in EQT Midstream Partners, by 0.5% in the second quarter. Pointe Capital Management LLC now owns 21,095 shares of the pipeline company’s stock worth $1,574,000 after buying an additional 109 shares during the last quarter. Covenant Asset Management LLC raised its position in EQT Midstream Partners, by 5.9% in the second quarter. Covenant Asset Management LLC now owns 3,970 shares of the pipeline company’s stock worth $296,000 after buying an additional 220 shares during the last quarter. Uniplan Investment Counsel Inc. raised its position in EQT Midstream Partners, by 0.8% in the first quarter. Uniplan Investment Counsel Inc. now owns 62,405 shares of the pipeline company’s stock worth $4,797,000 after buying an additional 495 shares during the last quarter. SG Americas Securities LLC raised its position in EQT Midstream Partners, by 1.5% in the second quarter. SG Americas Securities LLC now owns 37,873 shares of the pipeline company’s stock worth $2,826,000 after buying an additional 573 shares during the last quarter. Finally, Round Table Services LLC raised its position in EQT Midstream Partners, by 23.6% in the second quarter. Round Table Services LLC now owns 3,925 shares of the pipeline company’s stock worth $293,000 after buying an additional 750 shares during the last quarter. 73.44% of the stock is currently owned by institutional investors.

Shares of EQT Midstream Partners, LP (NYSE:EQM) opened at 75.25 on Monday. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 14.50 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. The firm has a 50-day moving average of $75.40 and a 200 day moving average of $76.06.

EQT Midstream Partners, (NYSE:EQM) last announced 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. EQT Midstream Partners, had a net margin of 66.99% and a return on equity of 25.61%. The company had revenue of $199 million during the quarter, compared to analyst estimates of $195 million. During the same period in the previous year, the firm posted $1.27 earnings per share. The company’s revenue was up 11.8% compared to the same quarter last year. On average, analysts expect that EQT Midstream Partners, LP will post $5.50 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Friday, August 4th were issued a $0.935 dividend. The ex-dividend date of this dividend was Wednesday, August 2nd. 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 yield of 4.99%. EQT Midstream Partners,’s payout ratio is presently 72.34%.

COPYRIGHT VIOLATION NOTICE: “EQT Midstream Partners, LP (EQM) Stake Maintained by Cincinnati Insurance Co.” was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://theolympiareport.com/2017/08/28/eqt-midstream-partners-lp-eqm-stake-maintained-by-cincinnati-insurance-co.html.

A number of research analysts recently weighed in on the stock. BidaskClub lowered shares of EQT Midstream Partners, from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Stifel Nicolaus reissued a “hold” rating and set a $79.00 price target on shares of EQT Midstream Partners, in a research report on Friday, July 21st. Morgan Stanley raised their price target on shares of EQT Midstream Partners, from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, July 14th. TheStreet lowered shares of EQT Midstream Partners, from a “b” rating to a “c+” rating in a research report on Thursday, June 15th. Finally, Scotiabank set a $94.00 price target on shares of EQT Midstream Partners, and gave the company a “hold” rating in a research report on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. EQT Midstream Partners, presently has an average 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.

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)

Receive News & Ratings for EQT Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT Midstream Partners LP and related companies with Analyst Ratings Network's FREE daily email newsletter.