State of New Jersey Common Pension Fund D boosted its holdings in shares of EQT Midstream Partners, LP (NYSE:EQM) by 33.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,300 shares of the pipeline company’s stock after purchasing an additional 29,400 shares during the period. State of New Jersey Common Pension Fund D owned about 0.15% of EQT Midstream Partners, worth $8,794,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in EQM. IFP Advisors Inc increased its holdings in EQT Midstream Partners, by 120.5% during the 2nd quarter. IFP Advisors Inc now owns 1,808 shares of the pipeline company’s stock valued at $135,000 after purchasing an additional 988 shares during the period. V Wealth Management LLC purchased a new position in EQT Midstream Partners, during the 2nd quarter valued at about $178,000. Saratoga Research & Investment Management purchased a new position in EQT Midstream Partners, during the 3rd quarter valued at about $186,000. The Manufacturers Life Insurance Company increased its holdings in EQT Midstream Partners, by 49.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,613 shares of the pipeline company’s stock valued at $269,000 after purchasing an additional 1,198 shares during the period. Finally, Round Table Services LLC increased its holdings in EQT Midstream Partners, by 23.6% during the 2nd quarter. Round Table Services LLC now owns 3,925 shares of the pipeline company’s stock valued at $293,000 after purchasing an additional 750 shares during the period. Institutional investors own 73.32% of the company’s stock.

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Several research firms have weighed in on EQM. Scotiabank set a $94.00 price objective on EQT Midstream Partners, and gave the company a “hold” rating in a research report on Saturday, July 22nd. TheStreet raised EQT Midstream Partners, from a “c+” rating to a “b-” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $96.00 price objective on shares of EQT Midstream Partners, in a research report on Tuesday, October 10th. BidaskClub raised EQT Midstream Partners, from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research cut EQT Midstream Partners, from a “hold” rating to a “strong sell” rating in a research report on Monday, October 16th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. EQT Midstream Partners, presently has an average rating of “Hold” and a consensus target price of $91.50.

Shares of EQT Midstream Partners, LP (EQM) opened at 73.06 on Wednesday. EQT Midstream Partners, LP has a 12 month low of $68.76 and a 12 month high of $82.99. The company has a market capitalization of $5.89 billion, a PE ratio of 14.08 and a beta of 0.88. The stock has a 50 day moving average price of $74.17 and a 200-day moving average price of $74.65.

EQT Midstream Partners, (NYSE:EQM) last announced its earnings results on Thursday, October 26th. The pipeline company reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.02. The company had revenue of $207.20 million during the quarter, compared to the consensus estimate of $205.29 million. EQT Midstream Partners, had a net margin of 65.99% and a return on equity of 25.85%. EQT Midstream Partners,’s revenue was up 17.2% compared to the same quarter last year. During the same period last year, the firm earned $1.23 earnings per share. Analysts forecast that EQT Midstream Partners, LP will post $5.53 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Friday, November 3rd will be paid a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 5.37%. This is an increase from EQT Midstream Partners,’s previous quarterly dividend of $0.94. The ex-dividend date of this dividend is Thursday, November 2nd. EQT Midstream Partners,’s dividend payout ratio (DPR) is 71.65%.

EQT Midstream Partners, 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.

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

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