Dividend Assets Capital LLC increased its position in shares of EQT Midstream Partners, LP (NYSE:EQM) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 506,909 shares of the pipeline company’s stock after acquiring an additional 1,886 shares during the quarter. EQT Midstream Partners, comprises 1.6% of Dividend Assets Capital LLC’s holdings, making the stock its 25th biggest position. Dividend Assets Capital LLC owned 0.63% of EQT Midstream Partners, worth $38,003,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EQM. ING Groep NV raised its stake in shares of EQT Midstream Partners, by 248.4% during the 2nd quarter. ING Groep NV now owns 695,000 shares of the pipeline company’s stock worth $51,868,000 after acquiring an additional 495,500 shares in the last quarter. Alps Advisors Inc. raised its stake in shares of EQT Midstream Partners, by 11.2% during the 3rd 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 in the last quarter. Marshall Wace North America L.P. raised its stake in shares of EQT Midstream Partners, by 282.2% during the 2nd quarter. Marshall Wace North America L.P. now owns 488,401 shares of the pipeline company’s stock worth $36,630,000 after acquiring an additional 360,601 shares in the last quarter. Hamlin Capital Management LLC raised its stake in shares of EQT Midstream Partners, by 26.6% during the 2nd quarter. Hamlin Capital Management LLC now owns 1,116,129 shares of the pipeline company’s stock worth $83,297,000 after acquiring an additional 234,542 shares in the last quarter. Finally, Citigroup Inc. raised its stake in shares of EQT Midstream Partners, by 60.0% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 74.07% of the company’s stock.

EQT Midstream Partners, LP (NYSE:EQM) traded down $0.36 during trading hours on Monday, reaching $70.89. 154,400 shares of the company’s stock traded hands, compared to its average volume of 255,826. The stock has a market cap of $5,712.44, a P/E ratio of 13.58, a PEG ratio of 1.06 and a beta of 0.93. EQT Midstream Partners, LP has a 12 month low of $68.76 and a 12 month high of $82.99. 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, (NYSE:EQM) last released its earnings results on Thursday, October 26th. The pipeline company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.02. The company had revenue of $207.20 million for 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 quarter in the previous year, the firm earned $1.23 EPS. research analysts anticipate that EQT Midstream Partners, LP will post 5.59 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Friday, November 3rd will be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 5.53%. The ex-dividend date of this dividend is Thursday, November 2nd. This is an increase from EQT Midstream Partners,’s previous quarterly dividend of $0.94. EQT Midstream Partners,’s payout ratio is currently 75.10%.

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Several research firms recently commented on EQM. BidaskClub lowered shares of EQT Midstream Partners, from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Stifel Nicolaus reiterated a “hold” rating and set a $79.00 price objective on shares of EQT Midstream Partners, in a research note on Friday, July 21st. TheStreet upgraded shares of EQT Midstream Partners, from a “c+” rating to a “b-” rating in a research note on Wednesday, July 19th. Seaport Global Securities began coverage on shares of EQT Midstream Partners, in a research note on Tuesday, October 10th. They set a “buy” rating and a $96.00 price objective for the company. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $96.00 price objective on shares of EQT Midstream Partners, in a research note on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $91.50.

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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