Here is What Institutional Investors Think About Eqt Midstream Partners LP (NYSE:EQM)

April 16, 2018 - By Stephen Andrade

Sentiment for Eqt Midstream Partners LP (NYSE:EQM)

Eqt Midstream Partners LP (NYSE:EQM) institutional sentiment decreased to 0.99 in Q4 2017. Its down -0.16, from 1.15 in 2017Q3. The ratio has dropped, as 83 investment managers increased or started new positions, while 84 decreased and sold their stakes in Eqt Midstream Partners LP. The investment managers in our partner’s database now possess: 55.72 million shares, down from 56.89 million shares in 2017Q3. Also, the number of investment managers holding Eqt Midstream Partners LP in their top 10 positions was flat from 8 to 8 for the same number . Sold All: 19 Reduced: 65 Increased: 57 New Position: 26.

EQT Midstream Partners, LP provides natural gas transmission, storage, and gathering services in Pennsylvania, West Virginia, and Ohio. The company has market cap of $4.93 billion. The firm owns, operates, acquires, and develops midstream assets in the Appalachian Basin. It has a 11.78 P/E ratio. As of December 31, 2016, it had 13.5 trillion cubic feet of natural gas equivalents of proved natural gas, natural gas liquids, and crude oil reserves.

The stock increased 2.57% or $1.531 during the last trading session, reaching $61.131. About 152,509 shares traded. EQT Midstream Partners, LP (NYSE:EQM) has declined 25.44% since April 16, 2017 and is downtrending. It has underperformed by 36.99% the S&P500.

Analysts await EQT Midstream Partners, LP (NYSE:EQM) to report earnings on April, 26. They expect $1.45 earnings per share, up 6.62 % or $0.09 from last year’s $1.36 per share. EQM’s profit will be $116.84M for 10.54 P/E if the $1.45 EPS becomes a reality. After $1.28 actual earnings per share reported by EQT Midstream Partners, LP for the previous quarter, Wall Street now forecasts 13.28 % EPS growth.

Samson Capital Management Llc holds 7.01% of its portfolio in EQT Midstream Partners, LP for 88,550 shares. Mariner Investment Group Llc owns 175,384 shares or 5.36% of their US portfolio. Moreover, Energy Income Partners Llc has 4.27% invested in the company for 3.40 million shares. The New York-based Heronetta Management L.P. has invested 4.13% in the stock. Tortoise Capital Advisors L.L.C., a Kansas-based fund reported 7.72 million shares.#img1#

EQT Midstream Partners, LP (NYSE:EQM) Ratings Coverage

Ratings analysis reveals 56% of EQT Midstream Partners’s analysts are positive. Out of 9 Wall Street analysts rating EQT Midstream Partners, 5 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $67 while the high is $90. The stock’s average target of $77.50 is 26.78% above today’s ($61.131) share price. EQM was included in 12 notes of analysts from November 17, 2017. The stock has “Overweight” rating by Barclays Capital on Tuesday, February 27. As per Wednesday, March 21, the company rating was downgraded by Bank of America. The company was maintained on Thursday, February 15 by Stifel Nicolaus. The firm has “Hold” rating by RBC Capital Markets given on Monday, February 12. The firm earned “Hold” rating on Monday, January 22 by Citigroup. Morgan Stanley maintained EQT Midstream Partners, LP (NYSE:EQM) on Friday, November 17 with “Overweight” rating. On Wednesday, January 17 the stock rating was maintained by Stifel Nicolaus with “Buy”. Wells Fargo maintained EQT Midstream Partners, LP (NYSE:EQM) rating on Wednesday, February 21. Wells Fargo has “Outperform” rating and $77 target. The firm has “Overweight” rating given on Friday, March 16 by Morgan Stanley. Seaport Global upgraded the stock to “Buy” rating in Monday, April 9 report.

EQT Midstream Partners, LP (NYSE:EQM) Institutional Positions Chart

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