Equitrans Midstream (ETRN) Stock Price, News & Analysis

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Equitrans Midstream in the last year. There are currently 2 sell ratings, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ETRN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ETRN, but not buy additional shares or sell existing shares.
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9 analysts have issued 12 month price targets for Equitrans Midstream's stock. Their ETRN share price targets range from $9.00 to $13.00. On average, they expect the company's share price to reach $10.86 in the next year. This suggests that the stock has a possible downside of 12.5%.
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Equitrans Midstream's stock was trading at $10.18 on January 1st, 2024. Since then, ETRN stock has increased by 21.9% and is now trading at $12.41.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
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Equitrans Midstream Co. (NYSE:ETRN) announced its quarterly earnings results on Tuesday, February, 20th. The company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.16. The company earned $360.60 million during the quarter, compared to analysts' expectations of $348.04 million. Equitrans Midstream had a net margin of 30.89% and a trailing twelve-month return on equity of 30.41%. The company's revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 EPS.

Equitrans Midstream announced a quarterly dividend on Tuesday, January 23rd. Shareholders of record on Tuesday, February 6th will be paid a dividend of $0.15 per share on Wednesday, February 14th. This represents a $0.60 annualized dividend and a dividend yield of 4.83%. The ex-dividend date is Monday, February 5th.
Read our dividend analysis for ETRN.

Equitrans Midstream (NYSE:ETRN) pays an annual dividend of $0.60 per share and currently has a dividend yield of 4.89%. ETRN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 67.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ETRN will have a dividend payout ratio of 53.10% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ETRN.

ETFs with the largest weight of Equitrans Midstream (NYSE:ETRN) stock in their portfolio include IQ Merger Arbitrage ETF (MNA), USCF Midstream Energy Income Fund (UMI), Alerian Energy Infrastructure ETF (ENFR), Global X MLP & Energy Infrastructure ETF (MLPX), ProShares Merger ETF (MRGR), VanEck Energy Income ETF (EINC), RiverFront Dynamic US Dividend Advantage ETF (RFDA) and Invesco Dorsey Wright Energy Momentum ETF (PXI).

Equitrans Midstream's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Miller Howard Investments Inc. NY (0.24%), State of Michigan Retirement System (0.02%), True North Advisors LLC (0.02%), Inscription Capital LLC (0.01%), NBC Securities Inc. (0.01%) and IMC Chicago LLC (0.00%). Insiders that own company stock include Kirk R Oliver and Vicky A Bailey.
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Shares of ETRN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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