State of Alaska Department of Revenue Sells 4,645 Shares of Equitrans Midstream Co. (NYSE:ETRN)

State of Alaska Department of Revenue lessened its stake in Equitrans Midstream Co. (NYSE:ETRN) by 9.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,835 shares of the company’s stock after selling 4,645 shares during the period. State of Alaska Department of Revenue’s holdings in Equitrans Midstream were worth $476,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ETRN. Global Retirement Partners LLC lifted its position in shares of Equitrans Midstream by 7,962.5% in the 4th quarter. Global Retirement Partners LLC now owns 35,717 shares of the company’s stock worth $377,000 after acquiring an additional 35,274 shares during the period. SeaCrest Wealth Management LLC boosted its stake in Equitrans Midstream by 22.8% during the fourth quarter. SeaCrest Wealth Management LLC now owns 21,721 shares of the company’s stock worth $232,000 after buying an additional 4,035 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Equitrans Midstream in the 4th quarter valued at $12,710,000. Fort Washington Investment Advisors Inc. OH raised its stake in shares of Equitrans Midstream by 13.4% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 203,022 shares of the company’s stock valued at $2,067,000 after buying an additional 24,022 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Equitrans Midstream by 128.1% during the 4th quarter. SG Americas Securities LLC now owns 82,009 shares of the company’s stock worth $835,000 after acquiring an additional 46,051 shares during the period. 87.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ETRN has been the topic of a number of analyst reports. Morgan Stanley lowered their target price on shares of Equitrans Midstream from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, February 22nd. Barclays upped their price objective on Equitrans Midstream from $6.00 to $11.00 and gave the company an “equal weight” rating in a research note on Monday, February 26th. Royal Bank of Canada reissued an “outperform” rating and issued a $13.00 target price on shares of Equitrans Midstream in a report on Thursday, March 7th. Finally, TheStreet raised Equitrans Midstream from a “d+” rating to a “c-” rating in a research note on Wednesday, December 27th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.86.

Equitrans Midstream Trading Down 0.7 %

ETRN opened at $12.71 on Friday. The firm’s fifty day moving average is $11.24 and its two-hundred day moving average is $10.24. The firm has a market cap of $5.54 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 1.70 and a beta of 1.97. Equitrans Midstream Co. has a twelve month low of $4.60 and a twelve month high of $13.06. The company has a debt-to-equity ratio of 4.83, a quick ratio of 0.76 and a current ratio of 0.76.

Equitrans Midstream (NYSE:ETRN) last posted its earnings results on Tuesday, February 20th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.16. Equitrans Midstream had a return on equity of 30.41% and a net margin of 30.89%. The firm had revenue of $360.60 million for the quarter, compared to analyst estimates of $348.04 million. During the same period in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities research analysts anticipate that Equitrans Midstream Co. will post 0.87 EPS for the current year.

Equitrans Midstream Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Tuesday, February 6th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date was Monday, February 5th. Equitrans Midstream’s payout ratio is presently 67.42%.

Equitrans Midstream Profile

Equitrans Midstream Corporation owns, operates, acquires, and develops midstream assets in the Appalachian Basin. The company operates through Gathering, Transmission, and Water segments. It operates dry gas gathering systems of high-pressure gathering lines and FERC-regulated interstate pipelines and storage systems.