Equitrans Midstream Co. (NYSE:ETRN) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its stake in shares of Equitrans Midstream Co. (NYSE:ETRN) by 48.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 42,670 shares of the company’s stock after purchasing an additional 14,000 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Equitrans Midstream were worth $434,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Maverick Capital Ltd. increased its holdings in shares of Equitrans Midstream by 11.8% during the first quarter. Maverick Capital Ltd. now owns 14,713 shares of the company’s stock valued at $124,000 after acquiring an additional 1,558 shares in the last quarter. Pathstone Family Office LLC boosted its position in Equitrans Midstream by 12.7% in the third quarter. Pathstone Family Office LLC now owns 14,227 shares of the company’s stock valued at $106,000 after buying an additional 1,606 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Equitrans Midstream by 5.2% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 33,316 shares of the company’s stock valued at $312,000 after buying an additional 1,635 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in Equitrans Midstream by 0.9% in the third quarter. Chicago Partners Investment Group LLC now owns 189,541 shares of the company’s stock valued at $1,689,000 after buying an additional 1,681 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in Equitrans Midstream by 1.4% in the third quarter. Arizona State Retirement System now owns 123,341 shares of the company’s stock valued at $1,156,000 after buying an additional 1,693 shares during the last quarter. Institutional investors and hedge funds own 87.35% of the company’s stock.

Wall Street Analyst Weigh In

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

Equitrans Midstream Trading Down 0.1 %

Equitrans Midstream stock opened at $12.28 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 4.83. Equitrans Midstream Co. has a 12 month low of $4.60 and a 12 month high of $13.06. The stock’s 50 day simple moving average is $11.37 and its two-hundred day simple moving average is $10.30. The firm has a market cap of $5.35 billion, a PE ratio of 13.79, a P/E/G ratio of 1.65 and a beta of 1.97.

Equitrans Midstream (NYSE:ETRN) last announced its earnings results on Tuesday, February 20th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm posted $0.13 EPS. The business’s revenue was up 1.5% on a year-over-year basis. Analysts anticipate that Equitrans Midstream Co. will post 0.87 earnings per share for the current year.

Equitrans Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Tuesday, February 6th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.89%. Equitrans Midstream’s dividend payout ratio (DPR) is 67.42%.

Equitrans Midstream Company 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.