Mutual of America Capital Management LLC Sells 13,907 Shares of Equitrans Midstream Co. (NYSE:ETRN)

Mutual of America Capital Management LLC decreased its holdings in shares of Equitrans Midstream Co. (NYSE:ETRN) by 4.9% in the fourth quarter, HoldingsChannel reports. The fund owned 267,472 shares of the company’s stock after selling 13,907 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Equitrans Midstream were worth $2,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Maverick Capital Ltd. grew its position in shares of Equitrans Midstream by 11.8% during the 1st 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 during the period. Pathstone Family Office LLC grew its position in shares of Equitrans Midstream by 12.7% during the 3rd quarter. Pathstone Family Office LLC now owns 14,227 shares of the company’s stock valued at $106,000 after acquiring an additional 1,606 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of Equitrans Midstream by 5.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 33,316 shares of the company’s stock valued at $312,000 after acquiring an additional 1,635 shares during the period. Chicago Partners Investment Group LLC grew its position in shares of Equitrans Midstream by 0.9% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 189,541 shares of the company’s stock valued at $1,689,000 after acquiring an additional 1,681 shares during the period. Finally, Arizona State Retirement System grew its position in shares of Equitrans Midstream by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 123,341 shares of the company’s stock valued at $1,156,000 after acquiring an additional 1,693 shares during the period. Institutional investors own 87.35% of the company’s stock.

Equitrans Midstream Stock Down 0.1 %

Shares of ETRN stock opened at $12.26 on Friday. The stock has a market cap of $5.35 billion, a P/E ratio of 13.78, a PEG ratio of 1.64 and a beta of 1.97. Equitrans Midstream Co. has a 52 week low of $4.60 and a 52 week high of $13.06. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 4.83. The company’s fifty day simple moving average is $11.41 and its two-hundred day simple moving average is $10.32.

Equitrans Midstream (NYSE:ETRN) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.16 by $0.16. The business had revenue of $360.60 million for the quarter, compared to analysts’ expectations of $348.04 million. Equitrans Midstream had a net margin of 30.89% and a return on equity of 30.41%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.13 EPS. Analysts predict that Equitrans Midstream Co. will post 0.87 EPS for the current fiscal year.

Equitrans Midstream Dividend Announcement

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. This represents a $0.60 annualized dividend and a dividend yield of 4.89%. The ex-dividend date was Monday, February 5th. Equitrans Midstream’s dividend payout ratio is 67.42%.

Analyst Ratings Changes

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

About Equitrans Midstream

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.