Strs Ohio Buys 4,900 Shares of Equitrans Midstream Co. (NYSE:ETRN)

Strs Ohio raised its holdings in Equitrans Midstream Co. (NYSE:ETRN) by 9.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,700 shares of the company’s stock after purchasing an additional 4,900 shares during the quarter. Strs Ohio’s holdings in Equitrans Midstream were worth $587,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. raised its position in Equitrans Midstream by 5.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 33,316 shares of the company’s stock valued at $312,000 after purchasing an additional 1,635 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in shares of Equitrans Midstream by 0.9% during the third quarter. Chicago Partners Investment Group LLC now owns 189,541 shares of the company’s stock worth $1,689,000 after acquiring an additional 1,681 shares during the last quarter. Arizona State Retirement System raised its position in shares of Equitrans Midstream by 1.4% during the third quarter. Arizona State Retirement System now owns 123,341 shares of the company’s stock worth $1,156,000 after acquiring an additional 1,693 shares during the last quarter. AlphaMark Advisors LLC raised its position in shares of Equitrans Midstream by 66.2% during the third quarter. AlphaMark Advisors LLC now owns 5,650 shares of the company’s stock worth $53,000 after acquiring an additional 2,250 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its position in shares of Equitrans Midstream by 0.6% during the third quarter. Los Angeles Capital Management LLC now owns 407,834 shares of the company’s stock worth $3,821,000 after acquiring an additional 2,272 shares during the last quarter. Institutional investors own 87.35% of the company’s stock.

Equitrans Midstream Stock Performance

ETRN opened at $13.75 on Friday. Equitrans Midstream Co. has a 52-week low of $4.65 and a 52-week high of $13.80. The firm has a market capitalization of $6.00 billion, a PE ratio of 15.45, a PEG ratio of 1.79 and a beta of 1.97. The company has a debt-to-equity ratio of 4.83, a quick ratio of 0.76 and a current ratio of 0.76. The business’s 50-day simple moving average is $11.77 and its 200 day simple moving average is $10.48.

Equitrans Midstream (NYSE:ETRN) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.16. The firm had revenue of $360.60 million for the quarter, compared to analyst estimates of $348.04 million. Equitrans Midstream had a return on equity of 30.41% and a net margin of 30.89%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 earnings per share. As a group, sell-side analysts expect that Equitrans Midstream Co. will post 0.87 earnings per share for the current fiscal year.

Equitrans Midstream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, May 7th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend is Monday, May 6th. Equitrans Midstream’s payout ratio is 67.42%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ETRN shares. Royal Bank of Canada restated an “outperform” rating and set a $13.00 target price on shares of Equitrans Midstream in a research report on Thursday, March 7th. Barclays boosted their target price on Equitrans Midstream from $6.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Monday, February 26th. Finally, Morgan Stanley decreased their price objective on Equitrans Midstream from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.86.

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.