EQT Midstream Partners LP (NYSE:EQM) – Research analysts at US Capital Advisors decreased their Q3 2017 earnings per share estimates for shares of EQT Midstream Partners in a research report issued on Wednesday. US Capital Advisors analyst B. Followill now expects that the pipeline company will earn $1.30 per share for the quarter, down from their previous estimate of $1.32. US Capital Advisors also issued estimates for EQT Midstream Partners’ Q1 2018 earnings at $1.36 EPS and FY2018 earnings at $5.76 EPS.

EQT Midstream Partners (NYSE:EQM) last announced its quarterly earnings data on Thursday, April 27th. The pipeline company reported $1.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.38 by $0.02. EQT Midstream Partners had a return on equity of 26.15% and a net margin of 67.66%. The business had revenue of $203.40 million for the quarter, compared to analyst estimates of $204.73 million. During the same period in the prior year, the company earned $1.39 EPS. The company’s revenue was up 9.5% on a year-over-year basis.

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Earnings History and Estimates for EQT Midstream Partners (NYSE:EQM)

EQM has been the subject of several other research reports. Scotiabank reiterated a “hold” rating and set a $92.00 target price on shares of EQT Midstream Partners in a research report on Monday, February 6th. Royal Bank of Canada reiterated a “buy” rating and set a $98.00 target price on shares of EQT Midstream Partners in a research report on Friday, March 17th. Finally, Morgan Stanley upgraded shares of EQT Midstream Partners from an “equal weight” rating to a “buy” rating and upped their target price for the company from $87.00 to $89.00 in a research report on Tuesday, February 14th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $90.33.

EQT Midstream Partners (NYSE:EQM) opened at 74.36 on Monday. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of 14.35 and a beta of 0.91. EQT Midstream Partners has a one year low of $69.20 and a one year high of $82.99. The company’s 50-day moving average price is $76.03 and its 200-day moving average price is $76.24.

Several hedge funds have recently added to or reduced their stakes in EQM. LVW Advisors LLC boosted its stake in EQT Midstream Partners by 0.7% in the fourth quarter. LVW Advisors LLC now owns 3,697 shares of the pipeline company’s stock worth $283,000 after buying an additional 25 shares in the last quarter. Cypress Wealth Advisors LLC boosted its stake in EQT Midstream Partners by 0.9% in the fourth quarter. Cypress Wealth Advisors LLC now owns 5,550 shares of the pipeline company’s stock worth $426,000 after buying an additional 50 shares in the last quarter. Cim LLC boosted its stake in EQT Midstream Partners by 4.6% in the first quarter. Cim LLC now owns 6,315 shares of the pipeline company’s stock worth $486,000 after buying an additional 280 shares in the last quarter. Country Club Trust Company n.a. boosted its stake in EQT Midstream Partners by 5.5% in the first quarter. Country Club Trust Company n.a. now owns 6,918 shares of the pipeline company’s stock worth $532,000 after buying an additional 360 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. boosted its stake in EQT Midstream Partners by 0.8% in the first quarter. Uniplan Investment Counsel Inc. now owns 62,405 shares of the pipeline company’s stock worth $4,797,000 after buying an additional 495 shares in the last quarter. Institutional investors and hedge funds own 72.60% of the company’s stock.

In other EQT Midstream Partners news, COO M Elise Hyland sold 1,001 shares of the company’s stock in a transaction on Friday, March 31st. The shares were sold at an average price of $76.45, for a total transaction of $76,526.45. Following the completion of the sale, the chief operating officer now owns 7,900 shares in the company, valued at approximately $603,955. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, May 5th were given a dividend of $0.89 per share. This is a boost from EQT Midstream Partners’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Wednesday, May 3rd. This represents a $3.56 annualized dividend and a dividend yield of 4.79%. EQT Midstream Partners’s payout ratio is presently 65.38%.

EQT Midstream Partners Company Profile

EQT Midstream Partners, LP (EQM) owns, operates, acquires and develops midstream assets in the Appalachian Basin. The Company’s segments include Gathering and Transmission. The Gathering segment primarily includes high pressure gathering lines and the Federal Energy Regulatory Commission (FERC)-regulated low pressure gathering system.

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