Cohen & Steers Inc. Takes Position in Equitrans Midstream (ETRN)

Cohen & Steers Inc. acquired a new position in shares of Equitrans Midstream (NASDAQ:ETRN) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 59,157 shares of the company’s stock, valued at approximately $1,184,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Canton Hathaway LLC purchased a new stake in shares of Equitrans Midstream during the 4th quarter worth $26,000. JFS Wealth Advisors LLC purchased a new stake in shares of Equitrans Midstream during the 4th quarter worth $30,000. Caption Management LLC purchased a new stake in shares of Equitrans Midstream during the 4th quarter worth $40,000. Van ECK Associates Corp purchased a new stake in shares of Equitrans Midstream during the 4th quarter worth $42,000. Finally, Whittier Trust Co. purchased a new stake in shares of Equitrans Midstream during the 4th quarter worth $44,000.

Shares of NASDAQ ETRN opened at $20.19 on Friday. Equitrans Midstream has a 1-year low of $17.63 and a 1-year high of $23.47.

Equitrans Midstream (NASDAQ:ETRN) last released its quarterly earnings results on Thursday, February 14th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.28. The business had revenue of $384.79 million during the quarter, compared to analysts’ expectations of $380.20 million.

The firm also recently declared a special dividend, which was paid on Wednesday, February 27th. Shareholders of record on Friday, February 15th were paid a $0.41 dividend. The ex-dividend date was Thursday, February 14th.

A number of brokerages recently weighed in on ETRN. Barclays began coverage on Equitrans Midstream in a research note on Friday, December 7th. They set an “equal weight” rating and a $23.00 price objective for the company. Zacks Investment Research upgraded Equitrans Midstream from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Wednesday, January 9th. Credit Suisse Group began coverage on Equitrans Midstream in a research note on Friday, December 14th. They set a “neutral” rating and a $25.00 price objective for the company. LADENBURG THALM/SH SH began coverage on Equitrans Midstream in a research note on Monday, November 19th. They set a “buy” rating and a $26.00 price objective for the company. Finally, Wolfe Research began coverage on Equitrans Midstream in a research note on Tuesday, November 20th. They set an “outperform” rating and a $25.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $23.83.

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Equitrans Midstream Company Profile

Equitrans Midstream Corp. is a wholly-owned subsidiary of EQT. It doesn’t have business operations. The company was founded on February 21, 2018 and is headquartered in Canonsburg, PA.

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Institutional Ownership by Quarter for Equitrans Midstream (NASDAQ:ETRN)

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