Equitrans Midstream (NASDAQ:ETRN) Declares $0.45 Dividend

Equitrans Midstream (NASDAQ:ETRN) announced a dividend on Tuesday, October 22nd, Fidelity reports. Shareholders of record on Wednesday, November 13th will be paid a dividend of 0.45 per share on Friday, November 22nd. The ex-dividend date of this dividend is Tuesday, November 12th.

ETRN stock opened at $12.30 on Friday. The stock’s fifty day simple moving average is $14.22 and its 200-day simple moving average is $16.99. Equitrans Midstream has a 52-week low of $11.53 and a 52-week high of $23.47.

Equitrans Midstream (NASDAQ:ETRN) last issued its earnings results on Tuesday, November 5th. The company reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.52. The company had revenue of $408.34 million during the quarter, compared to analyst estimates of $409.00 million.

A number of equities analysts have commented on ETRN shares. Zacks Investment Research downgraded Equitrans Midstream from a “buy” rating to a “hold” rating in a research note on Thursday. Barclays restated a “hold” rating and issued a $19.00 target price on shares of Equitrans Midstream in a research note on Wednesday, October 16th. UBS Group upgraded Equitrans Midstream from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 25th. Finally, Royal Bank of Canada set a $19.00 target price on Equitrans Midstream and gave the company a “hold” rating in a research note on Wednesday, July 31st. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Equitrans Midstream currently has an average rating of “Hold” and an average target price of $20.78.

About Equitrans Midstream

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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