Dupont Capital Management Corp lifted its stake in shares of Equitrans Midstream (NASDAQ:ETRN) by 15.5% in the third quarter, HoldingsChannel.com reports. The fund owned 18,900 shares of the company’s stock after acquiring an additional 2,538 shares during the quarter. Dupont Capital Management Corp’s holdings in Equitrans Midstream were worth $275,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of ETRN. Marshall Wace North America L.P. purchased a new position in Equitrans Midstream in the 1st quarter worth $72,000. Amundi Pioneer Asset Management Inc. raised its position in Equitrans Midstream by 81.6% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 70,847 shares of the company’s stock worth $1,543,000 after purchasing an additional 31,824 shares during the period. WINTON GROUP Ltd raised its position in Equitrans Midstream by 0.6% in the 2nd quarter. WINTON GROUP Ltd now owns 567,065 shares of the company’s stock worth $11,177,000 after purchasing an additional 3,615 shares during the period. Nisa Investment Advisors LLC raised its position in Equitrans Midstream by 60.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 119,775 shares of the company’s stock worth $2,361,000 after purchasing an additional 45,296 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in Equitrans Midstream by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 82,618 shares of the company’s stock worth $1,628,000 after purchasing an additional 1,163 shares during the period.
A number of equities analysts recently commented on ETRN shares. Barclays reiterated a “hold” rating and issued a $19.00 target price on shares of Equitrans Midstream in a research report on Wednesday, October 16th. Zacks Investment Research cut shares of Equitrans Midstream from a “buy” rating to a “hold” rating in a research report on Thursday. Royal Bank of Canada set a $19.00 target price on shares of Equitrans Midstream and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Finally, UBS Group upgraded shares of Equitrans Midstream from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 25th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $20.78.
ETRN stock opened at $12.30 on Friday. The firm’s 50-day moving average price is $14.22 and its two-hundred day moving average price is $16.99. Equitrans Midstream has a 12-month low of $11.53 and a 12-month high of $23.47.
Equitrans Midstream (NASDAQ:ETRN) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.52. The firm had revenue of $408.34 million during the quarter, compared to analysts’ expectations of $409.00 million.
The company also recently disclosed a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Wednesday, November 13th will be given a $0.45 dividend. The ex-dividend date is Tuesday, November 12th.
Equitrans Midstream 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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