Equitrans Midstream Co. (NYSE:ETRN) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its position in shares of Equitrans Midstream Co. (NYSE:ETRNGet Rating) by 16.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 54,447 shares of the company’s stock after acquiring an additional 7,623 shares during the period. Janney Montgomery Scott LLC’s holdings in Equitrans Midstream were worth $407,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ETRN. Advisor Group Holdings Inc. increased its stake in Equitrans Midstream by 8.6% during the first quarter. Advisor Group Holdings Inc. now owns 29,538 shares of the company’s stock worth $257,000 after acquiring an additional 2,349 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Equitrans Midstream by 2.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 206,910 shares of the company’s stock worth $1,746,000 after buying an additional 4,523 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Equitrans Midstream by 141.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 36,482 shares of the company’s stock worth $308,000 after buying an additional 21,372 shares during the period. AlphaCrest Capital Management LLC purchased a new stake in shares of Equitrans Midstream in the first quarter worth about $160,000. Finally, Rhumbline Advisers boosted its position in shares of Equitrans Midstream by 2.3% in the first quarter. Rhumbline Advisers now owns 1,311,185 shares of the company’s stock worth $11,066,000 after buying an additional 29,595 shares during the period. 93.50% of the stock is currently owned by institutional investors and hedge funds.

Equitrans Midstream Trading Up 4.9 %

NYSE:ETRN opened at $7.28 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 4.67. The business’s 50 day moving average is $7.33 and its two-hundred day moving average is $7.99. Equitrans Midstream Co. has a 52 week low of $5.87 and a 52 week high of $10.46. The company has a market cap of $3.16 billion, a PE ratio of -1.60, a P/E/G ratio of 5.71 and a beta of 1.95.

Equitrans Midstream (NYSE:ETRNGet Rating) last released its earnings results on Tuesday, November 1st. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). Equitrans Midstream had a positive return on equity of 8.31% and a negative net margin of 153.15%. The firm had revenue of $331.75 million for the quarter, compared to the consensus estimate of $364.03 million. On average, analysts predict that Equitrans Midstream Co. will post 0.46 EPS for the current year.

Analyst Ratings Changes

ETRN has been the subject of several analyst reports. Wolfe Research downgraded Equitrans Midstream from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, October 19th. Barclays decreased their target price on Equitrans Midstream from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 18th. Wells Fargo & Company downgraded Equitrans Midstream from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $12.00 to $8.00 in a report on Friday, December 16th. Bank of America downgraded Equitrans Midstream from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $9.00 to $6.50 in a report on Wednesday, September 28th. Finally, TheStreet downgraded Equitrans Midstream from a “c-” rating to a “d” rating in a report on Monday, September 26th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $8.17.

About Equitrans Midstream

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Equitrans Midstream Corporation owns, operates, acquires, and develops natural gas gathering, transmission and storage, and water services assets in the Appalachian Basin. It operates through three segments: Gathering System, Transmission and Storage System, and Water Service System. The Gathering System segment include 1,130 miles of high-pressure gathering lines with compression of approximately 485,000 horsepower and multiple interconnect points; and approximately 910 miles of Federal Energy Regulatory Commission (FERC) low-pressure gathering lines.

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

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