United Services Automobile Association Purchases 2,252 Shares of Equitrans Midstream Co. (NYSE:ETRN)

United Services Automobile Association increased its position in shares of Equitrans Midstream Co. (NYSE:ETRN – Get Rating) by 5.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,743 shares of the company’s stock after buying an additional 2,252 shares during the quarter. United Services Automobile Association’s holdings in Equitrans Midstream were worth $343,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ETRN. MML Investors Services LLC lifted its stake in Equitrans Midstream by 9.0% in the 3rd quarter. MML Investors Services LLC now owns 17,360 shares of the company’s stock valued at $130,000 after acquiring an additional 1,437 shares in the last quarter. Maverick Capital Ltd. lifted its stake in Equitrans Midstream by 11.8% in the 1st quarter. Maverick Capital Ltd. now owns 14,713 shares of the company’s stock valued at $124,000 after acquiring an additional 1,558 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Equitrans Midstream by 2.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 60,039 shares of the company’s stock valued at $449,000 after acquiring an additional 1,585 shares in the last quarter. Pathstone Family Office LLC lifted its stake in Equitrans Midstream by 12.7% in the 3rd quarter. Pathstone Family Office LLC now owns 14,227 shares of the company’s stock valued at $106,000 after acquiring an additional 1,606 shares in the last quarter. Finally, Jacobi Capital Management LLC raised its stake in shares of Equitrans Midstream by 15.6% during the 3rd quarter. Jacobi Capital Management LLC now owns 12,720 shares of the company’s stock worth $95,000 after purchasing an additional 1,720 shares in the last quarter. Institutional investors and hedge funds own 93.50% of the company’s stock.

Equitrans Midstream Stock Up 2.8 %

ETRN opened at $5.78 on Wednesday. Equitrans Midstream Co. has a 1-year low of $5.48 and a 1-year high of $9.90. The stock’s fifty day simple moving average is $6.68 and its 200 day simple moving average is $7.56. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 4.91. The stock has a market cap of $2.51 billion, a PE ratio of -8.03, a price-to-earnings-growth ratio of 4.82 and a beta of 1.96.

Equitrans Midstream (NYSE:ETRN – Get Rating) last issued its quarterly earnings data on Tuesday, February 21st. The company reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. Equitrans Midstream had a positive return on equity of 14.20% and a negative net margin of 18.77%. The firm had revenue of $355.24 million for the quarter, compared to analyst estimates of $336.26 million. During the same period in the prior year, the firm posted ($0.07) EPS. The company’s revenue for the quarter was up 44.0% on a year-over-year basis. As a group, research analysts expect that Equitrans Midstream Co. will post 0.46 earnings per share for the current year.

Equitrans Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 14th. Shareholders of record on Monday, February 6th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 10.38%. The ex-dividend date of this dividend was Friday, February 3rd. Equitrans Midstream’s dividend payout ratio is -83.33%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Barclays dropped their price objective on Equitrans Midstream from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 18th. The Goldman Sachs Group cut Equitrans Midstream from a “buy” rating to a “sell” rating and dropped their price objective for the stock from $9.50 to $6.00 in a research note on Tuesday, January 31st. Citigroup assumed coverage on Equitrans Midstream in a research note on Thursday, December 8th. They set a “neutral” rating and a $8.00 price objective on the stock. Finally, Wells Fargo & Company cut Equitrans Midstream from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $12.00 to $8.00 in a research note on Friday, December 16th. Three research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.50.

About Equitrans Midstream

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Equitrans Midstream Corp. has a premier asset footprint in the Appalachian Basin and is one of the largest natural gas gatherers in the United States. It focuses on gas gathering systems, transmission and storage systems, and water services assets that support natural gas producers across the Basin. The company operates through the following segments: Gathering, Transmission and Water.