Private Advisor Group LLC lowered its position in Equitrans Midstream Co. (NYSE:ETRN – Free Report) by 15.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,459 shares of the company’s stock after selling 3,016 shares during the period. Private Advisor Group LLC’s holdings in Equitrans Midstream were worth $154,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in ETRN. Lazard Asset Management LLC purchased a new stake in shares of Equitrans Midstream in the second quarter valued at about $25,000. Chilton Capital Management LLC purchased a new stake in shares of Equitrans Midstream in the first quarter valued at about $33,000. Captrust Financial Advisors increased its holdings in Equitrans Midstream by 50.6% during the second quarter. Captrust Financial Advisors now owns 6,682 shares of the company’s stock worth $42,000 after buying an additional 2,244 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in Equitrans Midstream during the first quarter worth about $52,000. Finally, AlphaMark Advisors LLC increased its holdings in Equitrans Midstream by 66.2% during the third quarter. AlphaMark Advisors LLC now owns 5,650 shares of the company’s stock worth $53,000 after buying an additional 2,250 shares during the last quarter. Hedge funds and other institutional investors own 86.68% of the company’s stock.
Equitrans Midstream Price Performance
ETRN stock opened at $10.12 on Thursday. The firm has a 50 day moving average of $10.28 and a 200-day moving average of $9.70. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.67. Equitrans Midstream Co. has a 12 month low of $4.60 and a 12 month high of $11.00. The firm has a market capitalization of $4.38 billion, a P/E ratio of 13.86, a price-to-earnings-growth ratio of 0.50 and a beta of 1.95.
Equitrans Midstream Announces Dividend
Wall Street Analyst Weigh In
A number of research firms recently issued reports on ETRN. Morgan Stanley decreased their price objective on shares of Equitrans Midstream from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 31st. Wolfe Research downgraded shares of Equitrans Midstream from an “outperform” rating to a “peer perform” rating in a report on Monday, December 4th. Wells Fargo & Company downgraded shares of Equitrans Midstream from an “equal weight” rating to an “underweight” rating and raised their price objective for the stock from $9.00 to $10.00 in a report on Thursday, December 14th. Finally, TheStreet upgraded shares of Equitrans Midstream from a “d+” rating to a “c-” rating in a research report on Wednesday, December 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.42.
About Equitrans Midstream
Equitrans Midstream Corporation owns, operates, acquires, and develops midstream assets in the Appalachian Basin. It operates through three segments: Gathering, Transmission, and Water. The company operates dry gas gathering systems of high-pressure gathering lines; FERC-regulated interstate pipelines and storage systems; and water pipelines and other facilities that deliver fresh water from local municipal water authorities, the Monongahela River, the Ohio River, local reservoirs, and several regional waterways.
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