Amalgamated Bank Sells 5,431 Shares of Equitrans Midstream Co. (NYSE:ETRN)

Amalgamated Bank lessened its stake in Equitrans Midstream Co. (NYSE:ETRNFree Report) by 2.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 260,413 shares of the company’s stock after selling 5,431 shares during the quarter. Amalgamated Bank’s holdings in Equitrans Midstream were worth $2,440,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lazard Asset Management LLC bought a new stake in shares of Equitrans Midstream during the 2nd quarter worth $25,000. Chilton Capital Management LLC bought a new position in shares of Equitrans Midstream in the first quarter worth about $33,000. Captrust Financial Advisors grew its holdings in shares of Equitrans Midstream by 50.6% during the 2nd quarter. Captrust Financial Advisors now owns 6,682 shares of the company’s stock valued at $42,000 after purchasing an additional 2,244 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in Equitrans Midstream during the 1st quarter worth approximately $52,000. Finally, AlphaMark Advisors LLC increased its position in Equitrans Midstream by 66.2% during the 3rd quarter. AlphaMark Advisors LLC now owns 5,650 shares of the company’s stock worth $53,000 after purchasing an additional 2,250 shares in the last quarter. Institutional investors own 86.68% of the company’s stock.

Equitrans Midstream Stock Down 0.5 %

Equitrans Midstream stock opened at $10.18 on Monday. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 0.51 and a beta of 1.95. Equitrans Midstream Co. has a 52-week low of $4.60 and a 52-week high of $11.00. The company has a debt-to-equity ratio of 4.67, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a 50 day moving average price of $10.29 and a two-hundred day moving average price of $9.72.

Equitrans Midstream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Tuesday, February 6th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date of this dividend is Monday, February 5th. Equitrans Midstream’s dividend payout ratio is presently 82.19%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wolfe Research cut shares of Equitrans Midstream from an “outperform” rating to a “peer perform” rating in a research note on Monday, December 4th. TheStreet upgraded Equitrans Midstream from a “d+” rating to a “c-” rating in a research report on Wednesday, December 27th. Morgan Stanley dropped their target price on Equitrans Midstream from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, October 31st. Finally, Wells Fargo & Company cut Equitrans Midstream from an “equal weight” rating to an “underweight” rating and boosted their price target for the stock from $9.00 to $10.00 in a report on Thursday, December 14th. 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.com, the stock presently has an average rating of “Hold” and a consensus price target of $10.42.

Read Our Latest Report on Equitrans Midstream

About Equitrans Midstream

(Free Report)

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

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