EQT Midstream Partners, LP (EQM) Stake Boosted by Virtu Financial LLC

Paterniano Del Favero
Luglio 30, 2017

123,612 shares of the company's stock were exchanged. Raymond James Financial Services Advisors Inc. boosted its stake in Summit Midstream Partners, by 3.4% in the fourth quarter.

A number of research firms recently commented on RMP. Raymond James Financial Services Advisors Inc. now owns 10,340 shares of the pipeline company's stock worth $260,000 after buying an additional 340 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Hess Midstream Partners during the second quarter worth about $119,000. Creative Planning now owns 5,880 shares of the pipeline company's stock worth $452,000 after buying an additional 1,411 shares during the period. Finally, Wells Fargo & Company raised shares of Rice Midstream Partners from a "market perform" rating to an "outperform" rating in a report on Monday, July 17th. OppenheimerFunds Inc. now owns 13,042,073 shares of the pipeline company's stock worth $1,003,066,000 after buying an additional 2,345,950 shares during the period. Institutional investors own 74.92% of the company's stock.

TRADEMARK VIOLATION WARNING: "DCP Midstream Partners, LP (NYSE:DCP) Downgraded by Zacks Investment Research" was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. Rice Midstream Partners has a 12 month low of $16.87 and a 12 month high of $26.42. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 14.74 and a beta of 0.89. The company's 50-day moving average price is $20.67 and its 200-day moving average price is $23.77.

EQT Midstream Partners, (NYSE:EQM) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.23 by $0.02. The firm had revenue of $199 million for the quarter, compared to analysts' expectations of $195 million. Rice Midstream Partners had a net margin of 58.46% and a return on equity of 12.79%. The firm's revenue was up 11.8% compared to the same quarter past year. EQT Midstream Partners, now has an average rating of "Hold" and a consensus price target of $89.50. On average, equities research analysts predict that Magellan Midstream Partners L.P. will post $3.88 earnings per share for the current year. Shareholders of record on Tuesday, August 8th will be paid a dividend of 0.2711 per share by the oil and gas producer on Thursday, August 17th.

DCP Midstream Partners, (NYSE DCP) traded down 0.41% during midday trading on Tuesday, hitting $34.19. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $1.08 annualized dividend and a dividend yield of 5.27%.

Rice Midstream Partners has a dividend payout ratio of 77.1% indicating that its dividend is now covered by earnings, but may not be in the future if the company's earnings fall. Chickasaw Capital Management LLC increased its stake in Magellan Midstream Partners L.P.by 2.9% in the first quarter. The correct version of this news story can be read at https://transcriptdaily.com/2017/07/30/zacks-investment-research-upgrades-hess-midstream-partners-lp-nasdaqhesm-to-buy-updated.html. They set a buy rating and a $32.00 price target on the stock. Mizuho downgraded shares of Magellan Midstream Partners L.P. from a "neutral" rating to an "underperform" rating and reduced their price target for the company from $74.00 to $72.00 in a research note on Monday, July 10th. Stifel Nicolaus reaffirmed a "hold" rating and set a $79.00 price target on shares of EQT Midstream Partners, in a research note on Friday, July 21st. Scotiabank restated a buy rating and set a $28.00 price objective on shares of Rice Midstream Partners in a research note on Monday, April 3rd. BidaskClub raised shares of Summit Midstream Partners, from a "sell" rating to a "hold" rating in a research note on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The company now has a consensus rating of Hold and an average target price of $24.22.

Summit Midstream Partners, LP focuses on developing, owning and operating midstream energy infrastructure assets. The Company's segments include Gathering and Transmission. The Gathering segment primarily includes high pressure gathering lines and the Federal Energy Regulatory Commission (FERC)-regulated low pressure gathering system.

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