Today’s Dividend Action: Nov 14, 2016 will mean $0.82 dividends for EQT Midstream Partners, LP (NYSE:EQM) shareholders.

Today's Dividend Action: Nov 14, 2016 will mean $0.82 dividends for EQT Midstream Partners, LP (NYSE:EQM) shareholders.

EQT Midstream Partners, LP (NYSE:EQM) is expected to pay $0.82 on Nov 14, 2016. The indicated annual dividend is $3.26. Shareholders owning the stock before Nov 2, 2016 will be eligible to receive the payout. Based on EQT Midstream Partners, LP’s current price of $74.87, the dividend is 1.09%. This dividend’s record date is Nov 4, 2016 and the announcement date is Oct 26, 2016. The stock decreased 0.07% or $0.05 on October 31, hitting $74.87. EQT Midstream Partners LP (NYSE:EQM) has risen 1.74% since March 30, 2016 and is uptrending. It has underperformed by 1.27% the S&P500.

EQT Midstream Partners, LP owns, operates, acquires and develops midstream assets in the Appalachian Basin. The company has a market cap of $6.14 billion. The Firm operates through two divisions: Transmission and storage, which includes its Federal Energy Regulatory Commission (FERC)-regulated interstate pipeline and storage business, and Gathering, which includes high pressure gathering lines and the FERC-regulated low pressure gathering system. It has a 14.58 P/E ratio. It provides midstream services to EQT Corporation (EQT) and multiple third parties across 20 counties in Pennsylvania and West Virginia through its approximately two assets, such as the transmission and storage system, which serves as a header system transmission pipeline, and the gathering system, which delivers natural gas from wells and other receipt points to transmission pipelines.

Insitutional Activity: The institutional sentiment decreased to 1.13 in Q2 2016. Its down 0.35, from 1.48 in 2016Q1. The ratio is negative, as 18 funds sold all EQT Midstream Partners LP shares owned while 57 reduced positions. 25 funds bought stakes while 60 increased positions. They now own 53.93 million shares or 11.60% less from 61.01 million shares in 2016Q1.
Pnc Fincl Service Grp holds 0.01% or 137,063 shares in its portfolio. Westwood Hldg Group Inc Inc Inc holds 0.33% of its portfolio in EQT Midstream Partners LP (NYSE:EQM) for 458,355 shares. Castleark Mngmt Ltd last reported 0.15% of its portfolio in the stock. Invsts Capital Advisory, a Massachusetts-based fund reported 6,038 shares. Blair William & Il has 4,018 shares for 0% of their US portfolio. Neuberger Berman Group Ltd, a New York-based fund reported 2.60M shares. National Bank Of Montreal Can has invested 0.06% of its portfolio in EQT Midstream Partners LP (NYSE:EQM). The Connecticut-based Westport Resources Mngmt has invested 0.18% in EQT Midstream Partners LP (NYSE:EQM). The Ohio-based Mai Capital Mngmt has invested 0.78% in EQT Midstream Partners LP (NYSE:EQM). Moreover, Jennison Assoc Lc has 0.01% invested in EQT Midstream Partners LP (NYSE:EQM) for 156,284 shares. Usca Ria Ltd Liability Corp reported 44,205 shares or 0.6% of all its holdings. The New York-based Hap Trading Limited Com has invested 0.11% in EQT Midstream Partners LP (NYSE:EQM). The Illinois-based Advisory Research has invested 1.26% in EQT Midstream Partners LP (NYSE:EQM). Spot Trading Ltd Llc has invested 0.03% of its portfolio in EQT Midstream Partners LP (NYSE:EQM). The Texas-based Salient Advsrs Limited Co has invested 2.04% in EQT Midstream Partners LP (NYSE:EQM).

EQT Midstream Partners LP (NYSE:EQM) Ratings Coverage

Out of 9 analysts covering EQT Midstream Partners (NYSE:EQM), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. EQT Midstream Partners has been the topic of 15 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The rating was downgraded by Howard Weil on Tuesday, December 15 to “Sector Perform”. Morgan Stanley initiated the shares of EQM in a report on Thursday, February 25 with “Equal-Weight” rating. The stock has “Sell” rating given by Zacks on Friday, August 21. On Friday, October 14 the stock rating was maintained by Stifel Nicolaus with “Hold”. The company was initiated on Thursday, March 17 by Stifel Nicolaus. The stock has “Buy” rating given by Deutsche Bank on Wednesday, November 18. As per Friday, October 14, the company rating was maintained by Mitsubishi UFJ. RBC Capital Markets maintained it with “Outperform” rating and $110 target price in Friday, October 23 report. The firm has “Outperform” rating by Credit Suisse given on Monday, October 26. On Monday, January 18 the stock rating was upgraded by Wells Fargo to “Outperform”.

More important recent EQT Midstream Partners LP (NYSE:EQM) news were published by: Nasdaq.com which released: “Ex-Div Reminder for EQT Midstream Partners (EQM)” on October 31, 2016, also Nasdaq.com published article titled: “EQT Midstream Partners, LP, Earnings Rise 34% In Q3”, Businesswire.com published: “EQT Midstream Partners, LP and EQT GP Holdings, LP Announce Third Quarter 2016 …” on October 06, 2016. More interesting news about EQT Midstream Partners LP (NYSE:EQM) was released by: Businesswire.com and their article: “EQT Midstream Partners Acquires Transmission, Storage and Gathering Assets …” with publication date: October 13, 2016.

EQM Company Profile

EQT Midstream Partners, LP (EQM), incorporated on January 18, 2012, owns, operates, acquires and develops midstream assets in the Appalachian Basin. The Firm operates through two divisions: Transmission and storage, which includes its Federal Energy Regulatory Commission (FERC)-regulated interstate pipeline and storage business, and Gathering, which includes high pressure gathering lines and the FERC-regulated low pressure gathering system. The Firm provides midstream services to EQT Corporation (EQT) and multiple third parties across over 20 counties in Pennsylvania and West Virginia through its approximately two assets, such as the transmission and storage system, which serves as a header system transmission pipeline, and the gathering system, which delivers natural gas from wells and other receipt points to transmission pipelines. The Firm provides its natural gas transmission, storage and gathering services under contracts with long-term, firm reservation and/or usage fees. The Company’s activities are focused in southwestern Pennsylvania and northern West Virginia, a location in the core of the natural gas shale plays, known as the Marcellus and Utica Shales. The Firm provides transmission and storage services in over two manners, such as firm service and interruptible service.

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