Northwestern Mutual Investment Management Company LLC Has $29.12 Million Stock Holdings in EQM Midstream Partners LP (NYSE:EQM)

Northwestern Mutual Investment Management Company LLC grew its holdings in EQM Midstream Partners LP (NYSE:EQM) by 24.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 890,449 shares of the pipeline company’s stock after buying an additional 173,165 shares during the quarter. EQM Midstream Partners accounts for approximately 0.6% of Northwestern Mutual Investment Management Company LLC’s holdings, making the stock its 25th biggest holding. Northwestern Mutual Investment Management Company LLC’s holdings in EQM Midstream Partners were worth $29,118,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. HM Payson & Co. bought a new stake in shares of EQM Midstream Partners in the 2nd quarter worth about $35,000. Lee Financial Co bought a new stake in shares of EQM Midstream Partners in the 2nd quarter worth about $92,000. Cerebellum GP LLC bought a new stake in shares of EQM Midstream Partners in the 2nd quarter worth about $148,000. Northern Oak Wealth Management Inc. grew its holdings in shares of EQM Midstream Partners by 15.2% in the 2nd quarter. Northern Oak Wealth Management Inc. now owns 3,800 shares of the pipeline company’s stock worth $170,000 after purchasing an additional 500 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of EQM Midstream Partners by 738,200.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 7,383 shares of the pipeline company’s stock worth $241,000 after purchasing an additional 7,382 shares during the last quarter. Institutional investors own 38.77% of the company’s stock.

NYSE:EQM traded up $0.28 during mid-day trading on Wednesday, reaching $25.36. 60,830 shares of the company were exchanged, compared to its average volume of 727,594. EQM Midstream Partners LP has a 12 month low of $24.76 and a 12 month high of $51.15. The company has a fifty day moving average of $31.32 and a 200 day moving average of $37.51. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.10. The stock has a market cap of $5.47 billion, a PE ratio of 5.00 and a beta of 0.96.

EQM Midstream Partners (NYSE:EQM) last issued its quarterly earnings data on Tuesday, November 5th. The pipeline company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.24. EQM Midstream Partners had a net margin of 18.00% and a return on equity of 18.34%. The firm had revenue of $408.40 million for the quarter, compared to analyst estimates of $408.98 million. During the same quarter in the prior year, the firm earned $1.14 EPS. The company’s revenue was up 12.0% on a year-over-year basis. On average, equities research analysts anticipate that EQM Midstream Partners LP will post 3.27 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Friday, November 1st will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 18.30%. The ex-dividend date of this dividend is Thursday, October 31st. EQM Midstream Partners’s dividend payout ratio is currently 91.52%.

Several equities research analysts have recently weighed in on EQM shares. Credit Suisse Group lowered their target price on shares of EQM Midstream Partners from $45.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, August 1st. ValuEngine lowered shares of EQM Midstream Partners from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Zacks Investment Research raised shares of EQM Midstream Partners from a “sell” rating to a “hold” rating in a report on Friday, October 25th. Royal Bank of Canada set a $42.00 target price on shares of EQM Midstream Partners and gave the stock a “hold” rating in a report on Wednesday, July 31st. Finally, Barclays set a $40.00 price objective on shares of EQM Midstream Partners and gave the stock a “hold” rating in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $47.18.

EQM Midstream Partners Profile

EQM Midstream Partners, LP owns, operates, acquires, and develops midstream assets in the Appalachian Basin. It operates through three segments: Gathering, Transmission, and Water. As of December 31, 2018, the company owned approximately 700 miles of high-pressure gathering lines and 1,500 miles of Federal Energy Regulatory Commission (FERC) regulated low-pressure gathering lines; approximately 950 miles of FERC regulated interstate pipelines; and approximately 160 miles of pipelines.

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Institutional Ownership by Quarter for EQM Midstream Partners (NYSE:EQM)

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