SG Americas Securities LLC grew its holdings in shares of Equitrans Midstream (NASDAQ:ETRN) by 252.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,329 shares of the company’s stock after buying an additional 114,146 shares during the quarter. SG Americas Securities LLC’s holdings in Equitrans Midstream were worth $2,318,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of ETRN. Janus Henderson Group PLC acquired a new position in shares of Equitrans Midstream during the 2nd quarter worth about $778,000. Alps Advisors Inc. acquired a new position in Equitrans Midstream in the 2nd quarter valued at about $6,318,000. Pinnacle Holdings LLC grew its stake in Equitrans Midstream by 92.8% in the 2nd quarter. Pinnacle Holdings LLC now owns 21,450 shares of the company’s stock valued at $423,000 after buying an additional 10,325 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Equitrans Midstream by 0.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,495,797 shares of the company’s stock valued at $187,636,000 after buying an additional 26,408 shares during the last quarter. Finally, Dupont Capital Management Corp grew its stake in Equitrans Midstream by 15.5% in the 3rd quarter. Dupont Capital Management Corp now owns 18,900 shares of the company’s stock valued at $275,000 after buying an additional 2,538 shares during the last quarter.
In other news, Director Margaret K. Dorman acquired 7,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was bought at an average cost of $12.30 per share, with a total value of $86,100.00.
ETRN traded down $0.21 on Friday, reaching $10.71. The company had a trading volume of 2,526,700 shares, compared to its average volume of 2,328,104. The company’s fifty day moving average is $14.00 and its 200 day moving average is $16.74. Equitrans Midstream has a fifty-two week low of $10.67 and a fifty-two week high of $23.47.
Equitrans Midstream (NASDAQ:ETRN) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.42 by $0.52. The firm had revenue of $408.34 million for the quarter, compared to analysts’ expectations of $409.00 million.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 16.81%. The ex-dividend date of this dividend is Tuesday, November 12th.
Equitrans Midstream Profile
Equitrans Midstream Corp. is a wholly-owned subsidiary of EQT. It doesn’t have business operations. The company was founded on February 21, 2018 and is headquartered in Canonsburg, PA.
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