SG Americas Securities LLC Acquires 114,146 Shares of Equitrans Midstream (NASDAQ:ETRN)

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 has been the topic of a number of research reports. Barclays reiterated a “hold” rating and issued a $19.00 price target on shares of Equitrans Midstream in a research note on Wednesday, October 16th. UBS Group upgraded shares of Equitrans Midstream from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 25th. Zacks Investment Research lowered shares of Equitrans Midstream from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada set a $19.00 price target on shares of Equitrans Midstream and gave the company a “hold” rating in a research note on Wednesday, July 31st. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $20.50.

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.

Featured Story: Percentage Decliners

Want to see what other hedge funds are holding ETRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equitrans Midstream (NASDAQ:ETRN).

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

Receive News & Ratings for Equitrans Midstream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equitrans Midstream and related companies with MarketBeat.com's FREE daily email newsletter.