Equitrans Midstream (NASDAQ:ETRN) Stock Price Up 5.4%

Equitrans Midstream (NASDAQ:ETRN) rose 5.4% on Tuesday . The company traded as high as $10.51 and last traded at $10.45, approximately 6,748,484 shares were traded during mid-day trading. An increase of 183% from the average daily volume of 2,385,357 shares. The stock had previously closed at $9.91.

ETRN has been the subject of a number of recent research reports. Credit Suisse Group raised Equitrans Midstream from a “neutral” rating to an “outperform” rating and lowered their target price for the company from $17.00 to $13.00 in a research note on Monday, November 25th. UBS Group raised Equitrans Midstream from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 25th. Barclays reissued a “hold” rating and issued a $19.00 target price on shares of Equitrans Midstream in a research note on Wednesday, October 16th. Finally, Zacks Investment Research lowered Equitrans Midstream from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $16.83.

The business has a 50 day moving average price of $11.70 and a two-hundred day moving average price of $15.28.

Equitrans Midstream (NASDAQ:ETRN) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.52. The business had revenue of $408.34 million for the quarter, compared to analysts’ expectations of $409.00 million.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Wednesday, November 13th were issued a dividend of $0.45 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.80 dividend on an annualized basis and a yield of 17.22%.

In other Equitrans Midstream news, Director Margaret K. Dorman purchased 7,000 shares of Equitrans Midstream stock in a transaction that occurred on Thursday, November 7th. The shares were bought at an average price of $12.30 per share, for a total transaction of $86,100.00.

Large investors have recently made changes to their positions in the stock. Keeley Teton Advisors LLC increased its holdings in Equitrans Midstream by 56.9% during the 3rd quarter. Keeley Teton Advisors LLC now owns 71,571 shares of the company’s stock valued at $1,041,000 after purchasing an additional 25,968 shares during the period. Janus Henderson Group PLC purchased a new position in Equitrans Midstream during the 2nd quarter valued at about $778,000. Alps Advisors Inc. purchased a new position in Equitrans Midstream during the 2nd quarter valued at about $6,318,000. Dupont Capital Management Corp grew its holdings in shares of Equitrans Midstream by 15.5% during the 3rd quarter. Dupont Capital Management Corp now owns 18,900 shares of the company’s stock worth $275,000 after acquiring an additional 2,538 shares during the period. Finally, Pinnacle Holdings LLC grew its holdings in shares of Equitrans Midstream by 92.8% during the 2nd quarter. Pinnacle Holdings LLC now owns 21,450 shares of the company’s stock worth $423,000 after acquiring an additional 10,325 shares during the period.

Equitrans Midstream Company Profile (NASDAQ:ETRN)

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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