Brokerages Set Equitrans Midstream Co. (NYSE:ETRN) Price Target at $10.86

Equitrans Midstream Co. (NYSE:ETRN - Get Free Report) has been assigned an average recommendation of "Hold" from the nine analysts that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $10.86.

A number of analysts recently commented on ETRN shares. TheStreet raised Equitrans Midstream from a "d+" rating to a "c-" rating in a research note on Wednesday, December 27th. Morgan Stanley decreased their price objective on Equitrans Midstream from $13.00 to $12.00 and set an "overweight" rating for the company in a report on Thursday, February 22nd. Wells Fargo & Company downgraded Equitrans Midstream from an "equal weight" rating to an "underweight" rating and increased their price objective for the stock from $9.00 to $10.00 in a report on Thursday, December 14th. Barclays increased their price objective on Equitrans Midstream from $6.00 to $11.00 and gave the stock an "equal weight" rating in a report on Monday, February 26th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $13.00 price objective on shares of Equitrans Midstream in a report on Thursday, March 7th.

Equitrans Midstream Trading Up 2.5 %

Shares of NYSE:ETRN traded up $0.32 during trading on Tuesday, reaching $12.87. 8,248,378 shares of the company traded hands, compared to its average volume of 6,380,487. The business's fifty day moving average is $11.09 and its 200-day moving average is $10.18. Equitrans Midstream has a 52-week low of $4.60 and a 52-week high of $12.90. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 14.46, a P/E/G ratio of 1.64 and a beta of 1.97. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 4.83.

Equitrans Midstream (NYSE:ETRN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.16. Equitrans Midstream had a return on equity of 30.41% and a net margin of 30.89%. The company had revenue of $360.60 million during the quarter, compared to analyst estimates of $348.04 million. During the same quarter last year, the firm posted $0.13 earnings per share. The firm's revenue was up 1.5% on a year-over-year basis. As a group, analysts forecast that Equitrans Midstream will post 0.87 EPS for the current year.

Equitrans Midstream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Tuesday, February 6th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.66%. The ex-dividend date of this dividend was Monday, February 5th. Equitrans Midstream's dividend payout ratio is presently 67.42%.

Hedge Funds Weigh In On Equitrans Midstream

Several large investors have recently modified their holdings of ETRN. Metis Global Partners LLC raised its position in Equitrans Midstream by 8.0% in the 4th quarter. Metis Global Partners LLC now owns 16,868 shares of the company's stock worth $172,000 after buying an additional 1,247 shares during the last quarter. Maverick Capital Ltd. raised its position in Equitrans Midstream by 11.8% in the 1st quarter. Maverick Capital Ltd. now owns 14,713 shares of the company's stock worth $124,000 after buying an additional 1,558 shares during the last quarter. Pathstone Family Office LLC grew its stake in shares of Equitrans Midstream by 12.7% during the 3rd quarter. Pathstone Family Office LLC now owns 14,227 shares of the company's stock valued at $106,000 after purchasing an additional 1,606 shares during the period. Donoghue Forlines LLC grew its stake in shares of Equitrans Midstream by 3.9% during the 4th quarter. Donoghue Forlines LLC now owns 43,216 shares of the company's stock valued at $440,000 after purchasing an additional 1,626 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Equitrans Midstream by 5.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 33,316 shares of the company's stock valued at $312,000 after purchasing an additional 1,635 shares during the period. Hedge funds and other institutional investors own 87.35% of the company's stock.

Equitrans Midstream Company Profile

Equitrans Midstream Corporation owns, operates, acquires, and develops midstream assets in the Appalachian Basin. The company operates through Gathering, Transmission, and Water segments. It operates dry gas gathering systems of high-pressure gathering lines and FERC-regulated interstate pipelines and storage systems.