Thompson Siegel & Walmsley LLC Lowers Holdings in Equitrans Midstream Co. (NYSE:ETRN)

Thompson Siegel & Walmsley LLC lessened its holdings in shares of Equitrans Midstream Co. (NYSE:ETRN - Free Report) by 17.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 657,206 shares of the company's stock after selling 140,898 shares during the period. Thompson Siegel & Walmsley LLC owned approximately 0.15% of Equitrans Midstream worth $6,690,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Counterpoint Mutual Funds LLC acquired a new position in shares of Equitrans Midstream during the 4th quarter worth about $283,000. Charles Schwab Investment Management Inc. lifted its position in shares of Equitrans Midstream by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,914,514 shares of the company's stock worth $39,850,000 after purchasing an additional 13,183 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Equitrans Midstream by 25.5% during the 4th quarter. Private Advisor Group LLC now owns 20,655 shares of the company's stock worth $210,000 after purchasing an additional 4,196 shares during the last quarter. Metis Global Partners LLC raised its holdings in Equitrans Midstream by 8.0% in the 4th quarter. Metis Global Partners LLC now owns 16,868 shares of the company's stock valued at $172,000 after acquiring an additional 1,247 shares in the last quarter. Finally, Axxcess Wealth Management LLC acquired a new position in Equitrans Midstream in the 4th quarter valued at approximately $201,000. Institutional investors and hedge funds own 87.35% of the company's stock.

Equitrans Midstream Price Performance

Shares of ETRN stock traded down $0.36 during trading hours on Friday, hitting $13.11. The company had a trading volume of 5,134,205 shares, compared to its average volume of 5,824,893. Equitrans Midstream Co. has a 12 month low of $5.22 and a 12 month high of $14.21. The firm has a market capitalization of $5.69 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 1.83 and a beta of 1.93. The firm's fifty day moving average is $12.36 and its 200 day moving average is $10.77. The company has a debt-to-equity ratio of 4.88, a quick ratio of 0.63 and a current ratio of 0.63.

Equitrans Midstream (NYSE:ETRN - Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. The company had revenue of $364.27 million for the quarter, compared to analyst estimates of $345.79 million. Equitrans Midstream had a return on equity of 30.21% and a net margin of 31.69%. The company's revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 EPS. On average, sell-side analysts predict that Equitrans Midstream Co. will post 0.86 EPS for the current fiscal year.

Equitrans Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.60 dividend on an annualized basis and a yield of 4.58%. Equitrans Midstream's dividend payout ratio (DPR) is presently 66.67%.

Analyst Ratings Changes

Several research firms have commented on ETRN. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $13.00 price target on shares of Equitrans Midstream in a report on Thursday, March 7th. US Capital Advisors cut Equitrans Midstream from an "overweight" rating to a "hold" rating in a report on Monday, April 29th. Barclays upped their price target on Equitrans Midstream from $6.00 to $11.00 and gave the company an "equal weight" rating in a report on Monday, February 26th. Wells Fargo & Company upped their price target on Equitrans Midstream from $12.00 to $13.00 and gave the company an "equal weight" rating in a report on Thursday, May 2nd. Finally, Morgan Stanley cut their price target on Equitrans Midstream from $13.00 to $12.00 and set an "overweight" rating for the company in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Equitrans Midstream currently has a consensus rating of "Hold" and an average price target of $11.19.

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.