Equitrans Midstream Stock Price, News & Analysis (NYSE:ETRN)

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Equitrans Midstream in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ETRN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ETRN, but not buy additional shares or sell existing shares.
View ETRN analyst ratings or view top-rated stocks.

10 Wall Street analysts have issued 1-year target prices for Equitrans Midstream's stock. Their ETRN share price targets range from $6.00 to $13.00. On average, they expect the company's share price to reach $10.19 in the next year. This suggests a possible upside of 4.1% from the stock's current price.
View analysts price targets for ETRN or view top-rated stocks among Wall Street analysts.

Equitrans Midstream's stock was trading at $6.70 at the beginning of 2023. Since then, ETRN stock has increased by 46.1% and is now trading at $9.79.
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Equitrans Midstream saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 10,430,000 shares, an increase of 5.9% from the October 31st total of 9,850,000 shares. Based on an average trading volume of 4,100,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 2.4% of the company's shares are sold short.
View Equitrans Midstream's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
View our ETRN earnings forecast.

Equitrans Midstream Co. (NYSE:ETRN) released its quarterly earnings data on Tuesday, October, 31st. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.12. The firm had revenue of $338.51 million for the quarter, compared to analyst estimates of $333.49 million. Equitrans Midstream had a trailing twelve-month return on equity of 25.29% and a net margin of 26.09%.

Equitrans Midstream announced a quarterly dividend on Wednesday, October 25th. Stockholders of record on Friday, November 3rd will be given a dividend of $0.15 per share on Tuesday, November 14th. This represents a $0.60 annualized dividend and a yield of 6.13%. The ex-dividend date of this dividend is Thursday, November 2nd.
Read our dividend analysis for ETRN.

Equitrans Midstream (NYSE:ETRN) pays an annual dividend of $0.60 per share and currently has a dividend yield of 5.75%. ETRN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 82.19%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ETRN will have a dividend payout ratio of 71.43% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ETRN.

ETFs with the largest weight of Equitrans Midstream (NYSE:ETRN) stock in their portfolio include Alerian Energy Infrastructure ETF (ENFR), Global X MLP & Energy Infrastructure ETF (MLPX), USCF Midstream Energy Income Fund (UMI), VanEck Energy Income ETF (EINC), Pacer American Energy Independence ETF (USAI), Invesco Dorsey Wright Energy Momentum ETF (PXI), RiverFront Dynamic US Dividend Advantage ETF (RFDA) and VanEck Morningstar SMID Moat ETF (SMOT).

Equitrans Midstream's stock is owned by many different institutional and retail investors. Top institutional shareholders include KGH Ltd (2.01%), Blackstone Inc. (1.75%), Bank of New York Mellon Corp (1.43%), Northern Trust Corp (1.25%), Invesco Ltd. (1.16%) and Mirae Asset Global Investments Co. Ltd. (1.02%). Insiders that own company stock include Kirk R Oliver and Vicky A Bailey.
View institutional ownership trends.

Shares of ETRN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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