Chartwell Investment Partners LLC Purchase $613,000 Holding in Equitrans Midstream (ETRN)

Chartwell Investment Partners LLC Purchase $613,000 Holding in Equitrans Midstream (ETRN)

Chartwell Investment Partners LLC acquired a new position in shares of Equitrans Midstream (NASDAQ:ETRN) in the 4th quarter, Holdings Channel reports. The firm acquired 30,620 shares of the company’s stock, valued at approximately $613,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Treasurer State of Michigan purchased a new stake in shares of Equitrans Midstream in the 4th quarter valued at $1,452,000. Dupont Capital Management Corp purchased a new stake in shares of Equitrans Midstream in the 4th quarter valued at $209,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of Equitrans Midstream in the 4th quarter valued at $5,164,000. SG Americas Securities LLC purchased a new stake in shares of Equitrans Midstream in the 4th quarter valued at $295,000. Finally, Rhumbline Advisers purchased a new stake in shares of Equitrans Midstream in the 4th quarter valued at $11,250,000.

Several analysts have recently commented on ETRN shares. Jefferies Financial Group started coverage on shares of Equitrans Midstream in a report on Friday, November 9th. They issued a “buy” rating on the stock. US Capital Advisors started coverage on shares of Equitrans Midstream in a report on Wednesday, November 14th. They issued an “overweight” rating on the stock. Wells Fargo & Co started coverage on shares of Equitrans Midstream in a report on Tuesday, November 13th. They issued a “market perform” rating and a $23.00 price objective on the stock. Barclays started coverage on shares of Equitrans Midstream in a report on Friday, December 7th. They issued an “equal weight” rating and a $23.00 price objective on the stock. Finally, Zacks Investment Research downgraded shares of Equitrans Midstream from a “buy” rating to a “sell” rating in a report on Tuesday, February 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $24.17.

Shares of NASDAQ ETRN opened at $18.96 on Monday. Equitrans Midstream has a 1 year low of $18.25 and a 1 year high of $23.47.

The company also recently declared a special dividend, which will be paid on Wednesday, February 27th. Investors of record on Friday, February 15th will be issued a dividend of $0.41 per share. The ex-dividend date is Thursday, February 14th.

Equitrans Midstream Company 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.

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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).

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