Public Employees Retirement Association of Colorado reduced its holdings in shares of Equitrans Midstream (NASDAQ:ETRN) by 21.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 28,912 shares of the company’s stock after selling 7,735 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Equitrans Midstream were worth $630,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in ETRN. BlackRock Inc. acquired a new position in Equitrans Midstream during the 4th quarter valued at about $393,060,000. D. E. Shaw & Co. Inc. acquired a new stake in Equitrans Midstream during the fourth quarter worth about $209,974,000. Iridian Asset Management LLC CT acquired a new stake in Equitrans Midstream during the fourth quarter worth about $119,657,000. Tortoise Capital Advisors L.L.C. acquired a new stake in Equitrans Midstream during the fourth quarter worth about $111,394,000. Finally, Energy Income Partners LLC acquired a new stake in Equitrans Midstream during the fourth quarter worth about $102,908,000.
Shares of Equitrans Midstream stock opened at $21.27 on Thursday. Equitrans Midstream has a one year low of $17.63 and a one year high of $23.47.
Equitrans Midstream (NASDAQ:ETRN) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.28). The company had revenue of $389.78 million during the quarter, compared to analysts’ expectations of $397.10 million.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Tuesday, May 14th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, May 13th. This represents a $1.80 dividend on an annualized basis and a yield of 8.46%.
Several analysts recently commented on the company. Zacks Investment Research lowered Equitrans Midstream from a “hold” rating to a “sell” rating in a report on Thursday, February 14th. Royal Bank of Canada assumed coverage on Equitrans Midstream in a report on Thursday, April 18th. They set a “sector perform” rating and a $23.00 target price on the stock. Finally, Barclays reaffirmed a “hold” rating and set a $21.00 target price on shares of Equitrans Midstream in a report on Monday, March 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Equitrans Midstream has an average rating of “Hold” and an average target price of $23.71.
In other Equitrans Midstream news, CFO Kirk R. Oliver bought 4,950 shares of the business’s stock in a transaction on Monday, March 25th. The stock was bought at an average price of $20.25 per share, with a total value of $100,237.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David L. Porges sold 4,866 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $20.59, for a total value of $100,190.94. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 271,992 shares of company stock worth $5,563,886.
Equitrans Midstream 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.
Read More: Producer Price Index (PPI)
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).