Strs Ohio Invests $49,000 in Equitrans Midstream (ETRN) Stock

Strs Ohio bought a new position in shares of Equitrans Midstream (NASDAQ:ETRN) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,472 shares of the company’s stock, valued at approximately $49,000.

A number of other institutional investors have also bought and sold shares of ETRN. Retirement Systems of Alabama acquired a new stake in Equitrans Midstream during the fourth quarter valued at approximately $5,280,000. State of Alaska Department of Revenue acquired a new stake in Equitrans Midstream during the fourth quarter valued at approximately $450,000. Chickasaw Capital Management LLC acquired a new stake in Equitrans Midstream during the fourth quarter valued at approximately $28,762,000. Sit Investment Associates Inc. acquired a new stake in Equitrans Midstream during the fourth quarter valued at approximately $99,000. Finally, Hennessy Advisors Inc. bought a new position in shares of Equitrans Midstream during the fourth quarter valued at approximately $21,949,000.

ETRN has been the subject of several recent research reports. Zacks Investment Research lowered Equitrans Midstream from a “buy” rating to a “sell” rating in a report on Tuesday, February 5th. Wells Fargo & Co initiated coverage on Equitrans Midstream in a report on Tuesday, November 13th. They set a “market perform” rating and a $23.00 target price for the company. Barclays initiated coverage on Equitrans Midstream in a report on Friday, December 7th. They set an “equal weight” rating and a $23.00 target price for the company. US Capital Advisors lowered Equitrans Midstream from an “overweight” rating to a “hold” rating in a report on Friday, January 4th. Finally, Wolfe Research initiated coverage on Equitrans Midstream in a report on Tuesday, November 20th. They set an “outperform” rating and a $25.00 target price for the company. One investment 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. The stock currently has an average rating of “Hold” and a consensus target price of $24.17.

NASDAQ:ETRN opened at $19.52 on Tuesday. Equitrans Midstream has a 52 week low of $18.25 and a 52 week high of $23.47.

Equitrans Midstream (NASDAQ:ETRN) last posted its earnings results on Thursday, February 14th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.28. The company had revenue of $384.79 million for the quarter, compared to the consensus estimate of $380.20 million.

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

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About Equitrans Midstream

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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Institutional Ownership by Quarter for Equitrans Midstream (NASDAQ:ETRN)

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