Equitrans Midstream Plans Dividend of $0.45 (NASDAQ:ETRN)

Equitrans Midstream (NASDAQ:ETRN) declared a dividend on Tuesday, October 22nd, Fidelity reports. Investors of record on Wednesday, November 13th will be paid a dividend of 0.45 per share on Friday, November 22nd. The ex-dividend date is Tuesday, November 12th.

Shares of NASDAQ ETRN opened at $12.30 on Friday. The firm has a fifty day simple moving average of $14.22 and a 200 day simple moving average of $16.99. Equitrans Midstream has a twelve month low of $11.53 and a twelve month high of $23.47.

Equitrans Midstream (NASDAQ:ETRN) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.52. The firm had revenue of $408.34 million for the quarter, compared to the consensus estimate of $409.00 million.

A number of research analysts recently weighed in on ETRN shares. UBS Group raised shares of Equitrans Midstream from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 25th. Barclays reissued a “hold” rating and set a $19.00 price target on shares of Equitrans Midstream in a research report on Wednesday, October 16th. Royal Bank of Canada set a $19.00 price target on shares of Equitrans Midstream and gave the company a “hold” rating in a research report on Wednesday, July 31st. Finally, Zacks Investment Research lowered shares of Equitrans Midstream from a “buy” rating to a “hold” rating in a research report on Thursday. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $20.78.

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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