Captrust Financial Advisors Invests $138,000 in Equitrans Midstream (ETRN)

Captrust Financial Advisors purchased a new stake in shares of Equitrans Midstream (NASDAQ:ETRN) during the 4th quarter, Holdings Channel reports. The fund purchased 6,917 shares of the company’s stock, valued at approximately $138,000.

Several other institutional investors also recently made changes to their positions in ETRN. Retirement Systems of Alabama acquired a new position in Equitrans Midstream in the fourth quarter worth approximately $5,280,000. State of Alaska Department of Revenue acquired a new position in Equitrans Midstream in the fourth quarter worth approximately $450,000. Chickasaw Capital Management LLC acquired a new position in Equitrans Midstream in the fourth quarter worth approximately $28,762,000. Sit Investment Associates Inc. acquired a new position in Equitrans Midstream in the fourth quarter worth approximately $99,000. Finally, Hennessy Advisors Inc. acquired a new position in Equitrans Midstream in the fourth quarter worth approximately $21,949,000.

NASDAQ ETRN opened at $20.19 on Friday. Equitrans Midstream has a twelve month low of $17.63 and a twelve month high of $23.47.

Equitrans Midstream (NASDAQ:ETRN) last posted its quarterly earnings data on Thursday, February 14th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.28. The firm had revenue of $384.79 million for the quarter, compared to analysts’ expectations of $380.20 million.

The company also recently disclosed a special dividend, which was paid on Wednesday, February 27th. Shareholders of record on Friday, February 15th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Thursday, February 14th.

ETRN has been the topic of several recent research reports. Barclays restated a “hold” rating and issued a $21.00 price target on shares of Equitrans Midstream in a research report on Monday, March 11th. US Capital Advisors lowered shares of Equitrans Midstream from an “overweight” rating to a “hold” rating in a research report on Friday, January 4th. Zacks Investment Research lowered shares of Equitrans Midstream from a “hold” rating to a “sell” rating in a research report on Thursday, February 14th. Wolfe Research began coverage on shares of Equitrans Midstream in a research report on Tuesday, November 20th. They set an “outperform” rating and a $25.00 price objective on the stock. Finally, Credit Suisse Group began coverage on shares of Equitrans Midstream in a research report on Friday, December 14th. They set a “neutral” rating and a $25.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.83.

TRADEMARK VIOLATION WARNING: “Captrust Financial Advisors Invests $138,000 in Equitrans Midstream (ETRN)” was posted by Transcript Daily and is the property of of Transcript Daily. If you are viewing this article on another website, it was stolen and republished in violation of US & international copyright and trademark laws. The original version of this article can be read at https://transcriptdaily.com/2019/03/17/captrust-financial-advisors-invests-138000-in-equitrans-midstream-etrn.html.

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.

Recommended Story: Preferred Stock

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).

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

Receive News & Ratings for Equitrans Midstream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equitrans Midstream and related companies with MarketBeat.com's FREE daily email newsletter.