Hexagon Capital Partners LLC Sells 1,509 Shares of Equitrans Midstream Co. (NYSE:ETRN)

Hexagon Capital Partners LLC reduced its holdings in Equitrans Midstream Co. (NYSE:ETRN) by 21.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,678 shares of the company’s stock after selling 1,509 shares during the period. Hexagon Capital Partners LLC’s holdings in Equitrans Midstream were worth $74,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its position in shares of Equitrans Midstream by 48.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 42,670 shares of the company’s stock valued at $434,000 after buying an additional 14,000 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Equitrans Midstream in the 4th quarter worth approximately $1,239,000. Strs Ohio grew its holdings in shares of Equitrans Midstream by 9.3% during the 4th quarter. Strs Ohio now owns 57,700 shares of the company’s stock worth $587,000 after purchasing an additional 4,900 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Equitrans Midstream by 17.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 107,955 shares of the company’s stock valued at $1,099,000 after purchasing an additional 15,967 shares during the period. Finally, NBW Capital LLC acquired a new position in shares of Equitrans Midstream in the fourth quarter valued at $2,823,000. 87.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

ETRN has been the topic of a number of recent research reports. Morgan Stanley lifted their price target on shares of Equitrans Midstream from $13.00 to $17.00 and gave the stock an “overweight” rating in a research note on Monday, June 10th. US Capital Advisors lowered shares of Equitrans Midstream from an “overweight” rating to a “hold” rating in a research report on Monday, April 29th. Finally, Wells Fargo & Company upped their target price on shares of Equitrans Midstream from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Thursday, May 2nd. 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 stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.10.

Equitrans Midstream Price Performance

Shares of Equitrans Midstream stock remained flat at $12.42 during mid-day trading on Friday. Equitrans Midstream Co. has a 1 year low of $8.57 and a 1 year high of $14.64. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 11.19 and a beta of 2.01. The company’s 50 day simple moving average is $13.04 and its 200-day simple moving average is $12.37. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 4.88.

About Equitrans Midstream

Equitrans Midstream Corporation owns, operates, acquires, and develops midstream assets in the Appalachian Basin. The company operates through Gathering, Transmission, and Water segments. It operates dry gas gathering systems of high-pressure gathering lines and FERC-regulated interstate pipelines and storage systems.