MetLife Investment Advisors LLC Purchases Shares of 124,047 Equitrans Midstream (ETRN)

MetLife Investment Advisors LLC bought a new position in Equitrans Midstream (NASDAQ:ETRN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 124,047 shares of the company’s stock, valued at approximately $2,483,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Canton Hathaway LLC acquired a new stake in shares of Equitrans Midstream during the fourth quarter valued at approximately $26,000. JFS Wealth Advisors LLC acquired a new position in Equitrans Midstream in the 4th quarter valued at approximately $30,000. Caption Management LLC acquired a new position in Equitrans Midstream in the 4th quarter valued at approximately $40,000. Van ECK Associates Corp acquired a new position in Equitrans Midstream in the 4th quarter valued at approximately $42,000. Finally, Whittier Trust Co. acquired a new position in Equitrans Midstream in the 4th quarter valued at approximately $44,000.

In other Equitrans Midstream news, Director Margaret K. Dorman acquired 5,250 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was bought at an average price of $20.18 per share, for a total transaction of $105,945.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Thomas F. Karam acquired 250,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was acquired at an average price of $20.47 per share, with a total value of $5,117,500.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 271,992 shares of company stock valued at $5,563,886.

ETRN has been the topic of several research reports. Barclays reiterated a “hold” rating and issued a $21.00 price objective on shares of Equitrans Midstream in a research note on Monday, March 11th. US Capital Advisors lowered shares of Equitrans Midstream from an “overweight” rating to a “hold” rating in a research note on Friday, January 4th. Zacks Investment Research downgraded shares of Equitrans Midstream from a “hold” rating to a “sell” rating in a research report on Thursday, February 14th. Finally, Royal Bank of Canada started coverage on shares of Equitrans Midstream in a research report on Thursday. They issued a “sector perform” rating and a $23.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $23.71.

Shares of NASDAQ ETRN traded down $0.13 during trading hours on Friday, hitting $21.64. 1,445,779 shares of the stock were exchanged, compared to its average volume of 1,985,140. Equitrans Midstream has a one year low of $17.63 and a one year high of $23.47.

Equitrans Midstream (NASDAQ:ETRN) last released 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 analyst estimates of $380.20 million.

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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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