EQT Midstream Partners LP (EQM) Reaches $74.67 After 8.00% Up Move; Piedmont Office Realty Trust (PDM) Sentiment Is 1.31

June 19, 2017 - By Winifred Garcia

The stock of EQT Midstream Partners LP (NYSE:EQM) is a huge mover today! About 245,467 shares traded. EQT Midstream Partners LP (NYSE:EQM) has declined 1.69% since June 19, 2016 and is downtrending. It has underperformed by 18.39% the S&P500.The move comes after 5 months positive chart setup for the $6.14 billion company. It was reported on Jun, 19 by Barchart.com. We have $80.64 PT which if reached, will make NYSE:EQM worth $491.20 million more.

Piedmont Office Realty Trust, Inc. is an integrated self-managed real estate investment trust . The company has market cap of $3.07 billion. The Company’s business consists primarily of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of office real estate assets. It has a 27.7 P/E ratio. As of December 31, 2016, the Company owned and operated 65 in-service office properties, one redevelopment asset, two development assets and one office building through an unconsolidated joint venture.

EQT Midstream Partners, LP owns, operates, acquires and develops midstream assets in the Appalachian Basin. The company has market cap of $6.14 billion. The Company’s divisions include Gathering and Transmission. It has a 14.4 P/E ratio. The Gathering segment primarily includes high pressure gathering lines and the Federal Energy Regulatory Commission (FERC)-regulated low pressure gathering system.

Since March 31, 2017, it had 0 insider purchases, and 1 sale for $76,526 activity. 1,001 shares valued at $76,526 were sold by Hyland M Elise on Friday, March 31.

Analysts await EQT Midstream Partners LP (NYSE:EQM) to report earnings on July, 27. They expect $1.31 earnings per share, up 3.15% or $0.04 from last year’s $1.27 per share. EQM’s profit will be $107.72 million for 14.25 P/E if the $1.31 EPS becomes a reality. After $1.36 actual earnings per share reported by EQT Midstream Partners LP for the previous quarter, Wall Street now forecasts -3.68% negative EPS growth.

Among 11 analysts covering EQT Midstream Partners (NYSE:EQM), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. EQT Midstream Partners had 18 analyst reports since August 13, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of EQM in report on Friday, October 23 with “Outperform” rating. On Thursday, February 25 the stock rating was initiated by Morgan Stanley with “Equal-Weight”. The company was upgraded on Friday, August 21 by Zacks. The rating was upgraded by Morgan Stanley to “Overweight” on Tuesday, February 14. The company was maintained on Friday, October 14 by Mitsubishi UFJ. The company was upgraded on Friday, January 15 by Wells Fargo. The stock of EQT Midstream Partners LP (NYSE:EQM) has “Hold” rating given on Friday, October 14 by Stifel Nicolaus. The rating was downgraded by Howard Weil to “Sector Perform” on Tuesday, December 15. Scotia Capital maintained EQT Midstream Partners LP (NYSE:EQM) on Monday, April 24 with “Hold” rating. The company was initiated on Monday, October 26 by Credit Suisse.

Investors sentiment decreased to 0.97 in Q4 2016. Its down 0.50, from 1.47 in 2016Q3. It fall, as 22 investors sold EQT Midstream Partners LP shares while 55 reduced holdings. 19 funds opened positions while 56 raised stakes. 56.50 million shares or 0.19% more from 56.39 million shares in 2016Q3 were reported. Moreover, Ftb Advsr has 0.01% invested in EQT Midstream Partners LP (NYSE:EQM) for 1,234 shares. Waddell Reed Financial invested in 128,800 shares or 0.02% of the stock. Creative Planning accumulated 4,469 shares. Ameriprise Fincl Inc has 0% invested in EQT Midstream Partners LP (NYSE:EQM) for 2,774 shares. Spot Trading Lc holds 0.08% or 44,184 shares. Millennium Mgmt accumulated 7,084 shares. Bessemer Group invested in 0% or 1,860 shares. Glob X Mngmt Limited holds 0.83% or 243,508 shares. Heronetta Management L P owns 93,200 shares or 3.7% of their US portfolio. Royal National Bank & Trust Of Canada holds 0% in EQT Midstream Partners LP (NYSE:EQM) or 25,233 shares. Bank Of Mellon Corp invested 0% of its portfolio in EQT Midstream Partners LP (NYSE:EQM). Sei Invs invested in 93,898 shares. Janney Montgomery Scott Limited Company has invested 0.01% in EQT Midstream Partners LP (NYSE:EQM). Parkside Bancorp And Tru holds 13,345 shares or 0.45% of its portfolio. First Advsrs L P reported 0.02% of its portfolio in EQT Midstream Partners LP (NYSE:EQM).

Aew Capital Management L P holds 2.82% of its portfolio in Piedmont Office Realty Trust, Inc. for 5.64 million shares. Green Street Investors Llc owns 100,400 shares or 2.11% of their US portfolio. Moreover, Private Management Group Inc has 1.18% invested in the company for 996,336 shares. The Hong Kong-based Parametrica Management Ltd has invested 0.93% in the stock. Landscape Capital Management L.L.C., a New Jersey-based fund reported 298,400 shares.

About 81,122 shares traded. Piedmont Office Realty Trust, Inc. (PDM) has risen 9.82% since June 19, 2016 and is uptrending. It has underperformed by 6.88% the S&P500.

Analysts await Piedmont Office Realty Trust, Inc. (NYSE:PDM) to report earnings on August, 2. They expect $0.43 earnings per share, up 7.50% or $0.03 from last year’s $0.4 per share. PDM’s profit will be $61.66 million for 12.45 P/E if the $0.43 EPS becomes a reality. After $0.45 actual earnings per share reported by Piedmont Office Realty Trust, Inc. for the previous quarter, Wall Street now forecasts -4.44% negative EPS growth.

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