78,648 Shares in Equitrans Midstream (ETRN) Acquired by Oregon Public Employees Retirement Fund

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Oregon Public Employees Retirement Fund acquired a new position in Equitrans Midstream (NASDAQ:ETRN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 78,648 shares of the company’s stock, valued at approximately $1,575,000.

Other institutional investors also recently made changes to their positions in the company. JFS Wealth Advisors LLC acquired a new stake in shares of Equitrans Midstream in the fourth quarter worth $30,000. Caption Management LLC acquired a new stake in shares of Equitrans Midstream in the fourth quarter worth $40,000. Cutler Group LP acquired a new stake in shares of Equitrans Midstream in the fourth quarter worth $46,000. Strs Ohio acquired a new stake in Equitrans Midstream during the fourth quarter worth $49,000. Finally, Pendal Group Ltd acquired a new stake in Equitrans Midstream during the fourth quarter worth $74,000.

ETRN traded down $0.07 during trading on Monday, reaching $18.89. 2,428 shares of the company’s stock were exchanged, compared to its average volume of 1,960,556. Equitrans Midstream has a fifty-two week low of $18.25 and a fifty-two week high of $23.47.

The company also recently announced a special dividend, which will be paid on Wednesday, February 27th. Stockholders of record on Friday, February 15th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Thursday, February 14th.

A number of research firms have weighed in on ETRN. Zacks Investment Research downgraded shares of Equitrans Midstream from a “buy” rating to a “sell” rating in a research note on Tuesday, February 5th. Jefferies Financial Group began coverage on shares of Equitrans Midstream in a research note on Friday, November 9th. They set a “buy” rating on the stock. LADENBURG THALM/SH SH began coverage on shares of Equitrans Midstream in a research note on Monday, November 19th. They set a “buy” rating and a $26.00 price target on the stock. Wolfe Research began coverage on shares of Equitrans Midstream in a research note on Tuesday, November 20th. They set an “outperform” rating and a $25.00 price target on the stock. Finally, US Capital Advisors downgraded shares of Equitrans Midstream from an “overweight” rating to a “hold” rating in a research note on Friday, January 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Equitrans Midstream has a consensus rating of “Hold” and an average target price of $24.17.

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

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