415 institutions hold shares in Equitrans Midstream Corporation (ETRN), with 51.94M shares held by insiders accounting for 12.01% while institutional investors hold 107.06% of the company’s shares. The shares outstanding are 432.77M, and float is at 380.24M with Short Float at 5.38%. Institutions hold 94.20% of the Float.
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The top institutional shareholder in the company is Capital International Investors with over 44.17 million shares valued at $373.69 million. The investor’s holdings represent 10.21% of the ETRN Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 38.19 million shares valued at $323.05 million to account for 8.83% of the shares outstanding. The other top investors are Blackrock Inc. which holds 36.04 million shares representing 8.33% and valued at over $289.75 million, while Tortoise Capital Advisors, LLC holds 5.09% of the shares totaling 22.03 million with a market value of $186.36 million.
Equitrans Midstream Corporation (NYSE: ETRN) is -7.09% lower on its value in year-to-date trading and has touched a low of $3.75 and a high of $11.66 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ETRN stock was last observed hovering at around $7.03 in the last trading session, with the day’s gains setting it 0.44% off its average median price target of $11.00 for the next 12 months. It is also 42.54% off the consensus price target high of $13.00 offered by 12 analysts, but current levels are -86.75% lower than the price target low of $4.00 for the same period.
Currently trading at $7.47, the stock is 6.30% and -3.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.59 million and changing 6.26% at the moment leaves the stock -12.39% off its SMA200. ETRN registered -24.47% loss for a year compared to 6-month loss of -31.09%. The firm has a 50-day simple moving average (SMA 50) of $7.40 and a 200-day simple moving average (SMA200) of $8.41.
The stock witnessed a 6.11% gain in the last 1 month and extending the period to 3 months gives it a 2.47%, and is 4.62% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.79% over the week and 4.69% over the month.
Equitrans Midstream Corporation (ETRN) has around 800 employees, a market worth around $3.04B and $1.57B in sales. Fwd P/E is 6.14. Profit margin for the company is -1.40%. Distance from 52-week low is 99.20% and -35.93% from its 52-week high. The company has generated returns on investments over the last 12 months (0.40%).
Equitrans Midstream Corporation (ETRN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Equitrans Midstream Corporation (ETRN) is a “Overweight”. 12 analysts offering their recommendations for the stock have an average rating of 2.60, where 3 rate it as a Hold and 1 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
Equitrans Midstream Corporation is expected to release its quarterly report on 05/04/2021 and quarterly earnings per share for the current quarter are estimated at $0.34 with sales reaching $382.19M over the same period.The EPS is expected to shrink by -172.00% this year, but quarterly earnings will post -7.90% year-over-year. Quarterly sales are estimated to shrink -10.30% in year-over-year returns.
Equitrans Midstream Corporation (ETRN) Insider Activity
A total of 9 insider transactions have happened at Equitrans Midstream Corporation (ETRN) in the last six months, with sales accounting for 2 and purchases happening 7 times. The most recent transaction is an insider purchase by KARAM THOMAS F, the company’s Chairman and CEO. SEC filings show that KARAM THOMAS F bought 45,000 shares of the company’s common stock on May 19 at a price of $7.97 per share for a total of $0.36 million. Following the purchase, the insider now owns 25000.0 shares.
Equitrans Midstream Corporation disclosed in a document filed with the SEC on Mar 12 that Burke Kenneth Michael (Director) bought a total of 20,000 shares of the company’s common stock. The trade occurred on Mar 12 and was made at $4.47 per share for $89400.0. Following the transaction, the insider now directly holds 24715.0 shares of the ETRN stock.
Still, SEC filings show that on Mar 04, KARAM THOMAS F (Chairman and CEO) acquired 75,000 shares at an average price of $6.50 for $0.49 million. The insider now directly holds 525,000 shares of Equitrans Midstream Corporation (ETRN).