423 institutions hold shares in Equitrans Midstream Corporation (ETRN), with 52.04M shares held by insiders accounting for 12.03% while institutional investors hold 105.55% of the company’s shares. The shares outstanding are 432.51M, and float is at 380.24M with Short Float at 4.93%. Institutions hold 92.85% of the Float.
The top institutional shareholder in the company is Capital International Investors with over 47.14 million shares valued at $379.01 million. The investor’s holdings represent 10.86% of the ETRN Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 38.93 million shares valued at $312.96 million to account for 8.97% of the shares outstanding. The other top investors are Blackrock Inc. which holds 36.04 million shares representing 8.31% and valued at over $289.75 million, while Tortoise Capital Advisors, LLC holds 4.46% of the shares totaling 19.35 million with a market value of $155.58 million.
Equitrans Midstream Corporation (NYSE: ETRN) is 5.47% higher on its value in year-to-date trading and has touched a low of $4.54 and a high of $11.66 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ETRN stock was last observed hovering at around $8.16 in the last trading session, with the day’s gains setting it 0.32% off its average median price target of $10.50 for the next 12 months. It is also 34.77% off the consensus price target high of $13.00 offered by 13 analysts, but current levels are -41.33% lower than the price target low of $6.00 for the same period.
Currently trading at $8.48, the stock is 5.50% and 13.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.87 million and changing 3.92% at the moment leaves the stock 0.01% off its SMA200. ETRN registered 72.01% gain for a year compared to 6-month loss of 0.24%. The firm has a 50-day simple moving average (SMA 50) of $7.81 and a 200-day simple moving average (SMA200) of $7.87.
The stock witnessed a 13.98% gain in the last 1 month and extending the period to 3 months gives it a 9.00%, and is 2.79% 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 4.80% over the week and 4.59% over the month.
Equitrans Midstream Corporation (ETRN) has around 771 employees, a market worth around $3.54B and $1.51B in sales. Current P/E ratio is 8.46 and Fwd P/E is 6.76. Profit margin for the company is 24.10%. Distance from 52-week low is 86.78% and -27.27% from its 52-week high. The company has generated returns on investments over the last 12 months (6.70%).
Equitrans Midstream Corporation (ETRN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Equitrans Midstream Corporation (ETRN) is a “Overweight”. 13 analysts offering their recommendations for the stock have an average rating of 2.60, where 4 rate it as a Hold and 2 think it is a “Overweight”. 5 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 08/03/2021 and quarterly earnings per share for the current quarter are estimated at $0.25 with sales reaching $373.64M over the same period.The EPS is expected to grow by 232.50% this year, but quarterly earnings will post -3.90% year-over-year. Quarterly sales are estimated to shrink -17.50% 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.