|Bid||19.70 x 1000|
|Ask||0.00 x 1000|
|Day's Range||19.85 - 20.00|
|52 Week Range||15.36 - 30.04|
|Beta (3Y Monthly)||1.41|
|PE Ratio (TTM)||16.48|
|Forward Dividend & Yield||1.26 (6.27%)|
|1y Target Est||21.13|
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Equitrans (ETRN) is set to acquire EQGP Holdings for $20 per unit in cash. The proposed agreement is expected to make the corporate structure of the company more comprehensive.
Equitrans Midstream Corporation (ETRN) today announced that it has entered into definitive purchase agreements with certain unitholders of EQGP Holdings, LP (EQGP) to acquire limited partner interests in EQGP (EQGP Common Units) for $20.00 per unit in cash (Private Purchases), which is a 17.5% premium to the EQGP closing market price as of November 29, 2018. The Private Purchases are expected to close on or about December 31, 2018, after which ETRN and its affiliates will own more than 95% of the outstanding EQGP Common Units.
EQM Midstream Partners LP said on Wednesday it still expected to complete the $4.6 billion Mountain Valley natural gas pipeline from West Virginia to Virginia in the fourth quarter of 2019 despite a legal opinion explaining why an appeals court vacated a water permit for the project. The U.S. Court of Appeals for the Fourth Circuit issued the opinion late Tuesday explaining why it sided with environmental groups in October and decided to vacate the so-called Nationwide Permit 12 that allows the pipeline to cross rivers in West Virginia. In the opinion, the court said the project's proposed construction methods violated a special condition put forward by West Virginia, requiring stream crossings to be completed within 72 hours.
Equitrans Midstream Corporation (NYSE:ETRN), one of the largest natural gas gatherers and transmission pipeline operators in the United States, with a premier asset footprint in the Marcellus and Utica Shale region, today announced that it has completed the previously announced spin-off from EQT Corporation (EQT). The separation of EQT’s upstream and midstream businesses into two standalone companies – Equitrans Midstream Corporation and EQT Corporation – took effect at 11:59 p.m. (ET) on November 12, 2018 through a pro rata distribution of 80.1% of the outstanding common stock of ETRN.
NEW YORK, Oct. 31, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Last week, EnLink Midstream (ENLC) announced an agreement to acquire EnLink Midstream Partners (ENLK). The transaction, which is expected to close in the first quarter of 2019, would eliminate ENLC’s IDRs in ENLK.
EQT GP (EQGP) delivered earnings and revenue surprises of 0.00% and 0.73%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
The Pittsburgh-based company said it had profit of 31 cents per share. Earnings, adjusted for amortization costs, were 34 cents per share. The results met Wall Street expectations. The average estimate ...
Please replace the release with the following corrected version due to a correction in the 2018 Adjusted EBITDA.
EQT Corporation (EQT) today announced that its board of directors has approved the previously announced spin-off of Equitrans Midstream Corporation (ETRN), a company recently formed by EQT to hold EQT’s midstream business following the upcoming separation of EQT’s upstream and midstream businesses. The spin-off will be effected through a pro rata distribution of 80.1% of the outstanding common stock of ETRN. EQT will retain 19.9% of the outstanding common stock of ETRN.
EQM Midstream Partners, LP , declared a quarterly cash distribution of $1.115 per unit for the third quarter of 2018. The distribution will be paid on November 14, 2018, to all EQM unitholders of record at the close of business on November 2, 2018.
Midstream MLP NuStar Energy (NS), royalty interest owner Viper Energy Partners (VNOM), and downstream MLP CVR Refining (CVRR) fell 8.9%, 8.6%, and 7.7%, respectively, last week. Cheniere Energy Partners (CQP) fell 6.9% for the week. Credit Suisse initiated coverage on Cheniere Energy Partners with an “underperform” rating, which contributed to the stock’s fall.
EQT Midstream Partners, LP and EQT GP Holdings, LP will host a joint teleconference with security analysts on October 25, 2018, beginning at 11:30 a.m. ET. Topics of the teleconference will include financial and operational results, and other matters, with respect to the third quarter 2018.
EQT Corporation will host a teleconference with security analysts on October 25, 2018, beginning at 10:30 a.m. ET. Topics of the teleconference will include financial and operational results, and other matters, with respect to the third quarter 2018.
NEW YORK, Oct. 08, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
On September 18, Wells Fargo raised its rating for Targa Resources (TRGP) to “outperform” from “market perform.” It raised its price target on the stock from $55 to $63. Out of 21 analysts surveyed by Reuters covering Targa Resources, seven have rated the stock a “strong buy,” four have rated it a “buy,” and the remaining ten have rated it a “hold.” The median price target for Targa Resources is $57, which implies an upside potential of 3% from its current price of $55.33.
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EQT Corporation (EQT) today announced that Thomas F. Karam has been appointed as Senior Vice President and President, Midstream, of EQT, effectively immediately. Karam also assumed the roles of President and Chief Executive Officer of the general partners of EQT Midstream Partners, LP (EQM) and EQT GP Holdings, LP (EQGP) and joined each of the companies’ respective Board of Directors.
Following EQT’s (EQT) second-quarter earnings release on July 26, its stock fell ~2%. The decline was due EQT missing the revenue and earnings estimates in the second quarter. The stock fell 8.26% on July 27. A drop in crude oil prices (DBO) on July 27 intensified the decline. Crude oil prices fell 1.32% on July 27.
Buckeye Partners (BPL), a midstream MLP involved in liquids transportation and terminaling, was downgraded by SunTrust Robinson Humphrey last week. It lowered BPL to a “sell” from a “hold” and reduced the target price to $31 from $43. Previously, Citigroup lowered the partnership to a “hold.” BPL has seen five rating updates since the start of the year, including four downgrades and one new coverage initiation.
American Midstream Partners (AMID), a midstream MLP involved in natural gas gathering, processing, and compression, was the lowest-performing MLP in the week ended July 27. AMID stock plunged 41.1% last week. It saw a sharp correction following its announcement of a capital allocation strategy, which includes the sale of non-core assets and a distribution cut.