New Mexico Educational Retirement Board Purchases New Holdings in Equitrans Midstream (ETRN)

New Mexico Educational Retirement Board purchased a new position in Equitrans Midstream (NASDAQ:ETRN) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 41,200 shares of the company’s stock, valued at approximately $825,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ETRN. JFS Wealth Advisors LLC acquired a new position in shares of Equitrans Midstream during the 4th quarter valued at $30,000. Strs Ohio acquired a new position in shares of Equitrans Midstream during the 4th quarter valued at $49,000. Sit Investment Associates Inc. acquired a new position in shares of Equitrans Midstream during the 4th quarter valued at $99,000. Huntington National Bank acquired a new position in shares of Equitrans Midstream during the 4th quarter valued at $175,000. Finally, World Asset Management Inc acquired a new position in shares of Equitrans Midstream during the 4th quarter valued at $203,000.

Shares of NASDAQ ETRN opened at $20.36 on Wednesday. Equitrans Midstream has a 52-week low of $18.25 and a 52-week high of $23.47.

ETRN has been the topic of several research analyst reports. LADENBURG THALM/SH SH initiated coverage on Equitrans Midstream in a research report on Monday, November 19th. They set a “buy” rating and a $26.00 price target on the stock. Jefferies Financial Group initiated coverage on Equitrans Midstream in a research report on Friday, November 9th. They set a “buy” rating on the stock. Zacks Investment Research upgraded Equitrans Midstream from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Wednesday, January 9th. Barclays initiated coverage on Equitrans Midstream in a report on Friday, December 7th. They issued an “equal weight” rating and a $23.00 target price on the stock. Finally, US Capital Advisors cut Equitrans Midstream from an “overweight” rating to a “hold” rating in a report on Friday, January 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $24.17.

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About Equitrans Midstream

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.

Further Reading: Benefits of owning preferred stock

Want to see what other hedge funds are holding ETRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equitrans Midstream (NASDAQ:ETRN).

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

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