Dan Loeb’s Third Point is Selling These 5 Stocks

2. Equitrans Midstream Corporation (NYSE:ETRN)

Number of Hedge Fund Holders: 27

Equitrans Midstream Corporation (NYSE:ETRN) is placed second on the list of 10 stocks Dan Loeb’s Third Point is selling. It is a US-based natural gas gathering company.

In the second quarter, Equitrans Midstream Corporation’s (NYSE:ETRN) EPS came in at $0.13, missing the estimates by $0.09. However, income investors will applaud as the company declared a quarterly dividend of $0.15 per share, in line with the previous. BofA analyst Chase Mulvehill on September 28 restored coverage of Equitrans Midstream Corporation (NYSE:ETRN) with a “Neutral” rating, and the price target was set at $11.

As of the second quarter of 2021, 27 hedge funds have positions in Equitrans Midstream Corporation (NYSE:ETRN), compared with 28 in the previous quarter.