Here’s Why You Should Consider Investing in Equitrans Midstream (ETRN)

Miller Howard Investments, an investment management firm, published its third-quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly return of 3.5% (yield) was recorded by the fund for the third quarter of 2021, compared to the 1.5% for the S&P 500 for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Miller Howard Investments, in its Q3 2021 investor letter, mentioned Equitrans Midstream Corporation (NYSE: ETRN) and discussed its stance on the firm. Equitrans Midstream Corporation is a Pittsburgh, Pennsylvania-based natural gas transmission company with a $4.4 billion market capitalization. ETRN delivered a 26.74% return since the beginning of the year, while its 12-month returns are up by 30.31%. The stock closed at $10.19 per share on December 29, 2021.

Here is what Miller Howard Investments has to say about Equitrans Midstream Corporation  in its Q3 2021 investor letter:

“Our best holdings for the quarter were companies poised to benefit from the recovery. Equitrans Midstream (ETRN), our third largest contributor, could see higher volumes on its pipelines given the recovery in natural gas prices.”

Photo by Robin Sommer on Unsplash

Based on our calculations, Equitrans Midstream Corporation (NYSE: ETRN) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. ETRN was in 25 hedge fund portfolios at the end of the third quarter of 2021, compared to 27 funds in the previous quarter. Equitrans Midstream Corporation (NYSE: ETRN) delivered a 0.00% return in the past 3 months.

In November 2021, we published an article that includes ETRN in the 11 Best Pipeline and MLP Stocks To Buy. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q3 page.

Disclosure: None. This article is originally published at Insider Monkey.