Keybank National Association OH purchased a new position in shares of EQT GP Holdings, LP (NYSE:EQGP) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,600 shares of the oil and gas company’s stock, valued at approximately $278,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Duff & Phelps Investment Management Co. increased its holdings in EQT GP by 13.5% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 429,100 shares of the oil and gas company’s stock worth $12,427,000 after acquiring an additional 51,000 shares during the period. The Manufacturers Life Insurance Company increased its holdings in EQT GP by 7.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,032 shares of the oil and gas company’s stock worth $242,000 after acquiring an additional 556 shares during the period. NBW Capital LLC increased its holdings in EQT GP by 3.6% during the 2nd quarter. NBW Capital LLC now owns 296,927 shares of the oil and gas company’s stock worth $8,952,000 after acquiring an additional 10,442 shares during the period. Citadel Advisors LLC bought a new stake in EQT GP during the 2nd quarter worth approximately $428,000. Finally, Citigroup Inc. increased its holdings in EQT GP by 54.1% during the 2nd quarter. Citigroup Inc. now owns 31,199 shares of the oil and gas company’s stock worth $942,000 after acquiring an additional 10,959 shares during the period. Institutional investors and hedge funds own 10.19% of the company’s stock.
Shares of EQT GP Holdings, LP (NYSE EQGP) traded down $0.28 on Monday, reaching $26.06. 25,699 shares of the company’s stock traded hands, compared to its average volume of 104,352. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.52. EQT GP Holdings, LP has a fifty-two week low of $22.83 and a fifty-two week high of $31.76. The stock has a market cap of $7,010.79, a PE ratio of 28.02, a P/E/G ratio of 1.45 and a beta of 1.19.
EQT GP (NYSE:EQGP) last issued its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The business had revenue of $207.19 million during the quarter. EQT GP had a net margin of 30.98% and a return on equity of 12.14%. analysts predict that EQT GP Holdings, LP will post 1.01 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Friday, November 3rd were paid a $0.228 dividend. This represents a $0.91 annualized dividend and a dividend yield of 3.50%. This is a positive change from EQT GP’s previous quarterly dividend of $0.21. The ex-dividend date was Thursday, November 2nd. EQT GP’s dividend payout ratio (DPR) is presently 96.81%.
A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of EQT GP from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Monday, October 30th. Mitsubishi UFJ Financial Group reissued an “overweight” rating on shares of EQT GP in a research note on Thursday, October 26th. BidaskClub cut shares of EQT GP from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 25th. Seaport Global Securities began coverage on shares of EQT GP in a research note on Tuesday, October 10th. They issued a “buy” rating and a $37.00 price target for the company. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $37.00 price objective on shares of EQT GP in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $32.63.
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About EQT GP
EQT GP Holdings, LP (EQGP) is a limited partnership company and subsidiary of EQT Gathering Holdings, LLC (EQT Gathering Holdings). The Company was formed to own EQT Corporation’s (EQT’s) partnership interests in EQT Midstream Partners, LP (EQM), a limited partnership formed by EQT to own, operate, acquire and develop midstream assets in the Appalachian Basin.
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