Tortoise Capital Advisors L.L.C. trimmed its holdings in shares of EQT GP Holdings, LP (NYSE:EQGP) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,728,184 shares of the oil and gas company’s stock after selling 34,128 shares during the quarter. Tortoise Capital Advisors L.L.C. owned 0.65% of EQT GP worth $50,048,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of EQT GP by 0.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,675 shares of the oil and gas company’s stock valued at $141,000 after buying an additional 40 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of 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 valued at $242,000 after buying an additional 556 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in EQT GP in the 3rd quarter worth about $245,000. Keybank National Association OH purchased a new stake in EQT GP in the 3rd quarter worth about $278,000. Finally, Citadel Advisors LLC purchased a new stake in EQT GP in the 2nd quarter worth about $428,000. Hedge funds and other institutional investors own 10.19% of the company’s stock.

Shares of EQT GP Holdings, LP (NYSE:EQGP) opened at $26.09 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.89 and a quick ratio of 0.89. EQT GP Holdings, LP has a 1 year low of $23.08 and a 1 year high of $31.76. The firm has a market cap of $6,885.69, a PE ratio of 27.52, a P/E/G ratio of 1.42 and a beta of 1.19.

EQT GP (NYSE:EQGP) last issued its earnings results on Thursday, October 26th. The oil and gas company reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.01. The business had revenue of $207.19 million for the quarter. EQT GP had a net margin of 30.98% and a return on equity of 12.14%. equities research analysts predict that EQT GP Holdings, LP will post 1.01 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Friday, November 3rd were paid a $0.228 dividend. This is an increase from EQT GP’s previous quarterly dividend of $0.21. This represents a $0.91 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date was Thursday, November 2nd. EQT GP’s dividend payout ratio is currently 96.81%.

EQGP has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of EQT GP from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Monday, October 30th. Seaport Global Securities initiated coverage on shares of EQT GP in a research report on Tuesday, October 10th. They issued a “buy” rating and a $37.00 price objective on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $37.00 price objective on shares of EQT GP in a research report on Tuesday, October 10th. Scotiabank reissued a “hold” rating and issued a $32.00 price objective on shares of EQT GP in a research report on Wednesday, October 4th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $28.00 price objective on shares of EQT GP in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $32.63.

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EQT GP Profile

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.

Institutional Ownership by Quarter for EQT GP (NYSE:EQGP)

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