Parkside Financial Bank & Trust acquired a new position in shares of EQT GP Holdings LP (NYSE:EQGP) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,855 shares of the oil and gas company’s stock, valued at approximately $226,000.

Several other large investors also recently bought and sold shares of EQGP. Chickasaw Capital Management LLC lifted its position in EQT GP by 5.5% during the second quarter. Chickasaw Capital Management LLC now owns 3,573,049 shares of the oil and gas company’s stock valued at $84,002,000 after purchasing an additional 184,702 shares during the period. Tortoise Capital Advisors L.L.C. lifted its position in EQT GP by 6.3% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 1,815,908 shares of the oil and gas company’s stock valued at $42,692,000 after purchasing an additional 107,433 shares during the period. Summit Trail Advisors LLC lifted its position in EQT GP by 2,009.2% during the first quarter. Summit Trail Advisors LLC now owns 1,036,150 shares of the oil and gas company’s stock valued at $1,036,000 after purchasing an additional 987,025 shares during the period. FMR LLC lifted its position in EQT GP by 42.9% during the second quarter. FMR LLC now owns 360,800 shares of the oil and gas company’s stock valued at $8,482,000 after purchasing an additional 108,300 shares during the period. Finally, Bank of Montreal Can lifted its position in EQT GP by 9.5% during the second quarter. Bank of Montreal Can now owns 323,000 shares of the oil and gas company’s stock valued at $7,594,000 after purchasing an additional 28,000 shares during the period. Institutional investors and hedge funds own 9.05% of the company’s stock.

A number of research firms recently issued reports on EQGP. Credit Suisse Group began coverage on shares of EQT GP in a research report on Thursday. They set a “neutral” rating and a $24.00 target price for the company. ValuEngine upgraded shares of EQT GP from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 6th. Stifel Nicolaus assumed coverage on shares of EQT GP in a research report on Tuesday, September 18th. They issued a “hold” rating and a $22.00 price objective for the company. Morgan Stanley decreased their price objective on shares of EQT GP from $27.00 to $26.00 and set an “overweight” rating for the company in a research report on Friday, August 17th. Finally, Bank of America decreased their price objective on shares of EQT GP from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, August 1st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. EQT GP has an average rating of “Hold” and a consensus price target of $26.77.

Shares of EQT GP stock opened at $19.87 on Friday. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 20.28 and a beta of 1.12. EQT GP Holdings LP has a fifty-two week low of $20.21 and a fifty-two week high of $30.74. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.41 and a quick ratio of 1.41.

EQT GP (NYSE:EQGP) last issued its quarterly earnings data on Thursday, July 26th. The oil and gas company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The business had revenue of $269.76 million during the quarter. EQT GP had a net margin of 33.16% and a return on equity of 12.65%. On average, sell-side analysts predict that EQT GP Holdings LP will post 1.34 earnings per share for the current year.

EQT GP Profile

EQT GP Holdings, LP owns, operates, acquires, and develops midstream energy assets in the Appalachian Basin through owning partnership interests in EQT Midstream Partners, LP (EQM). The company operates in two segments, Gathering and Transmission. EQM offers natural gas transmission, storage, and gathering services to various third parties in Pennsylvania, West Virginia, and Ohio.

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

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