EQT GP Holdings, LP (NYSE:EQGP) Position Reduced by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP lessened its position in EQT GP Holdings, LP (NYSE:EQGP) by 6.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,329,927 shares of the oil and gas company’s stock after selling 99,176 shares during the period. Kayne Anderson Capital Advisors LP owned about 0.50% of EQT GP worth $38,504,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in EQT GP by 0.9% during the second 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 during the last quarter. Alps Advisors Inc. increased its stake in shares of EQT GP by 1.4% in the second quarter. Alps Advisors Inc. now owns 28,005 shares of the oil and gas company’s stock worth $844,000 after purchasing an additional 378 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of EQT GP by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 8,032 shares of the oil and gas company’s stock worth $242,000 after purchasing an additional 556 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of EQT GP by 1.3% in the second quarter. PNC Financial Services Group Inc. now owns 52,328 shares of the oil and gas company’s stock worth $1,578,000 after purchasing an additional 650 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of EQT GP by 3.3% in the second quarter. Franklin Resources Inc. now owns 26,640 shares of the oil and gas company’s stock worth $803,000 after purchasing an additional 840 shares in the last quarter. Hedge funds and other institutional investors own 10.19% of the company’s stock.

EQT GP Holdings, LP (EQGP) traded up $0.16 during mid-day trading on Thursday, reaching $25.37. 103,148 shares of the company were exchanged, compared to its average volume of 103,722. The firm has a market cap of $6,819.15, a PE ratio of 27.25, a PEG ratio of 1.41 and a beta of 1.19. 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 one year low of $23.08 and a one year high of $31.76.

EQT GP (NYSE:EQGP) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. EQT GP had a net margin of 30.98% and a return on equity of 12.14%. The business had revenue of $207.19 million during the quarter. sell-side analysts anticipate that EQT GP Holdings, LP will post 1.01 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Friday, November 3rd were paid a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a yield of 3.59%. This is a boost from EQT GP’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, November 2nd. EQT GP’s payout ratio is presently 96.81%.

A number of brokerages recently weighed in on EQGP. Stifel Nicolaus restated a “hold” rating and set a $28.00 target price on shares of EQT GP in a research report on Friday, September 1st. BidaskClub upgraded shares of EQT GP from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Seaport Global Securities started coverage on shares of EQT GP in a report on Tuesday, October 10th. They issued a “buy” rating and a $37.00 target price for the company. Mitsubishi UFJ Financial Group restated an “overweight” rating on shares of EQT GP in a report on Thursday, October 26th. Finally, Zacks Investment Research raised shares of EQT GP from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $32.63.

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EQT GP Company 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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