Several other brokerages also recently commented on EQGP. BidaskClub upgraded shares of EQT GP Holdings, from a sell rating to a hold rating in a research report on Friday, June 30th. Barclays PLC downgraded shares of EQT GP Holdings, from an overweight rating to an equal weight rating and reduced their price target for the company from $32.00 to $30.00 in a research report on Tuesday, July 18th. Morgan Stanley restated an overweight rating and issued a $31.00 price target (up previously from $30.00) on shares of EQT GP Holdings, in a research report on Friday, July 14th. Stifel Nicolaus restated a hold rating and issued a $25.00 price target on shares of EQT GP Holdings, in a research report on Friday, July 21st. Finally, Royal Bank Of Canada restated a buy rating and issued a $36.00 price target on shares of EQT GP Holdings, in a research report on Thursday, April 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $31.14.
Shares of EQT GP Holdings, (EQGP) traded up 0.66% on Friday, hitting $27.63. The company had a trading volume of 24,016 shares. The company has a 50-day moving average of $28.86 and a 200 day moving average of $27.45. EQT GP Holdings, has a 12 month low of $21.45 and a 12 month high of $31.76. The stock has a market cap of $7.35 billion, a PE ratio of 31.22 and a beta of 1.31.
EQT GP Holdings, (NYSE:EQGP) last released its earnings results on Thursday, July 27th. The oil and gas company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. EQT GP Holdings, had a net margin of 30.65% and a return on equity of 11.72%. The business had revenue of $199 million during the quarter, compared to analyst estimates of $194.49 million. During the same period in the prior year, the business earned $1.27 earnings per share. The business’s quarterly revenue was up 11.8% on a year-over-year basis. Analysts anticipate that EQT GP Holdings, will post $0.92 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Friday, August 4th will be given a $0.21 dividend. This is an increase from EQT GP Holdings,’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 3.04%. EQT GP Holdings,’s dividend payout ratio is presently 94.38%.
Large investors have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its stake in EQT GP Holdings, by 4.2% in the first quarter. Proficio Capital Partners LLC now owns 7,989 shares of the oil and gas company’s stock worth $211,000 after buying an additional 320 shares during the last quarter. Driehaus Capital Management LLC bought a new stake in EQT GP Holdings, during the first quarter worth about $1,578,000. HighTower Advisors LLC bought a new stake in EQT GP Holdings, during the first quarter worth about $819,000. Massachusetts Financial Services Co. MA increased its stake in EQT GP Holdings, by 1.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 950,584 shares of the oil and gas company’s stock worth $26,027,000 after buying an additional 12,774 shares during the last quarter. Finally, LVW Advisors LLC increased its stake in EQT GP Holdings, by 1.9% in the first quarter. LVW Advisors LLC now owns 10,625 shares of the oil and gas company’s stock worth $291,000 after buying an additional 200 shares during the last quarter. Institutional investors own 10.89% of the company’s stock.
EQT GP Holdings, 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.
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