Zacks Investment Research downgraded shares of EQT GP Holdings, LP (NYSE:EQGP) from a buy rating to a hold rating in a research note released on Tuesday morning.

According to Zacks, “EQT GP Holdings, LP is a limited partnership which is engaged in owning, operating, acquiring and developing midstream assets primarily in the Appalachian Basin through its subsidiaries. EQT GP Holdings, LP is based in Pittsburgh, Pennsylvania. “

Several other equities analysts have also recently weighed in on the company. Morgan Stanley raised EQT GP Holdings, from an equal weight rating to an overweight rating and set a $31.00 target price on the stock in a research note on Tuesday. RBC Capital Markets reaffirmed an outperform rating and set a $36.00 target price (up previously from $34.00) on shares of EQT GP Holdings, in a research note on Friday, February 3rd. Royal Bank Of Canada lifted their target price on EQT GP Holdings, from $34.00 to $36.00 and gave the company an outperform rating in a research note on Friday, February 3rd. Finally, Janney Montgomery Scott started coverage on EQT GP Holdings, in a research note on Thursday, January 26th. They set a buy rating and a $35.00 target price on the stock. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. EQT GP Holdings, currently has a consensus rating of Buy and a consensus price target of $33.17.

Analyst Recommendations for EQT GP Holdings, (NYSE:EQGP)

Shares of EQT GP Holdings, (NYSE:EQGP) opened at 27.58 on Tuesday. The company has a 50 day moving average of $26.94 and a 200-day moving average of $25.24. The company has a market cap of $7.34 billion, a price-to-earnings ratio of 34.56 and a beta of 1.42. EQT GP Holdings, has a 52 week low of $21.21 and a 52 week high of $28.32.

EQT GP Holdings, (NYSE:EQGP) last released its earnings results on Thursday, February 2nd. The company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. EQT GP Holdings, had a return on equity of 11.43% and a net margin of 29.55%. The company had revenue of $192.88 million for the quarter, compared to analysts’ expectations of $192.88 million. During the same quarter in the previous year, the business posted $0.17 EPS. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, equities research analysts expect that EQT GP Holdings, will post $0.87 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Thursday, February 23rd. Investors of record on Friday, February 3rd will be paid a $0.177 dividend. This is a boost from EQT GP Holdings,’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, February 1st. This represents a $0.71 annualized dividend and a dividend yield of 2.57%. EQT GP Holdings,’s payout ratio is presently 88.75%.

Several large investors have recently made changes to their positions in EQGP. Bank of Montreal Can purchased a new stake in shares of EQT GP Holdings, during the second quarter valued at approximately $2,476,000. Duff & Phelps Investment Management Co. boosted its stake in shares of EQT GP Holdings, by 18.8% in the second quarter. Duff & Phelps Investment Management Co. now owns 319,000 shares of the company’s stock valued at $8,131,000 after buying an additional 50,400 shares during the last quarter. Chickasaw Capital Management LLC boosted its stake in shares of EQT GP Holdings, by 22.1% in the second quarter. Chickasaw Capital Management LLC now owns 3,198,967 shares of the company’s stock valued at $81,542,000 after buying an additional 578,132 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in shares of EQT GP Holdings, by 184.0% in the second quarter. Neuberger Berman Group LLC now owns 2,519,837 shares of the company’s stock valued at $64,231,000 after buying an additional 1,632,595 shares during the last quarter. Finally, Catalyst Capital Advisors LLC boosted its stake in shares of EQT GP Holdings, by 45.5% in the second quarter. Catalyst Capital Advisors LLC now owns 43,525 shares of the company’s stock valued at $1,109,000 after buying an additional 13,618 shares during the last quarter. 10.35% of the stock is owned by institutional investors and hedge funds.

About EQT GP Holdings,

EQT GP Holdings, LP (EQGP) is a limited partnership company and subsidiary of EQT Gathering Holdings, LLC (EQT Gathering Holdings). The Company is 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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