EQT GP Holdings LP (NYSE:EQGP) shares traded up 5.5% during mid-day trading on Tuesday . The stock traded as high as $16.88 and last traded at $16.46. 561,648 shares were traded during mid-day trading, an increase of 193% from the average session volume of 191,944 shares. The stock had previously closed at $15.60.

Several research analysts have recently issued reports on the stock. Mitsubishi UFJ Financial Group cut shares of EQT GP from an “overweight” rating to a “neutral” rating in a report on Thursday, October 25th. Zacks Investment Research upgraded shares of EQT GP from a “sell” rating to a “hold” rating in a report on Monday, July 30th. ValuEngine cut shares of EQT GP from a “sell” rating to a “strong sell” rating in a report on Thursday, August 2nd. Morgan Stanley lowered their target price on shares of EQT GP from $26.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, October 30th. Finally, Jefferies Financial Group upgraded shares of EQT GP from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $26.08.

The stock has a market cap of $4.89 billion, a P/E ratio of 16.80 and a beta of 1.43. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.69.

EQT GP (NYSE:EQGP) last released its quarterly earnings results on Thursday, October 25th. The oil and gas company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.03). EQT GP had a net margin of 30.96% and a return on equity of 10.93%. The business had revenue of $364.58 million during the quarter, compared to analysts’ expectations of $361.93 million. As a group, analysts expect that EQT GP Holdings LP will post 1.28 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Investors of record on Friday, November 2nd will be given a $0.315 dividend. This is an increase from EQT GP’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $1.26 annualized dividend and a yield of 7.65%. EQT GP’s dividend payout ratio is 128.57%.

A number of hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in EQT GP by 446.0% during the 1st quarter. JPMorgan Chase & Co. now owns 35,425 shares of the oil and gas company’s stock worth $818,000 after buying an additional 28,937 shares during the last quarter. Bank of Montreal Can raised its position in EQT GP by 9.5% during the 2nd quarter. Bank of Montreal Can now owns 323,000 shares of the oil and gas company’s stock worth $7,594,000 after buying an additional 28,000 shares during the last quarter. Chickasaw Capital Management LLC raised its position in EQT GP by 5.5% during the 2nd quarter. Chickasaw Capital Management LLC now owns 3,573,049 shares of the oil and gas company’s stock worth $84,002,000 after buying an additional 184,702 shares during the last quarter. Conning Inc. raised its position in EQT GP by 132.6% during the 2nd quarter. Conning Inc. now owns 30,034 shares of the oil and gas company’s stock worth $706,000 after buying an additional 17,122 shares during the last quarter. Finally, Alps Advisors Inc. raised its position in EQT GP by 11.9% during the 2nd quarter. Alps Advisors Inc. now owns 34,224 shares of the oil and gas company’s stock worth $805,000 after buying an additional 3,643 shares during the last quarter. Hedge funds and other institutional investors own 8.82% of the company’s stock.

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About EQT GP (NYSE:EQGP)

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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