EQT GP Holdings, LP (EQGP) Holdings Lifted by Catalyst Capital Advisors LLC
Catalyst Capital Advisors LLC boosted its stake in shares of EQT GP Holdings, LP (NYSE:EQGP) by 8.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,482 shares of the oil and gas company’s stock after buying an additional 2,200 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in EQT GP Holdings, were worth $796,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in EQT GP Holdings, by 7.3% during the 1st quarter. JPMorgan Chase & Co. now owns 4,635 shares of the oil and gas company’s stock valued at $127,000 after purchasing an additional 315 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in EQT GP Holdings, by 7.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,032 shares of the oil and gas company’s stock worth $242,000 after acquiring an additional 556 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in EQT GP Holdings, during the 3rd quarter worth $245,000. Keybank National Association OH acquired a new position in EQT GP Holdings, during the 3rd quarter worth $278,000. Finally, Citadel Advisors LLC acquired a new position in EQT GP Holdings, during the 2nd quarter worth $428,000. 9.62% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have weighed in on EQGP shares. Mitsubishi UFJ Financial Group reissued an “overweight” rating on shares of EQT GP Holdings, in a report on Thursday, October 26th. BidaskClub raised shares of EQT GP Holdings, from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Royal Bank Of Canada restated a “buy” rating and issued a $37.00 price target on shares of EQT GP Holdings, in a research report on Tuesday, October 10th. Scotiabank restated a “hold” rating and issued a $32.00 price target on shares of EQT GP Holdings, in a research report on Wednesday, October 4th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $28.00 price objective on shares of EQT GP Holdings, in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $32.63.
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EQT GP Holdings, LP (NYSE EQGP) traded down $0.23 on Wednesday, hitting $26.01. 37,600 shares of the stock traded hands, compared to its average volume of 104,291. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.52. EQT GP Holdings, LP has a fifty-two week low of $22.83 and a fifty-two week high of $31.76. The company has a market cap of $6,984.17, a price-to-earnings ratio of 27.92, a price-to-earnings-growth ratio of 1.44 and a beta of 1.27.
EQT GP Holdings, (NYSE:EQGP) last posted its earnings results on Thursday, October 26th. The oil and gas company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. EQT GP Holdings, had a net margin of 30.98% and a return on equity of 12.14%. The business had revenue of $207.19 million for the quarter. sell-side analysts predict that EQT GP Holdings, LP will post 1.01 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Friday, November 3rd will be paid a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a yield of 3.51%. This is a boost from EQT GP Holdings,’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, November 2nd. EQT GP Holdings,’s dividend payout ratio is presently 96.81%.
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 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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