Shares of EQT GP Holdings, LP (NYSE:EQGP) have earned an average rating of “Buy” from the ten brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $32.63.

A number of analysts recently issued reports on the stock. BidaskClub lowered shares of EQT GP Holdings, from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Stifel Nicolaus restated a “hold” rating and issued a $28.00 price target on shares of EQT GP Holdings, in a research note on Friday, September 1st. Seaport Global Securities assumed coverage on shares of EQT GP Holdings, in a research note on Tuesday, October 10th. They issued a “buy” rating and a $37.00 price target for the company. Mitsubishi UFJ Financial Group restated an “overweight” rating on shares of EQT GP Holdings, in a research note on Thursday, October 26th. Finally, Zacks Investment Research upgraded shares of EQT GP Holdings, from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Monday, October 30th.

EQT GP Holdings, (NYSE:EQGP) traded up $0.12 on Friday, hitting $26.13. 40,670 shares of the stock were exchanged, compared to its average volume of 104,009. The stock has a market capitalization of $6,984.17, a price-to-earnings ratio of 27.92, a P/E/G ratio of 1.44 and a beta of 1.27. EQT GP Holdings, has a 12 month low of $22.83 and a 12 month high of $31.76. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.89 and a quick ratio of 0.89.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Friday, November 3rd will be issued a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend is Thursday, November 2nd. This is an increase from EQT GP Holdings,’s previous quarterly dividend of $0.21. EQT GP Holdings,’s payout ratio is currently 96.81%.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN boosted its holdings in shares of EQT GP Holdings, by 10.7% during the third quarter. Wells Fargo & Company MN now owns 105,815 shares of the oil and gas company’s stock valued at $3,064,000 after acquiring an additional 10,250 shares during the period. Cadence Capital Management LLC acquired a new position in shares of EQT GP Holdings, during the third quarter valued at $1,182,000. JPMorgan Chase & Co. boosted its holdings in shares of EQT GP Holdings, by 112.4% during the third quarter. JPMorgan Chase & Co. now owns 9,928 shares of the oil and gas company’s stock valued at $287,000 after acquiring an additional 5,253 shares during the period. ING Groep NV boosted its holdings in shares of EQT GP Holdings, by 82.0% during the third quarter. ING Groep NV now owns 546,000 shares of the oil and gas company’s stock valued at $15,812,000 after acquiring an additional 246,000 shares during the period. Finally, Catalyst Capital Advisors LLC boosted its holdings in shares of EQT GP Holdings, by 8.7% during the third quarter. Catalyst Capital Advisors LLC now owns 27,482 shares of the oil and gas company’s stock valued at $796,000 after acquiring an additional 2,200 shares during the period. 9.62% of the stock is owned by institutional investors.

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.

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

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