Shares of EQT GP Holdings, LP (NYSE:EQGP) have been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $31.17.

Several analysts have commented on the stock. BidaskClub lowered shares of EQT GP Holdings, from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Scotiabank set a $30.00 price target on shares of EQT GP Holdings, and gave the company a “hold” rating in a research report on Friday, July 21st. Stifel Nicolaus reissued a “hold” rating and set a $25.00 price target on shares of EQT GP Holdings, in a research report on Friday, July 21st. Barclays PLC lowered shares of EQT GP Holdings, from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $32.00 to $30.00 in a research report on Tuesday, July 18th. Finally, Morgan Stanley reissued an “overweight” rating and set a $31.00 price target (up from $30.00) on shares of EQT GP Holdings, in a research report on Friday, July 14th.

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Several institutional investors have recently made changes to their positions in EQGP. PNC Financial Services Group Inc. raised its position in shares of EQT GP Holdings, by 1.3% in the second quarter. PNC Financial Services Group Inc. now owns 52,328 shares of the oil and gas company’s stock valued at $1,578,000 after buying an additional 650 shares during the last quarter. Franklin Resources Inc. raised its position in shares of EQT GP Holdings, by 3.3% in the second quarter. Franklin Resources Inc. now owns 26,640 shares of the oil and gas company’s stock valued at $803,000 after buying an additional 840 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of EQT GP Holdings, by 0.9% in the second quarter. JPMorgan Chase & Co. now owns 4,675 shares of the oil and gas company’s stock valued at $141,000 after buying an additional 40 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of EQT GP Holdings, by 8.6% in the second quarter. Neuberger Berman Group LLC now owns 6,558,667 shares of the oil and gas company’s stock valued at $197,744,000 after buying an additional 520,351 shares during the last quarter. Finally, Marshall Wace North America L.P. bought a new position in shares of EQT GP Holdings, during the second quarter valued at approximately $3,041,000. 10.89% of the stock is owned by hedge funds and other institutional investors.

EQT GP Holdings, (NYSE:EQGP) traded up 1.11% during mid-day trading on Friday, reaching $27.21. 18,221 shares of the company’s stock were exchanged. EQT GP Holdings, has a one year low of $21.45 and a one year high of $31.76. The firm has a market capitalization of $7.24 billion, a P/E ratio of 30.75 and a beta of 1.31. The company’s 50-day moving average is $28.89 and its 200 day moving average is $27.47.

EQT GP Holdings, (NYSE:EQGP) last released its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.05. The business had revenue of $199 million during the quarter, compared to analyst estimates of $194.49 million. EQT GP Holdings, had a net margin of 30.65% and a return on equity of 11.72%. The company’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.27 earnings per share. Equities analysts predict that EQT GP Holdings, will post $0.92 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Investors of record on Friday, August 4th will be given a $0.21 dividend. This is a positive change from EQT GP Holdings,’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Wednesday, August 2nd. EQT GP Holdings,’s dividend payout ratio (DPR) is presently 94.38%.

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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