Stifel Nicolaus reaffirmed their hold rating on shares of EQT GP Holdings, LP (NYSE:EQGP) in a report published on Friday. They currently have a $28.00 target price on the oil and gas company’s stock.

Other equities analysts also recently issued reports about the stock. Barclays PLC downgraded shares of EQT GP Holdings, from an overweight rating to an equal weight rating and dropped their target price for the company from $32.00 to $30.00 in a report on Tuesday, July 18th. Scotiabank set a $30.00 target price on shares of EQT GP Holdings, and gave the company a hold rating in a report on Friday, July 21st. BidaskClub upgraded shares of EQT GP Holdings, from a sell rating to a hold rating in a report on Friday, June 30th. Finally, Morgan Stanley restated an overweight rating and set a $31.00 target price (up from $30.00) on shares of EQT GP Holdings, in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. EQT GP Holdings, presently has a consensus rating of Hold and an average price target of $31.57.

EQT GP Holdings, (NYSE:EQGP) traded down 1.72% during trading on Friday, reaching $28.03. 127,008 shares of the company were exchanged. The firm has a market capitalization of $7.46 billion, a PE ratio of 31.67 and a beta of 1.31. EQT GP Holdings, has a 12 month low of $21.45 and a 12 month high of $31.76. The stock has a 50 day moving average price of $27.89 and a 200 day moving average price of $27.42.

EQT GP Holdings, (NYSE:EQGP) last posted its earnings results on Thursday, July 27th. The oil and gas company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.05. EQT GP Holdings, had a net margin of 30.65% and a return on equity of 11.72%. The firm had revenue of $199 million during the quarter, compared to the consensus estimate of $194.49 million. During the same period last year, the firm posted $1.27 EPS. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, analysts expect that EQT GP Holdings, will post $0.95 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Friday, August 4th were issued a dividend of $0.21 per share. The ex-dividend date was Wednesday, August 2nd. This is an increase from EQT GP Holdings,’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.00%. EQT GP Holdings,’s payout ratio is 94.38%.

Several large investors have recently modified their holdings of the company. Neuberger Berman Group LLC increased its stake in shares of EQT GP Holdings, by 20.4% in the first quarter. Neuberger Berman Group LLC now owns 6,038,316 shares of the oil and gas company’s stock worth $165,329,000 after buying an additional 1,021,156 shares during the period. Proficio Capital Partners LLC increased its stake in shares of EQT GP Holdings, by 4.2% in the first quarter. Proficio Capital Partners LLC now owns 7,989 shares of the oil and gas company’s stock worth $211,000 after buying an additional 320 shares during the period. HighTower Advisors LLC purchased a new stake in shares of EQT GP Holdings, during the first quarter worth approximately $819,000. Bank of Montreal Can increased its stake in shares of EQT GP Holdings, by 60.8% in the second quarter. Bank of Montreal Can now owns 246,000 shares of the oil and gas company’s stock worth $7,417,000 after buying an additional 93,000 shares during the period. Finally, Conning Inc. purchased a new stake in shares of EQT GP Holdings, during the second quarter worth approximately $435,000. Institutional investors and hedge funds own 10.27% of the company’s stock.

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.

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

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