PNC Financial Services Group Inc. lifted its holdings in EQT GP Holdings, LP (NYSE:EQGP) by 1.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,328 shares of the oil and gas company’s stock after purchasing an additional 650 shares during the quarter. PNC Financial Services Group Inc.’s holdings in EQT GP Holdings, were worth $1,578,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in EQGP. JPMorgan Chase & Co. grew its stake in shares of EQT GP Holdings, by 7.3% in the first quarter. JPMorgan Chase & Co. now owns 4,635 shares of the oil and gas company’s stock worth $127,000 after purchasing an additional 315 shares in the last quarter. Proficio Capital Partners LLC grew 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 purchasing an additional 320 shares in the last quarter. Conning Inc. bought a new position in shares of EQT GP Holdings, in the second quarter worth $435,000. Franklin Resources Inc. grew its stake 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 worth $803,000 after purchasing an additional 840 shares in the last quarter. Finally, HighTower Advisors LLC bought a new position in shares of EQT GP Holdings, in the first quarter worth $819,000. 10.27% of the stock is owned by institutional investors.

EQT GP Holdings, LP (EQGP) opened at 29.89 on Thursday. The company has a market cap of $7.96 billion, a PE ratio of 33.77 and a beta of 1.31. EQT GP Holdings, LP has a 52 week low of $21.45 and a 52 week high of $30.65. The company’s 50-day moving average price is $28.93 and its 200 day moving average price is $28.93.

EQT GP Holdings, (NYSE:EQGP) last released its 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 company had revenue of $199.00 million during the quarter, compared to analysts’ expectations of $194.49 million. EQT GP Holdings, had a return on equity of 11.72% and a net margin of 30.65%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period last year, the firm earned $1.27 EPS. On average, analysts anticipate that EQT GP Holdings, LP will post $0.94 EPS for the current year.

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Several research analysts recently weighed in on EQGP shares. Scotiabank reaffirmed a “hold” rating and set a $32.00 target price on shares of EQT GP Holdings, in a research note on Wednesday. Stifel Nicolaus reaffirmed a “hold” rating and set a $25.00 target price on shares of EQT GP Holdings, in a research note on Friday, July 21st. Barclays PLC cut EQT GP Holdings, from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $32.00 to $30.00 in a research note on Tuesday, July 18th. BidaskClub raised EQT GP Holdings, from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $31.00 target price (up previously from $30.00) on shares of EQT GP Holdings, in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $32.00.

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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Institutional Ownership by Quarter for EQT GP Holdings, (NYSE:EQGP)

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