NBW Capital LLC raised its position in shares of EQT GP Holdings, LP (NYSE:EQGP) by 3.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 296,927 shares of the oil and gas company’s stock after purchasing an additional 10,442 shares during the quarter. EQT GP Holdings, accounts for approximately 2.5% of NBW Capital LLC’s holdings, making the stock its 5th biggest position. NBW Capital LLC owned about 0.11% of EQT GP Holdings, worth $8,952,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Neuberger Berman Group LLC grew its stake in shares of EQT GP Holdings, by 8.6% during the 2nd 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 purchasing an additional 520,351 shares during the period. Tortoise Capital Advisors L.L.C. grew its stake in shares of EQT GP Holdings, by 0.5% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,762,312 shares of the oil and gas company’s stock valued at $53,134,000 after purchasing an additional 9,498 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of EQT GP Holdings, by 1.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 950,584 shares of the oil and gas company’s stock valued at $26,027,000 after purchasing an additional 12,774 shares during the period. ING Groep NV grew its stake in shares of EQT GP Holdings, by 9.1% during the 2nd quarter. ING Groep NV now owns 300,000 shares of the oil and gas company’s stock valued at $9,045,000 after purchasing an additional 25,000 shares during the period. Finally, Bank of Montreal Can grew its stake in shares of EQT GP Holdings, by 60.8% during the 2nd quarter. Bank of Montreal Can now owns 246,000 shares of the oil and gas company’s stock valued at $7,417,000 after purchasing an additional 93,000 shares during the period. Institutional investors and hedge funds own 10.27% of the company’s stock.

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A number of equities research analysts have issued reports on the company. Scotiabank restated a “hold” rating and set a $32.00 price target on shares of EQT GP Holdings, in a research note on Wednesday. Stifel Nicolaus reiterated a “hold” rating and set a $28.00 price objective on shares of EQT GP Holdings, in a research note on Friday, September 1st. BidaskClub upgraded EQT GP Holdings, from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Barclays PLC downgraded EQT GP Holdings, from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $32.00 to $30.00 in a research note on Tuesday, July 18th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $31.00 price objective (up 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 issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $32.00.

Shares of EQT GP Holdings, LP (NYSE:EQGP) traded down 0.03% on Friday, hitting $29.72. The company had a trading volume of 73,221 shares. The stock’s 50-day moving average is $29.01 and its 200 day moving average is $29.01. The company has a market capitalization of $7.91 billion, a price-to-earnings ratio of 33.58 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.

EQT GP Holdings, (NYSE:EQGP) last issued its earnings results on Thursday, July 27th. The oil and gas company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05. The firm had revenue of $199.00 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 quarter last year, the business earned $1.27 earnings per share. Equities analysts expect that EQT GP Holdings, LP will post $0.94 EPS for the current year.

EQT GP Holdings, 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.

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

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