Port Capital LLC grew its holdings in EQT GP Holdings LP (NYSE:EQGP) by 64.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 174,922 shares of the oil and gas company’s stock after acquiring an additional 68,850 shares during the quarter. Port Capital LLC owned 0.06% of EQT GP worth $3,644,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Kayne Anderson Capital Advisors LP lifted its holdings in shares of EQT GP by 24.2% in the third quarter. Kayne Anderson Capital Advisors LP now owns 1,417,422 shares of the oil and gas company’s stock worth $29,513,000 after acquiring an additional 275,945 shares during the last quarter. FMR LLC lifted its stake in EQT GP by 42.9% during the 2nd quarter. FMR LLC now owns 360,800 shares of the oil and gas company’s stock valued at $8,482,000 after acquiring an additional 108,300 shares in the last quarter. Tortoise Capital Advisors L.L.C. lifted its stake in EQT GP by 6.3% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,815,908 shares of the oil and gas company’s stock valued at $42,692,000 after acquiring an additional 107,433 shares in the last quarter. Dividend Assets Capital LLC increased its position in shares of EQT GP by 59.5% during the 3rd quarter. Dividend Assets Capital LLC now owns 257,345 shares of the oil and gas company’s stock valued at $5,360,000 after purchasing an additional 95,975 shares during the last quarter. Finally, Advisory Research Inc. increased its position in shares of EQT GP by 15.9% during the 3rd quarter. Advisory Research Inc. now owns 653,584 shares of the oil and gas company’s stock valued at $13,614,000 after purchasing an additional 89,764 shares during the last quarter. 8.90% of the stock is owned by institutional investors and hedge funds.

In related news, COO Diana M. Charletta sold 2,000 shares of the stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $20.06, for a total transaction of $40,120.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

A number of research analysts have weighed in on EQGP shares. Mitsubishi UFJ Financial Group lowered EQT GP from an “overweight” rating to a “neutral” rating in a report on Thursday, October 25th. ValuEngine raised EQT GP from a “strong sell” rating to a “sell” rating in a research note on Saturday, December 1st. Citigroup cut EQT GP from a “buy” rating to a “neutral” rating and set a $20.00 price target on the stock. in a research note on Monday. Morgan Stanley dropped their target price on EQT GP from $26.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, October 30th. Finally, Credit Suisse Group set a $19.00 price target on EQT GP and gave the company a “hold” rating in a report on Tuesday, October 30th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.08.

Shares of EQGP opened at $20.01 on Friday. The company has a market cap of $6.06 billion, a PE ratio of 20.42 and a beta of 1.51. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.34 and a quick ratio of 0.34. EQT GP Holdings LP has a 1-year low of $15.36 and a 1-year high of $30.73.

EQT GP (NYSE:EQGP) last released its earnings results on Thursday, October 25th. The oil and gas company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.03). EQT GP had a return on equity of 10.93% and a net margin of 30.96%. The company had revenue of $364.58 million during the quarter, compared to the consensus estimate of $361.93 million. As a group, sell-side analysts expect that EQT GP Holdings LP will post 1.25 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 23rd. Stockholders of record on Friday, November 2nd were paid a $0.315 dividend. This is a positive change from EQT GP’s previous quarterly dividend of $0.31. This represents a $1.26 dividend on an annualized basis and a dividend yield of 6.30%. The ex-dividend date was Thursday, November 1st. EQT GP’s dividend payout ratio is currently 128.57%.

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About EQT GP

EQT GP Holdings, LP owns, operates, acquires, and develops midstream energy assets in the Appalachian Basin through owning partnership interests in EQT Midstream Partners, LP (EQM). The company operates in two segments, Gathering and Transmission. EQM offers natural gas transmission, storage, and gathering services to various third parties in Pennsylvania, West Virginia, and Ohio.

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

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