JPMorgan Chase & Co. cut its position in EQT GP Holdings LP (NYSE:EQGP) by 25.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 219,184 shares of the company’s stock after selling 76,091 shares during the period. JPMorgan Chase & Co. owned 0.08% of EQT GP Holdings worth $5,586,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Signaturefd LLC increased its position in EQT GP Holdings by 3.1% in the second quarter. Signaturefd LLC now owns 6,725 shares of the company’s stock worth $171,000 after buying an additional 200 shares during the last quarter. LVW Advisors LLC purchased a new position in shares of EQT GP Holdings during the first quarter valued at $219,000. Alps Advisors Inc. purchased a new position in shares of EQT GP Holdings during the second quarter valued at $239,000. Avalon Advisors LLC purchased a new position in shares of EQT GP Holdings during the first quarter valued at $253,000. Finally, Hollencrest Securities LLC purchased a new position in shares of EQT GP Holdings during the second quarter valued at $339,000. 10.14% of the stock is currently owned by institutional investors.
EQT GP Holdings LP (NYSE:EQGP) traded down 2.64% during trading on Wednesday, hitting $24.75. 4,017 shares of the stock traded hands. The stock has a market cap of $6.59 billion, a P/E ratio of 35.61 and a beta of 1.30. The stock has a 50 day moving average price of $25.33 and a 200-day moving average price of $25.30. EQT GP Holdings LP has a 52-week low of $17.39 and a 52-week high of $27.94.
EQT GP Holdings (NYSE:EQGP) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. EQT GP Holdings had a net margin of 27.71% and a return on equity of 11.98%. The firm had revenue of $172 million for the quarter, compared to the consensus estimate of $171.03 million. During the same quarter in the prior year, the company posted $1.12 earnings per share. The company’s revenue for the quarter was up 18.9% compared to the same quarter last year. On average, analysts anticipate that EQT GP Holdings LP will post $0.75 EPS for the current fiscal year.
Several equities analysts have weighed in on the stock. Wolfe Research assumed coverage on shares of EQT GP Holdings in a report on Friday, October 7th. They set an “outperform” rating on the stock. Zacks Investment Research downgraded shares of EQT GP Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. EQT GP Holdings has a consensus rating of “Buy” and a consensus target price of $28.44.
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 is 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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