Miller Howard Investments Inc. NY Sells 10,413 Shares of EQT GP Holdings, LP (EQGP)

Miller Howard Investments Inc. NY cut its stake in shares of EQT GP Holdings, LP (NYSE:EQGP) by 13.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,880 shares of the oil and gas company’s stock after selling 10,413 shares during the period. Miller Howard Investments Inc. NY’s holdings in EQT GP Holdings, were worth $1,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in EQT GP Holdings, by 0.9% during the second quarter. JPMorgan Chase & Co. now owns 4,675 shares of the oil and gas company’s stock valued at $141,000 after purchasing an additional 40 shares during the period. Alps Advisors Inc. grew its stake in shares of EQT GP Holdings, by 1.4% during the second quarter. Alps Advisors Inc. now owns 28,005 shares of the oil and gas company’s stock valued at $844,000 after buying an additional 378 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of EQT GP Holdings, by 7.4% during the second quarter. The Manufacturers Life Insurance Company now owns 8,032 shares of the oil and gas company’s stock valued at $242,000 after buying an additional 556 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of EQT GP Holdings, by 1.3% during the second quarter. PNC Financial Services Group Inc. now owns 52,328 shares of the oil and gas company’s stock valued at $1,578,000 after buying an additional 650 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of EQT GP Holdings, by 3.3% during the second quarter. Franklin Resources Inc. now owns 26,640 shares of the oil and gas company’s stock valued at $803,000 after buying an additional 840 shares during the last quarter. Institutional investors and hedge funds own 10.23% of the company’s stock.

Several brokerages recently issued reports on EQGP. Barclays PLC cut EQT GP Holdings, from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $32.00 to $30.00 in a research note on Tuesday, July 18th. Scotiabank reissued a “hold” rating and issued a $32.00 price objective on shares of EQT GP Holdings, in a research note on Wednesday, October 4th. Morgan Stanley reissued an “overweight” rating and issued a $31.00 price objective (up previously from $30.00) on shares of EQT GP Holdings, in a research note on Friday, July 14th. Seaport Global Securities began coverage on EQT GP Holdings, in a research note on Tuesday, October 10th. They issued a “buy” rating and a $37.00 price objective on the stock. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $37.00 price objective on shares of EQT GP Holdings, in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $32.63.

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Shares of EQT GP Holdings, LP (EQGP) traded down $0.27 on Friday, reaching $27.37. The company’s stock had a trading volume of 72,181 shares, compared to its average volume of 119,586. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $7.22 billion, a price-to-earnings ratio of 28.85, a P/E/G ratio of 1.50 and a beta of 1.27.

EQT GP Holdings, (NYSE:EQGP) last announced its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. EQT GP Holdings, had a return on equity of 12.14% and a net margin of 30.98%. The business had revenue of $207.19 million during the quarter. equities research analysts anticipate that EQT GP Holdings, LP will post 1.01 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Friday, November 3rd will be issued a dividend of $0.228 per share. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $0.91 dividend on an annualized basis and a dividend yield of 3.33%. This is an increase from EQT GP Holdings,’s previous quarterly dividend of $0.21. EQT GP Holdings,’s dividend payout ratio (DPR) is currently 96.81%.

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.

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

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