Water Island Capital LLC Invests $1.47 Million in EQGP Holdings LP (EQGP)

Water Island Capital LLC acquired a new position in EQGP Holdings LP (NYSE:EQGP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 73,665 shares of the oil and gas company’s stock, valued at approximately $1,470,000.

Several other large investors have also modified their holdings of EQGP. First Republic Investment Management Inc. bought a new stake in EQGP during the 3rd quarter worth approximately $215,000. Virtu Financial LLC bought a new stake in EQGP during the 4th quarter worth approximately $236,000. First Trust Advisors LP bought a new stake in EQGP during the 3rd quarter worth approximately $361,000. Marshall Wace LLP purchased a new stake in EQGP during the 3rd quarter valued at approximately $392,000. Finally, Franklin Square Holdings L.P. purchased a new stake in EQGP during the 3rd quarter valued at approximately $489,000. Hedge funds and other institutional investors own 8.89% of the company’s stock.

In other EQGP news, VP Phillip D. Swisher sold 4,769 shares of EQGP stock in a transaction on Thursday, January 10th. The shares were sold at an average price of $20.00, for a total transaction of $95,380.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David L. Porges sold 56,263 shares of EQGP stock in a transaction on Tuesday, December 18th. The stock was sold at an average price of $19.86, for a total transaction of $1,117,383.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 41,826,129 shares of company stock valued at $836,522,580 and have sold 63,032 shares valued at $1,252,883.

A number of equities research analysts have issued reports on EQGP shares. ValuEngine lowered shares of EQGP from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 23rd. Mitsubishi UFJ Financial Group lowered shares of EQGP from an “overweight” rating to a “neutral” rating in a report on Thursday, October 25th. Credit Suisse Group set a $19.00 target price on shares of EQGP and gave the company a “hold” rating in a report on Tuesday, October 30th. Morgan Stanley cut their target price on shares of EQGP from $26.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, October 30th. Finally, Jefferies Financial Group raised shares of EQGP from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Friday, November 9th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $23.36.

NYSE EQGP remained flat at $$19.97 on Wednesday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $6.04 billion, a PE ratio of 20.38 and a beta of 1.21. EQGP Holdings LP has a fifty-two week low of $15.36 and a fifty-two week high of $30.13.

TRADEMARK VIOLATION NOTICE: “Water Island Capital LLC Invests $1.47 Million in EQGP Holdings LP (EQGP)” was originally reported by Community Financial News and is owned by of Community Financial News. If you are reading this story on another website, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this story can be read at https://www.com-unik.info/2019/02/13/water-island-capital-llc-invests-1-47-million-in-eqgp-holdings-lp-eqgp.html.

EQGP Company Profile

EQGP 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.

Featured Story: How do candlesticks reflect price movement?

Institutional Ownership by Quarter for EQGP (NYSE:EQGP)

Receive News & Ratings for EQGP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQGP and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit