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.
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.
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.
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