Signaturefd LLC Has $235,000 Position in EQT GP Holdings, LP (EQGP)

Signaturefd LLC maintained its position in shares of EQT GP Holdings, LP (NYSE:EQGP) during the first quarter, Holdings Channel reports. The fund owned 8,575 shares of the oil and gas company’s stock at the end of the first quarter. Signaturefd LLC’s holdings in EQT GP Holdings, were worth $235,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of EQGP. Fort Washington Investment Advisors Inc. OH raised its position in EQT GP Holdings, by 6.7% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 144,000 shares of the oil and gas company’s stock valued at $3,943,000 after buying an additional 9,000 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of EQT GP Holdings, by 20.4% in the first quarter. Neuberger Berman Group LLC now owns 6,038,316 shares of the oil and gas company’s stock worth $165,329,000 after buying an additional 1,021,156 shares during the period. JPMorgan Chase & Co. raised its stake in shares of EQT GP Holdings, by 7.3% in the first quarter. JPMorgan Chase & Co. now owns 4,635 shares of the oil and gas company’s stock worth $127,000 after buying an additional 315 shares during the period. Miller Howard Investments Inc. NY raised its stake in shares of EQT GP Holdings, by 0.4% in the first quarter. Miller Howard Investments Inc. NY now owns 79,268 shares of the oil and gas company’s stock worth $2,170,000 after buying an additional 340 shares during the period. Finally, Chickasaw Capital Management LLC raised its stake in shares of EQT GP Holdings, by 2.2% in the first quarter. Chickasaw Capital Management LLC now owns 3,361,427 shares of the oil and gas company’s stock worth $92,036,000 after buying an additional 71,536 shares during the period. 10.87% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of EQT GP Holdings, LP (NYSE:EQGP) traded up 0.65% on Friday, reaching $24.96. 48,969 shares of the company were exchanged. EQT GP Holdings, LP has a 52 week low of $21.45 and a 52 week high of $28.53. The company has a market capitalization of $6.64 billion, a price-to-earnings ratio of 29.75 and a beta of 1.34. The company’s 50-day moving average is $26.18 and its 200-day moving average is $26.48.

EQT GP Holdings, (NYSE:EQGP) last issued its quarterly earnings results on Thursday, April 27th. The oil and gas company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. EQT GP Holdings, had a net margin of 30.13% and a return on equity of 11.39%. The business had revenue of $203.40 million for the quarter, compared to the consensus estimate of $201.54 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, equities analysts expect that EQT GP Holdings, LP will post $0.89 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 24th. Shareholders of record on Friday, May 5th were issued a dividend of $0.191 per share. The ex-dividend date of this dividend was Wednesday, May 3rd. This represents a $0.76 annualized dividend and a yield of 3.06%. This is an increase from EQT GP Holdings,’s previous quarterly dividend of $0.18. EQT GP Holdings,’s payout ratio is currently 90.48%.

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A number of brokerages have issued reports on EQGP. Royal Bank of Canada reissued a “buy” rating and issued a $36.00 price target on shares of EQT GP Holdings, in a report on Thursday, April 13th. Scotiabank reissued a “hold” rating and issued a $30.00 price target on shares of EQT GP Holdings, in a report on Friday, March 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $32.60.

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 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.

Want to see what other hedge funds are holding EQGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EQT GP Holdings, LP (NYSE:EQGP).

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