EQT GP Holdings, LP (EQGP) Shares Sold by Proficio Capital Partners LLC

Proficio Capital Partners LLC lowered its position in shares of EQT GP Holdings, LP (NYSE:EQGP) by 5.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,514 shares of the oil and gas company’s stock after selling 475 shares during the period. Proficio Capital Partners LLC’s holdings in EQT GP Holdings, were worth $213,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EQGP. Neuberger Berman Group LLC boosted its position 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 last quarter. Bank of Montreal Can boosted its position in shares of EQT GP Holdings, by 60.8% in the second quarter. Bank of Montreal Can now owns 246,000 shares of the oil and gas company’s stock worth $7,417,000 after buying an additional 93,000 shares during the last quarter. Chickasaw Capital Management LLC boosted its position 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 last quarter. Driehaus Capital Management LLC purchased a new position in shares of EQT GP Holdings, during the first quarter worth approximately $1,578,000. Finally, HighTower Advisors LLC purchased a new position in shares of EQT GP Holdings, during the first quarter worth approximately $819,000. 10.99% of the stock is owned by institutional investors and hedge funds.

EQT GP Holdings, LP (NYSE EQGP) opened at 25.90 on Friday. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of 29.27 and a beta of 1.31. The company has a 50-day moving average price of $28.36 and a 200 day moving average price of $27.41. EQT GP Holdings, LP has a 12 month low of $21.45 and a 12 month high of $31.76.

EQT GP Holdings, (NYSE:EQGP) last issued its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.05. The company had revenue of $199 million during the quarter, compared to the consensus estimate of $194.49 million. EQT GP Holdings, had a return on equity of 11.72% and a net margin of 30.65%. EQT GP Holdings,’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.27 EPS. Equities analysts predict that EQT GP Holdings, LP will post $0.95 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Friday, August 4th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, August 2nd. This is an increase from EQT GP Holdings,’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 3.24%. EQT GP Holdings,’s payout ratio is 94.38%.

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A number of equities research analysts have recently issued reports on the company. Scotiabank set a $30.00 price target on EQT GP Holdings, and gave the company a “hold” rating in a research report on Friday, July 21st. Morgan Stanley restated an “overweight” rating and issued a $31.00 price target (up from $30.00) on shares of EQT GP Holdings, in a research report on Friday, July 14th. Stifel Nicolaus restated a “hold” rating and issued a $25.00 price target on shares of EQT GP Holdings, in a research report on Friday, July 21st. BidaskClub lowered EQT GP Holdings, from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Finally, Barclays PLC lowered EQT GP Holdings, from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $32.00 to $30.00 in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. EQT GP Holdings, has an average rating of “Hold” and a consensus target price of $31.14.

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.