Cadence Capital Management LLC increased its position in shares of EQT GP Holdings LP (NYSE:EQGP) by 9.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 44,706 shares of the oil and gas company’s stock after purchasing an additional 3,900 shares during the period. Cadence Capital Management LLC’s holdings in EQT GP were worth $1,203,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in EQGP. JPMorgan Chase & Co. increased its stake in shares of EQT GP 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 buying an additional 40 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of EQT GP 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 period. Bank of New York Mellon Corp purchased a new position in shares of EQT GP during the third quarter valued at $245,000. Keybank National Association OH purchased a new position in shares of EQT GP during the third quarter valued at $278,000. Finally, MAI Capital Management increased its stake in shares of EQT GP by 19.4% during the fourth quarter. MAI Capital Management now owns 26,878 shares of the oil and gas company’s stock valued at $723,000 after buying an additional 4,376 shares during the period. Hedge funds and other institutional investors own 10.26% of the company’s stock.

EQT GP Holdings LP (NYSE EQGP) opened at $25.33 on Monday. EQT GP Holdings LP has a 52 week low of $24.18 and a 52 week high of $31.76. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $6,741.96, a PE ratio of 26.95, a price-to-earnings-growth ratio of 1.21 and a beta of 1.15.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 2nd will be paid a $0.244 dividend. This represents a $0.98 annualized dividend and a yield of 3.85%. The ex-dividend date is Thursday, February 1st. This is a positive change from EQT GP’s previous quarterly dividend of $0.23. EQT GP’s payout ratio is 104.26%.

EQGP has been the topic of several research reports. Mitsubishi UFJ Financial Group restated an “overweight” rating on shares of EQT GP in a research note on Thursday, October 26th. Zacks Investment Research lowered EQT GP from a “hold” rating to a “sell” rating in a research note on Tuesday, January 16th. Bank of America initiated coverage on EQT GP in a research note on Tuesday, January 9th. They set a “buy” rating on the stock. BidaskClub lowered EQT GP from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 25th. Finally, JPMorgan Chase & Co. upgraded EQT GP from a “neutral” rating to an “overweight” rating and set a $31.00 price target on the stock in a research note on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. EQT GP currently has a consensus rating of “Hold” and a consensus target price of $32.10.

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EQT GP 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.

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

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