Taylor Wealth Management Partners buys $52,500 stake in EQT GP Holdings LP (EQGP)

EQT GP Holdings LP (EQGP) : Taylor Wealth Management Partners scooped up 1,500 additional shares in EQT GP Holdings LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 2,100 shares of EQT GP Holdings LP which is valued at $52,500.EQT GP Holdings LP makes up approximately 0.02% of Taylor Wealth Management Partners’s portfolio.

Other Hedge Funds, Including , Jennison Associates reduced its stake in EQGP by selling 47,810 shares or 2.66% in the most recent quarter. The Hedge Fund company now holds 1,747,463 shares of EQGP which is valued at $43,686,575. EQT GP Holdings LP makes up approx 0.05% of Jennison Associates’s portfolio. Alps Advisors Inc added EQGP to its portfolio by purchasing 9,385 company shares during the most recent quarter which is valued at $233,123.Center Coast Capital Advisors Lp reduced its stake in EQGP by selling 58,756 shares or 97.82% in the most recent quarter. The Hedge Fund company now holds 1,307 shares of EQGP which is valued at $33,132.Creative Planning reduced its stake in EQGP by selling 145 shares or 32.58% in the most recent quarter. The Hedge Fund company now holds 300 shares of EQGP which is valued at $7,572.

EQT GP Holdings LP opened for trading at $25.32 and hit $25.95 on the upside on Monday, eventually ending the session at $25.5, with a gain of 0.39% or 0.1 points. The heightened volatility saw the trading volume jump to 35,846 shares. Company has a market cap of $6,787 M.

On the company’s financial health, EQT GP Holdings LP reported $1.27 EPS for the quarter, beating the analyst consensus estimate by $ 1.12 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.15. The company had revenue of $172.00 million for the quarter, compared to analysts expectations of $171.05 million. The company’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS.

EQT GP Holdings LP is a limited partnership formed to own partnership interests in EQT Midstream Partners LP (EQM) a growth-oriented limited partnership formed by EQT Corporation (EQT) to own operate acquire and develop midstream assets in the Appalachian Basin. EQT Midstream Partners LP provides midstream services to EQT Corporation and third-party companies through its strategically located transmission storage and gathering systems that service the Marcellus and Utica regions. EQT Midstream Partners LP owns 700 miles and operates over 200 miles of federal energy regulatory commission (FERC)-regulated interstate pipelines and also owns over 1500 miles of high- and low-pressure gathering lines. The Company’s projects include Equitrans Expansion Mountain Valley Pipeline and Ohio Valley Connector.

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