EQT GP Holdings LP (EQGP) : Spirit Of America Management Corpny scooped up 42,100 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 Oct 14, 2016. The investment management firm now holds a total of 67,189 shares of EQT GP Holdings LP which is valued at $1,687,116.EQT GP Holdings LP makes up approximately 0.22% of Spirit Of America Management Corpny’s portfolio.
Other Hedge Funds, Including , Duff Phelps Investment Management Co boosted its stake in EQGP in the latest quarter, The investment management firm added 60,000 additional shares and now holds a total of 379,000 shares of EQT GP Holdings LP which is valued at $9,516,690. EQT GP Holdings LP makes up approx 0.14% of Duff Phelps Investment Management Co’s portfolio.Hollencrest Securities reduced its stake in EQGP by selling 1,200 shares or 9.02% in the most recent quarter. The Hedge Fund company now holds 12,100 shares of EQGP which is valued at $307,582. EQT GP Holdings LP makes up approx 0.05% of Hollencrest Securities’s portfolio. Bnp Paribas Arbitrage Sa sold out all of its stake in EQGP during the most recent quarter. The investment firm sold 43,593 shares of EQGP which is valued $1,086,773.
EQT GP Holdings LP opened for trading at $24.98 and hit $25.49 on the upside on Friday, eventually ending the session at $25.11, with a gain of 0.44% or 0.11 points. The heightened volatility saw the trading volume jump to 1,23,717 shares. Company has a market cap of $6,683 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.