Arizona State Retirement System raised its stake in EQT Corp. (NYSE:EQT) by 0.2% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 42,508 shares of the company’s stock after buying an additional 100 shares during the period. Arizona State Retirement System’s holdings in EQT Corp. were worth $3,087,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of EQT. Fisher Asset Management LLC boosted its position in shares of EQT Corp. by 0.3% in the second quarter. Fisher Asset Management LLC now owns 3,258 shares of the company’s stock valued at $251,000 after buying an additional 10 shares during the last quarter. First Manhattan Co. boosted its position in shares of EQT Corp. by 0.6% in the second quarter. First Manhattan Co. now owns 6,490 shares of the company’s stock valued at $502,000 after buying an additional 40 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of EQT Corp. by 0.4% in the third quarter. CIBC Asset Management Inc now owns 16,641 shares of the company’s stock valued at $1,208,000 after buying an additional 68 shares during the last quarter. Raymond James Trust N.A. boosted its position in shares of EQT Corp. by 0.8% in the third quarter. Raymond James Trust N.A. now owns 9,494 shares of the company’s stock valued at $689,000 after buying an additional 72 shares during the last quarter. Finally, Wetherby Asset Management Inc. boosted its position in shares of EQT Corp. by 2.8% in the second quarter. Wetherby Asset Management Inc. now owns 3,092 shares of the company’s stock valued at $240,000 after buying an additional 84 shares during the last quarter. Institutional investors and hedge funds own 88.18% of the company’s stock.
EQT Corp. (NYSE:EQT) traded up 2.39% on Thursday, hitting $71.19. 1,227,081 shares of the company were exchanged. The stock has a 50 day moving average of $67.29 and a 200 day moving average of $71.61. The company’s market capitalization is $12.30 billion. EQT Corp. has a 52 week low of $47.10 and a 52 week high of $80.61.
EQT Corp. (NYSE:EQT) last posted its quarterly earnings results on Thursday, October 27th. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.15. The firm had revenue of $502.55 million for the quarter, compared to the consensus estimate of $456.55 million. EQT Corp. had a negative net margin of 21.61% and a negative return on equity of 1.14%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.33) earnings per share. Analysts predict that EQT Corp. will post ($0.58) EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Friday, November 11th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.17%. The ex-dividend date of this dividend is Tuesday, November 8th. EQT Corp.’s dividend payout ratio (DPR) is presently -4.92%.
Several equities analysts have recently commented on the stock. KLR Group restated a “buy” rating and issued a $95.00 target price (down from $100.00) on shares of EQT Corp. in a research report on Monday, August 1st. Howard Weil decreased their price target on shares of EQT Corp. from $92.00 to $91.00 and set a “sector outperform” rating on the stock in a report on Friday, July 29th. Drexel Hamilton began coverage on shares of EQT Corp. in a report on Thursday, November 17th. They set a “buy” rating on the stock. Citigroup Inc. lifted their price target on shares of EQT Corp. from $72.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, July 29th. Finally, Zacks Investment Research lowered shares of EQT Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $78.11.
EQT Corp. Company Profile
EQT Corporation (EQT) is an energy company. The Company operates through two business segments: EQT Production and EQT Midstream. EQT Production is a natural gas producer in the Appalachian Basin with over 10 trillion cubic feet equivalent (Tcfe) of natural gas, natural gas liquid (NGL) and crude oil reserves across approximately 3.4 million acres, including approximately 630,000 gross acres in the Marcellus play.
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