Chevy Chase Trust Holdings Inc. cut its position in shares of EQT Corp. (NYSE:EQT) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 145,151 shares of the company’s stock after selling 3,410 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in EQT Corp. were worth $10,541,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Boston Private Wealth LLC raised its position in EQT Corp. by 2,045.2% in the second quarter. Boston Private Wealth LLC now owns 143,152 shares of the company’s stock worth $11,084,000 after buying an additional 136,479 shares in the last quarter. Oakbrook Investments LLC raised its position in EQT Corp. by 25.2% in the second quarter. Oakbrook Investments LLC now owns 11,415 shares of the company’s stock worth $884,000 after buying an additional 2,300 shares in the last quarter. Artemis Investment Management LLP acquired a new position in EQT Corp. during the second quarter worth approximately $16,265,000. Livforsakringsbolaget Skandia Omsesidigt raised its position in EQT Corp. by 75.8% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 19,250 shares of the company’s stock worth $1,491,000 after buying an additional 8,300 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in EQT Corp. by 2.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 83,884 shares of the company’s stock worth $5,642,000 after buying an additional 1,852 shares in the last quarter. Institutional investors own 88.18% of the company’s stock.
EQT Corp. (NYSE:EQT) traded down 1.47% during trading on Friday, hitting $70.14. 459,367 shares of the stock were exchanged. The firm’s market cap is $12.12 billion. The stock’s 50-day moving average price is $67.06 and its 200-day moving average price is $71.61. EQT Corp. has a 12-month low of $47.10 and a 12-month high of $80.61.
EQT Corp. (NYSE:EQT) last released its quarterly earnings data on Thursday, October 27th. The company reported ($0.26) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.41) by $0.15. EQT Corp. had a negative net margin of 21.61% and a negative return on equity of 1.14%. The business had revenue of $502.55 million for the quarter, compared to analysts’ expectations of $456.55 million. During the same quarter last year, the company earned ($0.33) EPS. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. On average, equities analysts expect that EQT Corp. will post ($0.58) EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Friday, November 11th will be given a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.12 dividend on an annualized basis and a yield of 0.17%. EQT Corp.’s dividend payout ratio is presently -4.92%.
A number of research analysts have commented on EQT shares. Stifel Nicolaus upgraded shares of EQT Corp. from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research note on Friday, August 26th. Credit Suisse Group AG initiated coverage on shares of EQT Corp. in a research note on Monday, October 24th. They issued an “outperform” rating and a $86.00 price objective on the stock. Zacks Investment Research raised shares of EQT Corp. from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a report on Monday, October 17th. GMP Securities initiated coverage on shares of EQT Corp. in a report on Wednesday, September 28th. They issued a “buy” rating and a $92.00 target price on the stock. Finally, Tudor Pickering downgraded shares of EQT Corp. from a “buy” rating to a “hold” rating in a report on Thursday, October 13th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average 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.