Todays Report: The Dimensional Fund Advisors LP Boosts Stake in EQT Corp. (EQT)

The Dimensional Fund Advisors LP Boosts Stake in EQT Corp. (EQT)

Dimensional Fund Advisors LP increased its position in EQT Corp. (NYSE:EQT) by 5.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 336,802 shares of the company’s stock after buying an additional 17,829 shares during the period. Dimensional Fund Advisors LP owned approximately 0.19% of EQT Corp. worth $26,078,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Boston Partners raised its position in EQT Corp. by 89.9% in the second quarter. Boston Partners now owns 6,902,638 shares of the company’s stock valued at $534,471,000 after buying an additional 3,268,060 shares during the period. Wellington Management Group LLP raised its position in EQT Corp. by 8.8% in the first quarter. Wellington Management Group LLP now owns 2,962,442 shares of the company’s stock valued at $199,254,000 after buying an additional 240,382 shares during the period. Ameriprise Financial Inc. raised its position in EQT Corp. by 11.5% in the second quarter. Ameriprise Financial Inc. now owns 1,601,023 shares of the company’s stock valued at $123,962,000 after buying an additional 165,445 shares during the period. Bank of New York Mellon Corp raised its position in EQT Corp. by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 1,586,815 shares of the company’s stock valued at $122,867,000 after buying an additional 69,450 shares during the period. Finally, Geode Capital Management LLC raised its position in EQT Corp. by 26.2% in the first quarter. Geode Capital Management LLC now owns 1,534,925 shares of the company’s stock valued at $103,064,000 after buying an additional 318,450 shares during the period. Hedge funds and other institutional investors own 87.74% of the company’s stock.

EQT Corp. (NYSE:EQT) opened at 66.01 on Friday. EQT Corp. has a 52-week low of $47.10 and a 52-week high of $80.61. The company’s 50-day moving average price is $70.00 and its 200-day moving average price is $71.86. The firm’s market cap is $11.40 billion.

EQT Corp. (NYSE:EQT) last released its quarterly earnings results on Thursday, October 27th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.15. The company earned $502.55 million during the quarter, compared to the consensus estimate of $456.55 million. EQT Corp. had a negative return on equity of 1.17% and a negative net margin of 21.61%. The firm’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.33) EPS. Analysts predict that EQT Corp. will post ($0.67) EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Friday, November 11th will be paid a dividend of $0.03 per share. The ex-dividend date is Tuesday, November 8th. This represents a $0.12 annualized dividend and a dividend yield of 0.18%. EQT Corp.’s dividend payout ratio (DPR) is presently -4.92%.

EQT has been the subject of several research reports. Stifel Nicolaus upgraded shares of EQT Corp. from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Friday, August 26th. Credit Suisse Group AG began coverage on shares of EQT Corp. in a research note on Monday, October 24th. They issued an “outperform” rating and a $86.00 target price 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 research note on Monday, October 17th. GMP Securities began coverage on shares of EQT Corp. in a research note 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 research note on Thursday, October 13th. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of C$77.84.

About EQT Corp.

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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