Candriam Luxembourg S.C.A. decreased its position in shares of EQT Corp. (NYSE:EQT) by 19.3% during the second quarter, Holdings Channel reports. The firm owned 46,082 shares of the company’s stock after selling 11,015 shares during the period. Candriam Luxembourg S.C.A.’s holdings in EQT Corp. were worth $3,568,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. IFP Advisors Inc boosted its position in shares of EQT Corp. by 2.1% in the first quarter. IFP Advisors Inc now owns 2,860 shares of the company’s stock worth $192,000 after buying an additional 60 shares during the period. Canada Pension Plan Investment Board raised its stake in EQT Corp. by 3.4% in the first quarter. Canada Pension Plan Investment Board now owns 3,014 shares of the company’s stock worth $203,000 after buying an additional 100 shares in the last quarter. Eqis Capital Management Inc. purchased a new stake in EQT Corp. during the second quarter worth about $222,000. Fox Run Management L.L.C. purchased a new stake in EQT Corp. during the second quarter worth about $232,000. Finally, ING Groep NV purchased a new stake in EQT Corp. during the first quarter worth about $249,000. 87.73% of the stock is currently owned by hedge funds and other institutional investors.
EQT Corp. (NYSE:EQT) traded up 4.41% on Friday, reaching $72.62. 1,893,595 shares of the company’s stock were exchanged. EQT Corp. has a 12 month low of $47.10 and a 12 month high of $80.61. The firm has a 50-day moving average of $71.58 and a 200-day moving average of $71.42. The firm’s market capitalization is $12.54 billion.
EQT Corp. (NYSE:EQT) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.41) by $0.06. The business earned $127.53 million during the quarter, compared to the consensus estimate of $461.53 million. EQT Corp. had a negative net margin of 18.74% and a negative return on equity of 1.27%. EQT Corp.’s quarterly revenue was down 71.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.06) EPS. On average, equities analysts expect that EQT Corp. will post ($0.62) earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Friday, August 12th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.17%. The ex-dividend date was Wednesday, August 10th. EQT Corp.’s payout ratio is currently -5.66%.
A number of analysts have recently issued reports on EQT shares. KLR Group reiterated a “buy” rating and set a $95.00 price objective (down previously from $100.00) on shares of EQT Corp. in a research note on Monday, August 1st. Zacks Investment Research upgraded shares of EQT Corp. from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research note on Tuesday, July 5th. GMP Securities started coverage on shares of EQT Corp. in a research note on Wednesday. They set a “buy” rating and a $92.00 price objective on the stock. 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. Finally, Deutsche Bank AG lowered shares of EQT Corp. from a “buy” rating to a “hold” rating and dropped their price objective for the company from $81.00 to $79.00 in a research note on Monday, June 13th. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. EQT Corp. presently has an average rating of “Hold” and a consensus price target of C$78.78.
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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