Dividend Assets Capital LLC maintained its position in EQT Corp. (NYSE:EQT) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,370 shares of the company’s stock at the end of the second quarter. Dividend Assets Capital LLC’s holdings in EQT Corp. were worth $338,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC increased its position in 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 period. First Manhattan Co. boosted its stake in 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 in the last quarter. IFP Advisors Inc boosted its stake in EQT Corp. by 2.1% in the first quarter. IFP Advisors Inc now owns 2,860 shares of the company’s stock valued at $192,000 after buying an additional 60 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its stake in EQT Corp. by 1.0% in the first quarter. Silvercrest Asset Management Group LLC now owns 7,493 shares of the company’s stock valued at $504,000 after buying an additional 75 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted 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 valued at $203,000 after buying an additional 100 shares in the last quarter. 87.73% of the stock is currently owned by hedge funds and other institutional investors.
Shares of EQT Corp. (NYSE:EQT) traded up 4.41% during midday trading on Friday, reaching $72.62. The company’s stock had a trading volume of 1,893,595 shares. The company’s market capitalization is $12.54 billion. EQT Corp. has a one year low of $47.10 and a one year high of $80.61. The stock’s 50-day moving average is $71.58 and its 200-day moving average is $71.42.
EQT Corp. (NYSE:EQT) last announced its earnings results on Thursday, July 28th. The company reported ($0.35) EPS for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.06. EQT Corp. had a negative return on equity of 1.27% and a negative net margin of 18.74%. The business earned $127.53 million during the quarter, compared to analysts’ expectations of $461.53 million. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. The business’s revenue was down 71.0% compared to the same quarter last year. On average, equities analysts expect that EQT Corp. will post ($0.62) earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Friday, August 12th were issued a dividend of $0.03 per share. The ex-dividend date was Wednesday, August 10th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.17%. EQT Corp.’s payout ratio is currently -5.66%.
Several analysts recently issued reports on the company. GMP Securities assumed coverage on EQT Corp. in a research report on Wednesday. They set a “buy” rating and a $92.00 target price for the company. KLR Group reiterated a “buy” rating and set a $95.00 target price (down previously from $100.00) on shares of EQT Corp. in a research report on Monday, August 1st. Howard Weil cut their target price on EQT Corp. from $92.00 to $91.00 and set a “sector outperform” rating for the company in a research report on Friday, July 29th. Zacks Investment Research upgraded EQT Corp. from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research report on Tuesday, July 5th. Finally, Citigroup Inc. increased their target price on EQT Corp. from $72.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, July 29th. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. EQT Corp. currently has a consensus rating of “Hold” and an average 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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