Principal Financial Group Inc. increased its position in shares of EQT Corp. (NYSE:EQT) by 8.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 261,059 shares of the company’s stock after buying an additional 20,910 shares during the period. Principal Financial Group Inc. owned 0.15% of EQT Corp. worth $20,214,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Boston Partners increased 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 worth $534,471,000 after buying an additional 3,268,060 shares during the period. Wedge Capital Management L L P NC bought a new position in EQT Corp. during the second quarter worth approximately $85,980,000. Prudential Financial Inc. increased its position in EQT Corp. by 437.5% in the second quarter. Prudential Financial Inc. now owns 1,079,489 shares of the company’s stock worth $83,584,000 after buying an additional 878,655 shares during the period. State Street Corp increased its position in EQT Corp. by 10.0% in the first quarter. State Street Corp now owns 8,314,010 shares of the company’s stock worth $559,202,000 after buying an additional 756,362 shares during the period. Finally, Cannell Peter B & Co Inc increased its position in EQT Corp. by 59.5% in the first quarter. Cannell Peter B & Co Inc now owns 954,940 shares of the company’s stock worth $64,229,000 after buying an additional 356,215 shares during the period. 87.73% of the stock is currently owned by hedge funds and other institutional investors.
EQT Corp. (NYSE:EQT) opened at 72.62 on Friday. The firm’s 50-day moving average is $71.58 and its 200-day moving average is $71.42. EQT Corp. has a 12 month low of $47.10 and a 12 month high of $80.61. The firm’s market cap is $12.54 billion.
EQT Corp. (NYSE:EQT) last released its earnings results on Thursday, July 28th. The company reported ($0.35) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.06. EQT Corp. had a negative net margin of 18.74% and a negative return on equity of 1.27%. The firm earned $127.53 million during the quarter, compared to analyst estimates of $461.53 million. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. The firm’s revenue for the quarter was down 71.0% compared to the same quarter last year. Equities analysts expect that EQT Corp. will post ($0.62) earnings per share for the current year.
A number of research analysts recently commented on EQT shares. Scotiabank reaffirmed a “sector outperform” rating and issued a $91.00 target price (down from $92.00) on shares of EQT Corp. in a research report on Sunday, July 31st. Howard Weil downgraded shares of EQT Corp. from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $91.00 to $90.00 in a research report on Thursday, August 11th. Stifel Nicolaus raised 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 report on Friday, August 26th. Jefferies Group raised their price objective on shares of EQT Corp. from $74.00 to $77.00 and gave the stock a “hold” rating in a research report on Friday, July 29th. Finally, Deutsche Bank AG downgraded shares of EQT Corp. from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $81.00 to $79.00 in a research report on Monday, June 13th. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. EQT Corp. currently has an average rating of “Hold” and a consensus price target of C$78.78.
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.
Receive News & Ratings for EQT Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT Corp. and related companies with MarketBeat.com's FREE daily email newsletter.