ING Groep NV boosted its stake in EQT Corp. (NYSE:EQT) by 66.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,137 shares of the company’s stock after buying an additional 2,439 shares during the period. ING Groep NV’s holdings in EQT Corp. were worth $475,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. Virginia Retirement System bought a new stake in shares of EQT Corp. during the first quarter worth about $604,000. IFP Advisors Inc raised its stake 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. Ngam Advisors L.P. bought a new stake in shares of EQT Corp. during the first quarter worth about $692,000. TIAA CREF Investment Management LLC raised its stake in shares of EQT Corp. by 19.1% in the first quarter. TIAA CREF Investment Management LLC now owns 666,195 shares of the company’s stock worth $44,808,000 after buying an additional 106,608 shares during the period. Finally, Prudential Financial Inc. raised its stake in shares of EQT Corp. by 3.6% in the first quarter. Prudential Financial Inc. now owns 200,834 shares of the company’s stock worth $13,509,000 after buying an additional 7,000 shares during the period. 87.73% of the stock is owned by institutional investors.
EQT Corp. (NYSE:EQT) traded up 0.83% during trading on Monday, reaching $72.95. The company’s stock had a trading volume of 1,059,911 shares. EQT Corp. has a 1-year low of $47.10 and a 1-year high of $80.61. The stock has a 50 day moving average price of $72.09 and a 200 day moving average price of $71.73. The stock’s market capitalization is $12.60 billion.
EQT Corp. (NYSE:EQT) last issued its earnings results on Thursday, July 28th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.41) by $0.06. The company earned $127.53 million during the quarter, compared to analysts’ expectations of $461.53 million. EQT Corp. had a negative return on equity of 1.27% and a negative net margin of 18.74%. The firm’s quarterly revenue was down 71.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.06) EPS. Analysts anticipate that EQT Corp. will post ($0.64) earnings per share for the current fiscal year.
A number of brokerages have issued reports on EQT. Zacks Investment Research raised shares of EQT Corp. from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a report on Tuesday, July 5th. Deutsche Bank AG lowered shares of EQT Corp. from a “buy” rating to a “hold” rating and cut their target price for the company from $81.00 to $79.00 in a report on Monday, June 13th. Jefferies Group raised their target price on shares of EQT Corp. from $74.00 to $77.00 and gave the company a “hold” rating in a report on Friday, July 29th. Citigroup Inc. raised their target price on shares of EQT Corp. from $72.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, July 29th. Finally, Barclays PLC raised their target price on shares of EQT Corp. from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, July 29th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of C$78.22.
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.
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