Integrated Wealth Management maintained its position in EQT Corp. (NYSE:EQT) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,104 shares of the company’s stock at the end of the second quarter. Integrated Wealth Management’s holdings in EQT Corp. were worth $627,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Wedge Capital Management L L P NC bought a new position in EQT Corp. during the second quarter worth approximately $85,980,000. State Street Corp raised 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 last quarter. 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 worth $103,064,000 after buying an additional 318,450 shares during the last quarter. 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 worth $199,254,000 after buying an additional 240,382 shares during the last quarter. Finally, Artemis Investment Management LLP bought a new position in EQT Corp. during the second quarter worth approximately $16,265,000. 87.74% of the stock is owned by hedge funds and other institutional investors.
Shares of EQT Corp. (NYSE:EQT) traded up 1.04% on Wednesday, reaching $66.29. The company had a trading volume of 754,217 shares. EQT Corp. has a 52 week low of $47.10 and a 52 week high of $80.61. The firm’s market capitalization is $11.45 billion. The stock’s 50 day moving average is $71.55 and its 200 day moving average is $71.96.
EQT Corp. (NYSE:EQT) last released its quarterly earnings data on Thursday, July 28th. The company reported ($0.35) EPS 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 business earned $127.53 million during the quarter, compared to the consensus estimate of $461.53 million. During the same quarter in the prior year, the firm earned ($0.06) EPS. The business’s revenue was down 71.0% on a year-over-year basis. On average, equities analysts anticipate that EQT Corp. will post ($0.64) EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Friday, November 11th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.18%. The ex-dividend date of this dividend is Tuesday, November 8th. EQT Corp.’s dividend payout ratio (DPR) is presently -5.66%.
A number of equities analysts have recently commented on EQT shares. Scotiabank reaffirmed a “sector outperform” rating and issued a $91.00 price target (down from $92.00) on shares of EQT Corp. in a report on Sunday, July 31st. Tudor Pickering lowered EQT Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, October 13th. Zacks Investment Research raised EQT Corp. from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Monday. Howard Weil lowered EQT Corp. from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $91.00 to $90.00 in a research note on Thursday, August 11th. Finally, Stifel Nicolaus raised EQT Corp. from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research note on Friday, August 26th. Twelve investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. EQT Corp. has a consensus rating of “Hold” and a consensus price target of C$77.50.
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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