Signaturefd LLC reduced its position in EQT Corp. (NYSE:EQT) by 16.9% during the second quarter, Holdings Channel reports. The firm owned 4,182 shares of the company’s stock after selling 850 shares during the period. Signaturefd LLC’s holdings in EQT Corp. were worth $324,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Wedge Capital Management L L P NC purchased a new stake in EQT Corp. during the second quarter worth $85,980,000. Chicago Equity Partners LLC purchased a new stake in EQT Corp. during the second quarter worth $262,000. BP PLC purchased a new stake in EQT Corp. during the second quarter worth $1,548,000. Sumitomo Mitsui Asset Management Company LTD raised its stake in EQT Corp. by 17.1% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 13,419 shares of the company’s stock worth $1,039,000 after buying an additional 1,960 shares during the period. Finally, Public Employees Retirement Association of Colorado raised its stake in EQT Corp. by 1.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 34,778 shares of the company’s stock worth $2,693,000 after buying an additional 642 shares during the period. 87.74% of the stock is currently owned by institutional investors.
EQT Corp. (NYSE:EQT) traded up 0.56% during midday trading on Wednesday, hitting $65.98. 1,607,047 shares of the stock traded hands. The company has a 50-day moving average price of $71.55 and a 200 day moving average price of $71.96. EQT Corp. has a one year low of $47.10 and a one year high of $80.61. The stock’s market cap is $11.40 billion.
EQT Corp. (NYSE:EQT) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.06. The business had revenue of $127.53 million for 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%. The business’s revenue was down 71.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.06) EPS. Equities research analysts anticipate that EQT Corp. will post ($0.64) earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Friday, November 11th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date is Tuesday, November 8th. EQT Corp.’s dividend payout ratio (DPR) is -5.66%.
A number of analysts recently weighed in on the stock. Jefferies Group set a $75.00 price objective on shares of EQT Corp. and gave the stock a “hold” rating in a research report on Tuesday. Zacks Investment Research lowered shares of EQT Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday. Tudor Pickering lowered shares of EQT Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, October 13th. Wolfe Research initiated coverage on shares of EQT Corp. in a research report on Friday, October 7th. They set a “buy” rating and a $85.00 target price on the stock. Finally, GMP Securities initiated coverage on shares of EQT Corp. in a research report on Wednesday, September 28th. They set a “buy” rating and a $92.00 target price on the stock. Twelve equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of C$77.39.
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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