AMP Capital Investors Ltd grew its position in shares of EQT Co. (NYSE:EQT) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 74,536 shares of the oil and gas producer’s stock after acquiring an additional 1,293 shares during the quarter. AMP Capital Investors Ltd’s holdings in EQT were worth $4,114,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Mackay Shields LLC purchased a new stake in shares of EQT in the first quarter worth $1,958,000. Robeco Institutional Asset Management B.V. raised its position in shares of EQT by 42.4% in the first quarter. Robeco Institutional Asset Management B.V. now owns 37,620 shares of the oil and gas producer’s stock worth $1,784,000 after buying an additional 11,193 shares in the last quarter. State of Wisconsin Investment Board raised its position in shares of EQT by 48.9% in the first quarter. State of Wisconsin Investment Board now owns 302,135 shares of the oil and gas producer’s stock worth $14,354,000 after buying an additional 99,200 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of EQT by 4.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 888,206 shares of the oil and gas producer’s stock worth $42,199,000 after buying an additional 38,403 shares in the last quarter. Finally, Aperio Group LLC raised its position in shares of EQT by 76.2% in the first quarter. Aperio Group LLC now owns 129,847 shares of the oil and gas producer’s stock worth $6,169,000 after buying an additional 56,159 shares in the last quarter. 92.46% of the stock is owned by institutional investors.
EQT has been the topic of a number of recent analyst reports. TD Securities initiated coverage on EQT in a research report on Thursday, July 5th. They issued a “hold” rating and a $57.00 price objective on the stock. Morgan Stanley lowered their price objective on EQT from $64.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 12th. ValuEngine upgraded EQT from a “sell” rating to a “hold” rating in a research report on Wednesday, June 20th. LADENBURG THALM/SH SH set a $70.00 price objective on EQT and gave the stock a “buy” rating in a research report on Friday, August 17th. Finally, JPMorgan Chase & Co. set a $70.00 price objective on EQT and gave the stock a “buy” rating in a research report on Wednesday, June 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $69.57.
NYSE EQT opened at $47.55 on Monday. EQT Co. has a twelve month low of $43.70 and a twelve month high of $66.03. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47. The stock has a market cap of $12.45 billion, a price-to-earnings ratio of 32.35, a PEG ratio of 1.40 and a beta of 0.60.
EQT (NYSE:EQT) last released its quarterly earnings results on Thursday, July 26th. The oil and gas producer reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.07. EQT had a positive return on equity of 3.73% and a negative net margin of 6.19%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the business posted $0.06 earnings per share. The company’s revenue for the quarter was up 53.1% on a year-over-year basis. analysts predict that EQT Co. will post 2.25 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Saturday, September 1st. Shareholders of record on Friday, August 10th were given a dividend of $0.03 per share. The ex-dividend date was Thursday, August 9th. This represents a $0.12 dividend on an annualized basis and a yield of 0.25%. EQT’s payout ratio is 8.16%.
In other news, Director Kenneth Michael Burke purchased 5,000 shares of the stock in a transaction on Thursday, August 9th. The shares were acquired at an average price of $50.20 per share, for a total transaction of $251,000.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $251,000. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.68% of the company’s stock.
EQT Corporation, together with its subsidiaries, operates in natural gas industry in the United States. Its EQT Production segment produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2017, this segment operated 21.4 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 4.0 million gross acres comprising approximately 1.1 million gross acres.
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