EQT Co. (EQT) Holdings Boosted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its position in EQT Co. (NYSE:EQT) by 46.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,359 shares of the oil and gas producer’s stock after buying an additional 15,890 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in EQT were worth $2,227,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Xact Kapitalforvaltning AB lifted its holdings in EQT by 3.3% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 28,774 shares of the oil and gas producer’s stock worth $1,588,000 after buying an additional 919 shares in the last quarter. OLD National Bancorp IN increased its position in shares of EQT by 17.5% in the 2nd quarter. OLD National Bancorp IN now owns 6,472 shares of the oil and gas producer’s stock worth $357,000 after purchasing an additional 966 shares during the last quarter. Securian Asset Management Inc increased its position in shares of EQT by 4.2% in the 2nd quarter. Securian Asset Management Inc now owns 25,390 shares of the oil and gas producer’s stock worth $1,401,000 after purchasing an additional 1,025 shares during the last quarter. Mutual of America Capital Management LLC increased its position in shares of EQT by 3.6% in the 2nd quarter. Mutual of America Capital Management LLC now owns 32,521 shares of the oil and gas producer’s stock worth $1,795,000 after purchasing an additional 1,137 shares during the last quarter. Finally, Raymond James Trust N.A. increased its position in shares of EQT by 12.5% in the 3rd quarter. Raymond James Trust N.A. now owns 10,679 shares of the oil and gas producer’s stock worth $472,000 after purchasing an additional 1,190 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.

Shares of NYSE:EQT opened at $35.35 on Tuesday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.48. EQT Co. has a fifty-two week low of $30.53 and a fifty-two week high of $66.03. The stock has a market cap of $8.30 billion, a P/E ratio of 24.05, a price-to-earnings-growth ratio of 0.93 and a beta of 0.91.

EQT (NYSE:EQT) last announced its quarterly earnings data on Thursday, October 25th. The oil and gas producer reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. EQT had a negative net margin of 6.86% and a positive return on equity of 3.77%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the firm earned $0.12 EPS. On average, equities analysts expect that EQT Co. will post 2.35 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Friday, November 9th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend is Thursday, November 8th. EQT’s dividend payout ratio is presently 8.16%.

Several equities research analysts have recently weighed in on EQT shares. Jefferies Financial Group set a $52.00 target price on shares of EQT and gave the stock a “hold” rating in a research report on Tuesday, September 18th. Goldman Sachs Group started coverage on shares of EQT in a research report on Monday, September 17th. They issued a “neutral” rating and a $54.00 target price for the company. LADENBURG THALM/SH SH set a $70.00 target price on shares of EQT and gave the stock a “buy” rating in a research report on Friday, August 17th. Credit Suisse Group set a $48.00 target price on shares of EQT and gave the stock a “buy” rating in a research report on Friday, October 26th. Finally, Morgan Stanley dropped their target price on shares of EQT from $54.00 to $45.00 and set a “hold” rating for the company in a research report on Wednesday, September 26th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $57.77.

In other EQT news, CFO Robert Joseph Mcnally acquired 2,829 shares of the stock in a transaction that occurred on Friday, November 2nd. The stock was acquired at an average price of $32.93 per share, with a total value of $93,158.97. Following the transaction, the chief financial officer now directly owns 47,715 shares in the company, valued at $1,571,254.95. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director James E. Rohr acquired 10,000 shares of the stock in a transaction that occurred on Thursday, November 1st. The shares were acquired at an average cost of $34.66 per share, with a total value of $346,600.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 47,609 shares of company stock valued at $1,698,612. Insiders own 0.68% of the company’s stock.

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About EQT

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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Institutional Ownership by Quarter for EQT (NYSE:EQT)

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