Alliancebernstein L.P. grew its position in EQT Co. (NYSE:EQT) by 0.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 389,001 shares of the oil and gas producer’s stock after buying an additional 3,477 shares during the quarter. Alliancebernstein L.P. owned 0.15% of EQT worth $17,206,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Piedmont Investment Advisors LLC purchased a new stake in shares of EQT in the 2nd quarter worth $163,000. Cerebellum GP LLC lifted its holdings in shares of EQT by 71.4% in the 3rd quarter. Cerebellum GP LLC now owns 3,488 shares of the oil and gas producer’s stock worth $154,000 after buying an additional 1,453 shares during the period. Dupont Capital Management Corp lifted its holdings in shares of EQT by 48.7% in the 2nd quarter. Dupont Capital Management Corp now owns 3,876 shares of the oil and gas producer’s stock worth $214,000 after buying an additional 1,270 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in shares of EQT in the 2nd quarter worth $222,000. Finally, AT Bancorp purchased a new stake in shares of EQT in the 2nd quarter worth $223,000. Institutional investors and hedge funds own 96.52% of the company’s stock.
Shares of NYSE EQT opened at $18.25 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market cap of $4.76 billion, a P/E ratio of 12.41, a P/E/G ratio of 0.53 and a beta of 0.92. EQT Co. has a 1-year low of $16.29 and a 1-year high of $59.68.
EQT (NYSE:EQT) last issued its quarterly earnings data on Thursday, October 25th. The oil and gas producer reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. EQT had a positive return on equity of 3.77% and a negative net margin of 6.86%. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the business posted $0.12 EPS. As a group, equities analysts forecast that EQT Co. will post 2.4 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Wednesday, November 21st were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Tuesday, November 20th. EQT’s dividend payout ratio (DPR) is presently 8.16%.
In other EQT news, Director James E. Rohr purchased 10,000 shares of the firm’s stock in a transaction on Thursday, November 1st. The stock was bought at an average cost of $34.66 per share, for a total transaction of $346,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Joseph Mcnally purchased 15,800 shares of the firm’s stock in a transaction on Wednesday, October 31st. The stock was acquired at an average price of $34.16 per share, with a total value of $539,728.00. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 94,269 shares of company stock valued at $2,311,332. 0.68% of the stock is currently owned by company insiders.
Several brokerages have weighed in on EQT. MKM Partners started coverage on EQT in a report on Wednesday. They issued a “buy” rating and a $28.00 target price for the company. Citigroup decreased their price objective on EQT from $43.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, November 29th. Royal Bank of Canada set a $27.00 price objective on EQT and gave the stock a “buy” rating in a research note on Sunday, November 25th. TheStreet cut EQT from a “c-” rating to a “d+” rating in a research note on Tuesday, November 20th. Finally, Morgan Stanley upped their price objective on EQT from $12.00 to $13.00 and gave the stock a “sell” rating in a research note on Tuesday, November 20th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $40.13.
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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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