Capstone Asset Management Co. decreased its stake in shares of EQT Corporation (NYSE:EQT) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,864 shares of the oil and gas producer’s stock after selling 226 shares during the period. Capstone Asset Management Co.’s holdings in EQT Corporation were worth $812,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. BlackRock Inc. raised its stake in EQT Corporation by 3,346.4% in the first quarter. BlackRock Inc. now owns 13,626,409 shares of the oil and gas producer’s stock valued at $832,575,000 after buying an additional 13,231,032 shares during the last quarter. OZ Management LP purchased a new stake in EQT Corporation during the first quarter worth $281,711,000. State Street Corp raised its stake in EQT Corporation by 13.6% in the first quarter. State Street Corp now owns 10,635,812 shares of the oil and gas producer’s stock worth $649,846,000 after buying an additional 1,270,294 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in EQT Corporation during the first quarter worth $70,942,000. Finally, American Century Companies Inc. raised its stake in EQT Corporation by 9.1% in the first quarter. American Century Companies Inc. now owns 9,035,038 shares of the oil and gas producer’s stock worth $552,041,000 after buying an additional 756,782 shares in the last quarter. Institutional investors and hedge funds own 90.07% of the company’s stock.
EQT Corporation (NYSE:EQT) traded down 1.31% during midday trading on Friday, hitting $60.25. 3,441,117 shares of the stock were exchanged. The firm’s 50 day moving average price is $61.97 and its 200 day moving average price is $59.78. The company has a market cap of $10.44 billion, a PE ratio of 2151.79 and a beta of 0.77. EQT Corporation has a 12 month low of $49.63 and a 12 month high of $75.74.
EQT Corporation (NYSE:EQT) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas producer reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm had revenue of $631.10 million during the quarter, compared to analyst estimates of $642.21 million. EQT Corporation had a net margin of 0.20% and a return on equity of 0.91%. EQT Corporation’s revenue was up 720.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.35) EPS. On average, equities research analysts forecast that EQT Corporation will post $1.02 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 11th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $0.12 dividend on an annualized basis and a yield of 0.20%. EQT Corporation’s payout ratio is 400.13%.
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EQT has been the subject of a number of analyst reports. Stifel Nicolaus increased their target price on shares of EQT Corporation from $79.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, July 10th. Jefferies Group LLC reiterated a “hold” rating and set a $69.00 target price on shares of EQT Corporation in a report on Tuesday, July 4th. Cowen and Company set a $80.00 target price on shares of EQT Corporation and gave the stock a “buy” rating in a report on Tuesday, July 18th. Howard Weil upgraded shares of EQT Corporation from a “sector perform” rating to a “sector outperform” rating in a report on Friday, July 14th. Finally, Royal Bank Of Canada set a $79.00 target price on shares of EQT Corporation and gave the stock a “hold” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. EQT Corporation has a consensus rating of “Buy” and an average price target of $79.92.
In related news, Director A. Bray Jr. Cary purchased 28,000 shares of the business’s stock in a transaction on Friday, June 23rd. The shares were acquired at an average price of $53.55 per share, for a total transaction of $1,499,400.00. Following the purchase, the director now owns 22,627 shares of the company’s stock, valued at approximately $1,211,675.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Joseph Mcnally purchased 1,500 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were bought at an average price of $50.00 per share, for a total transaction of $75,000.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 41,901 shares of company stock worth $2,211,775 in the last 90 days. 1.00% of the stock is currently owned by company insiders.
About EQT Corporation
EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.
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