Caisse DE Depot ET Placement DU Quebec bought a new position in shares of EQT Co. (NYSE:EQT) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,310,499 shares of the oil and gas producer’s stock, valued at approximately $115,579,000. Caisse DE Depot ET Placement DU Quebec owned 2.86% of EQT at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of EQT. Neuberger Berman Group LLC boosted its holdings in shares of EQT by 51.4% during the first quarter. Neuberger Berman Group LLC now owns 3,268,982 shares of the oil and gas producer’s stock worth $67,791,000 after purchasing an additional 1,109,707 shares during the period. Tortoise Capital Advisors L.L.C. boosted its holdings in shares of EQT by 54.8% during the first quarter. Tortoise Capital Advisors L.L.C. now owns 1,759,160 shares of the oil and gas producer’s stock worth $36,485,000 after purchasing an additional 623,081 shares during the period. Wedge Capital Management L L P NC boosted its holdings in shares of EQT by 13.4% during the first quarter. Wedge Capital Management L L P NC now owns 4,739,954 shares of the oil and gas producer’s stock worth $98,307,000 after purchasing an additional 558,290 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of EQT by 38,052.7% during the second quarter. Robeco Institutional Asset Management B.V. now owns 435,322 shares of the oil and gas producer’s stock worth $6,883,000 after purchasing an additional 434,181 shares during the period. Finally, Duality Advisers LP purchased a new stake in shares of EQT during the first quarter worth about $8,878,000. Institutional investors own 96.54% of the company’s stock.
In other EQT news, EVP Erin R. Centofanti sold 2,970 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $16.03, for a total transaction of $47,609.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.68% of the stock is currently owned by company insiders.
A number of analysts have recently weighed in on EQT shares. Macquarie started coverage on shares of EQT in a report on Wednesday, May 29th. They set a “neutral” rating and a $21.00 target price for the company. TD Securities dropped their target price on shares of EQT from $17.50 to $16.00 and set a “hold” rating for the company in a report on Friday, July 26th. Wells Fargo & Co raised shares of EQT from a “market perform” rating to an “outperform” rating and set a $32.00 price target for the company in a research note on Monday, May 20th. Finally, Morgan Stanley decreased their price target on shares of EQT from $5.00 to $4.50 and set an “underweight” rating for the company in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $31.03.
EQT stock opened at $10.17 on Friday. EQT Co. has a 1 year low of $9.80 and a 1 year high of $28.13. The company has a market cap of $2.75 billion, a P/E ratio of 5.22, a PEG ratio of 1.11 and a beta of 0.57. The firm has a 50-day moving average of $13.18 and a 200 day moving average of $17.54. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04.
EQT (NYSE:EQT) last released its quarterly earnings results on Thursday, July 25th. The oil and gas producer reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.13. EQT had a negative net margin of 7.41% and a positive return on equity of 4.25%. The company had revenue of $958.40 million during the quarter, compared to the consensus estimate of $929.86 million. During the same period in the prior year, the firm earned $0.44 earnings per share. EQT’s revenue was down 5.8% on a year-over-year basis. On average, equities research analysts expect that EQT Co. will post 0.94 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Friday, August 9th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Thursday, August 8th. EQT’s dividend payout ratio is 7.06%.
EQT Corporation operates as a natural gas production company in the United States. It produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2018, this segment had 21.8 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 1.4 million gross acres.
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