United Capital Financial Advisers LLC increased its stake in EQT Corporation (NYSE:EQT) by 1.7% during the first quarter, Holdings Channel reports. The fund owned 185,613 shares of the oil and gas producer’s stock after buying an additional 3,182 shares during the period. United Capital Financial Advisers LLC’s holdings in EQT Corporation were worth $11,341,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Cleararc Capital Inc. raised its position in EQT Corporation by 0.9% in the first quarter. Cleararc Capital Inc. now owns 4,248 shares of the oil and gas producer’s stock valued at $260,000 after buying an additional 37 shares during the last quarter. Shell Asset Management Co. raised its position in EQT Corporation by 0.3% in the first quarter. Shell Asset Management Co. now owns 16,575 shares of the oil and gas producer’s stock valued at $1,013,000 after buying an additional 52 shares during the last quarter. Advantus Capital Management Inc raised its position in EQT Corporation by 0.3% in the first quarter. Advantus Capital Management Inc now owns 17,317 shares of the oil and gas producer’s stock valued at $1,058,000 after buying an additional 53 shares during the last quarter. Mutual of America Capital Management LLC raised its position in EQT Corporation by 0.3% in the first quarter. Mutual of America Capital Management LLC now owns 21,438 shares of the oil and gas producer’s stock valued at $1,310,000 after buying an additional 58 shares during the last quarter. Finally, Cadence Capital Management LLC raised its position in EQT Corporation by 1.1% in the first quarter. Cadence Capital Management LLC now owns 6,037 shares of the oil and gas producer’s stock valued at $369,000 after buying an additional 64 shares during the last quarter. Institutional investors and hedge funds own 90.80% of the company’s stock.
Shares of EQT Corporation (NYSE:EQT) traded up 1.85% on Friday, reaching $58.77. The company’s stock had a trading volume of 3,453,375 shares. EQT Corporation has a one year low of $52.67 and a one year high of $80.61. The firm has a 50-day moving average price of $56.57 and a 200 day moving average price of $61.66. The firm’s market capitalization is $10.19 billion.
EQT Corporation (NYSE:EQT) last issued its quarterly earnings data on Thursday, April 27th. The oil and gas producer reported $0.43 EPS for the quarter, missing the consensus estimate of $0.45 by $0.02. EQT Corporation had a negative net margin of 15.03% and a positive return on equity of 0.18%. The business had revenue of $897.50 million for the quarter, compared to analysts’ expectations of $713.65 million. During the same quarter in the prior year, the company posted $0.07 EPS. The business’s revenue for the quarter was up 64.6% on a year-over-year basis. On average, analysts anticipate that EQT Corporation will post $1.42 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Friday, May 12th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, May 10th. This represents a $0.12 annualized dividend and a dividend yield of 0.20%. EQT Corporation’s dividend payout ratio is presently -6.82%.
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A number of equities research analysts have recently weighed in on the company. Jefferies Group LLC reiterated a “hold” rating and issued a $69.00 price objective on shares of EQT Corporation in a research report on Thursday, April 6th. Scotiabank set a $82.00 price objective on EQT Corporation and gave the stock a “hold” rating in a research report on Saturday, April 22nd. Royal Bank of Canada set a $86.00 price objective on EQT Corporation and gave the stock a “buy” rating in a research report on Tuesday, April 25th. Zacks Investment Research lowered EQT Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, March 7th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $81.00 price objective (up from $63.00) on shares of EQT Corporation in a research report on Tuesday, May 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. EQT Corporation currently has a consensus rating of “Hold” and an average target price of $81.69.
In other news, insider M Elise Hyland sold 3,479 shares of the stock in a transaction on Friday, March 31st. The stock was sold at an average price of $60.56, for a total transaction of $210,688.24. Following the completion of the sale, the insider now owns 15,941 shares in the company, valued at approximately $965,386.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director A. Bray Jr. Cary acquired 421 shares of the firm’s stock in a transaction dated Monday, April 3rd. The shares were acquired at an average price of $61.10 per share, with a total value of $25,723.10. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company’s stock.
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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