Boston Private Wealth LLC Buys 136,479 Shares of EQT Corp. (EQT)
Boston Private Wealth LLC increased its position in shares of EQT Corp. (NYSE:EQT) by 2,045.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 143,152 shares of the company’s stock after buying an additional 136,479 shares during the period. Boston Private Wealth LLC owned approximately 0.09% of EQT Corp. worth $11,084,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of EQT. Ngam Advisors L.P. bought a new stake in EQT Corp. during the first quarter worth $692,000. Prudential Financial Inc. boosted its stake in shares of EQT Corp. by 3.6% in the first quarter. Prudential Financial Inc. now owns 200,834 shares of the company’s stock worth $13,509,000 after buying an additional 7,000 shares during the period. BlackRock Fund Advisors boosted its stake in shares of EQT Corp. by 1.1% in the first quarter. BlackRock Fund Advisors now owns 2,731,419 shares of the company’s stock worth $183,715,000 after buying an additional 30,640 shares during the period. M&T Bank Corp boosted its stake in shares of EQT Corp. by 7.4% in the first quarter. M&T Bank Corp now owns 14,742 shares of the company’s stock worth $991,000 after buying an additional 1,016 shares during the period. Finally, ING Groep NV purchased a new stake in shares of EQT Corp. during the first quarter worth approximately $249,000. Institutional investors and hedge funds own 87.74% of the company’s stock.
EQT Corp. (NYSE:EQT) traded up 0.72% during midday trading on Wednesday, reaching $66.08. 502,191 shares of the company’s stock traded hands. EQT Corp. has a 52-week low of $47.10 and a 52-week high of $80.61. The firm’s market cap is $11.42 billion. The firm’s 50-day moving average is $71.55 and its 200 day moving average is $71.96.
EQT Corp. (NYSE:EQT) last announced its quarterly earnings results on Thursday, July 28th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.06. EQT Corp. had a negative net margin of 18.74% and a negative return on equity of 1.27%. The company had revenue of $127.53 million for the quarter, compared to analysts’ expectations of $461.53 million. During the same quarter in the previous year, the company earned ($0.06) earnings per share. EQT Corp.’s quarterly revenue was down 71.0% on a year-over-year basis. Equities research analysts expect that EQT Corp. will post ($0.64) earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Friday, November 11th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.18%. The ex-dividend date of this dividend is Tuesday, November 8th. EQT Corp.’s dividend payout ratio is currently -5.66%.
A number of brokerages have commented on EQT. Zacks Investment Research raised shares of EQT Corp. from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research report on Tuesday, July 5th. Howard Weil cut their price target on shares of EQT Corp. from $92.00 to $91.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 29th. Jefferies Group upped their price target on shares of EQT Corp. from $74.00 to $77.00 and gave the company a “hold” rating in a research report on Friday, July 29th. Barclays PLC upped their price target on shares of EQT Corp. from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, July 29th. Finally, Citigroup Inc. upped their price target on shares of EQT Corp. from $72.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, July 29th. Twelve analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. EQT Corp. presently has a consensus rating of “Hold” and a consensus price target of C$77.50.
EQT Corp. Company Profile
EQT Corporation (EQT) is an energy company. The Company operates through two business segments: EQT Production and EQT Midstream. EQT Production is a natural gas producer in the Appalachian Basin with over 10 trillion cubic feet equivalent (Tcfe) of natural gas, natural gas liquid (NGL) and crude oil reserves across approximately 3.4 million acres, including approximately 630,000 gross acres in the Marcellus play.
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