EQT Corp. (EQT) Stake Raised by Aperio Group LLC
Aperio Group LLC raised its stake in EQT Corp. (NYSE:EQT) by 3.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,985 shares of the company’s stock after buying an additional 2,087 shares during the period. Aperio Group LLC’s holdings in EQT Corp. were worth $4,864,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Boston Partners raised its stake in shares of EQT Corp. by 89.9% in the second quarter. Boston Partners now owns 6,902,638 shares of the company’s stock valued at $534,471,000 after buying an additional 3,268,060 shares in the last quarter. Davis Selected Advisers purchased a new stake in shares of EQT Corp. during the second quarter valued at about $189,106,000. Vanguard Group Inc. raised its stake in shares of EQT Corp. by 10.4% in the second quarter. Vanguard Group Inc. now owns 15,983,499 shares of the company’s stock valued at $1,237,603,000 after buying an additional 1,508,708 shares in the last quarter. Cohen & Steers Inc. purchased a new stake in shares of EQT Corp. during the second quarter valued at about $14,814,000. Finally, Wedge Capital Management L L P NC purchased a new stake in shares of EQT Corp. during the second quarter valued at about $85,980,000. 89.09% of the stock is owned by institutional investors.
EQT Corp. (NYSE:EQT) traded down 1.25% during midday trading on Wednesday, hitting $70.08. The stock had a trading volume of 3,082,815 shares. EQT Corp. has a 52-week low of $47.10 and a 52-week high of $80.61. The company’s 50 day moving average price is $66.99 and its 200-day moving average price is $71.62. The stock’s market cap is $12.11 billion.
EQT Corp. (NYSE:EQT) last announced its earnings results on Thursday, October 27th. The company reported ($0.26) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.41) by $0.15. The firm earned $502.55 million during the quarter, compared to analysts’ expectations of $456.55 million. EQT Corp. had a negative return on equity of 1.14% and a negative net margin of 21.61%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.33) EPS. Analysts forecast that EQT Corp. will post ($0.58) EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Friday, November 11th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date is Tuesday, November 8th. EQT Corp.’s dividend payout ratio (DPR) is -4.92%.
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Several brokerages have issued reports on EQT. Wolfe Research began coverage on EQT Corp. in a research note on Friday, October 7th. They issued a “buy” rating and a $85.00 target price for the company. Stifel Nicolaus upgraded EQT Corp. from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Friday, August 26th. Tudor Pickering downgraded EQT Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, October 13th. Zacks Investment Research downgraded EQT Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Finally, GMP Securities started coverage on EQT Corp. in a research report on Wednesday, September 28th. They issued a “buy” rating and a $92.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. EQT Corp. currently has a consensus rating of “Buy” and an average target price of $78.11.
About EQT Corp.
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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