Miller Howard Investments Inc. NY trimmed its stake in EQT Corporation (NYSE:EQT) by 25.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,664 shares of the oil and gas producer’s stock after selling 3,217 shares during the period. Miller Howard Investments Inc. NY’s holdings in EQT Corporation were worth $630,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Crossmark Global Holdings Inc. bought a new stake in shares of EQT Corporation in the 3rd quarter valued at approximately $907,000. Aperio Group LLC lifted its stake in shares of EQT Corporation by 17.0% in the 3rd quarter. Aperio Group LLC now owns 74,088 shares of the oil and gas producer’s stock valued at $4,834,000 after purchasing an additional 10,745 shares during the last quarter. BB&T Corp lifted its stake in shares of EQT Corporation by 5.6% in the 3rd quarter. BB&T Corp now owns 31,297 shares of the oil and gas producer’s stock valued at $2,042,000 after purchasing an additional 1,673 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in shares of EQT Corporation by 2.1% in the 2nd quarter. Lord Abbett & CO. LLC now owns 697,211 shares of the oil and gas producer’s stock valued at $40,850,000 after purchasing an additional 14,019 shares during the last quarter. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of EQT Corporation in the 2nd quarter valued at approximately $2,466,000. 90.55% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on the company. KLR Group reaffirmed a “buy” rating and issued a $102.00 price objective (up from $101.00) on shares of EQT Corporation in a research note on Sunday, July 30th. Royal Bank Of Canada set a $79.00 price target on EQT Corporation and gave the stock a “hold” rating in a report on Friday, July 28th. BMO Capital Markets set a $70.00 price target on EQT Corporation and gave the stock a “buy” rating in a report on Friday, July 28th. Stifel Nicolaus reiterated a “buy” rating and issued a $87.00 price target on shares of EQT Corporation in a report on Thursday, September 14th. Finally, Seaport Global Securities upgraded EQT Corporation from a “neutral” rating to a “buy” rating and increased their price target for the stock from $57.00 to $79.00 in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $78.09.
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In other EQT Corporation news, Director A. Bray Jr. Cary bought 406 shares of EQT Corporation stock in a transaction that occurred on Monday, October 2nd. The shares were acquired at an average price of $65.24 per share, for a total transaction of $26,487.44. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.00% of the company’s stock.
EQT Corporation (NYSE EQT) traded up $0.72 on Friday, reaching $62.78. The company’s stock had a trading volume of 2,818,809 shares, compared to its average volume of 3,712,192. The company has a market capitalization of $10.75 billion, a PE ratio of 71.30, a P/E/G ratio of 5.26 and a beta of 0.79. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.60 and a current ratio of 0.60.
EQT Corporation (NYSE:EQT) last posted its earnings results on Thursday, October 26th. The oil and gas producer reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.17. The business had revenue of $660.30 million for the quarter, compared to analyst estimates of $667.05 million. EQT Corporation had a net margin of 1.39% and a return on equity of 1.61%. The business’s quarterly revenue was up 18.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.26) EPS. research analysts expect that EQT Corporation will post 0.79 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.12 annualized dividend and a dividend yield of 0.19%. EQT Corporation’s payout ratio is 57.15%.
EQT Corporation Profile
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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