EQT Corp. (EQT) Shares Bought by Mizuho Asset Management Co. Ltd.
Mizuho Asset Management Co. Ltd. boosted its stake in shares of EQT Corp. (NYSE:EQT) by 116.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 2,280 shares of the company’s stock after buying an additional 1,229 shares during the period. Mizuho Asset Management Co. Ltd.’s holdings in EQT Corp. were worth $177,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position 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 worth $1,237,603,000 after buying an additional 1,508,708 shares in the last quarter. State Street Corp boosted its position in shares of EQT Corp. by 10.0% in the first quarter. State Street Corp now owns 8,314,010 shares of the company’s stock worth $559,202,000 after buying an additional 756,362 shares in the last quarter. Boston Partners boosted its position 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 worth $534,471,000 after buying an additional 3,268,060 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of EQT Corp. by 3.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,053,520 shares of the company’s stock worth $272,640,000 after buying an additional 133,869 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of EQT Corp. by 8.8% in the first quarter. Wellington Management Group LLP now owns 2,962,442 shares of the company’s stock worth $199,254,000 after buying an additional 240,382 shares in the last quarter. 87.73% of the stock is currently owned by hedge funds and other institutional investors.
EQT Corp. (NYSE:EQT) traded up 1.66% on Thursday, reaching $75.39. The company had a trading volume of 56,100 shares. The firm’s market capitalization is $13.02 billion. EQT Corp. has a 1-year low of $47.10 and a 1-year high of $80.61. The company’s 50-day moving average price is $71.16 and its 200 day moving average price is $70.91.
EQT Corp. (NYSE:EQT) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.35) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.06. The business earned $127.53 million during the quarter, compared to the consensus estimate of $461.53 million. EQT Corp. had a negative net margin of 18.74% and a negative return on equity of 1.27%. The company’s revenue was down 71.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. On average, equities analysts forecast that EQT Corp. will post ($0.62) EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Friday, August 12th were given a $0.03 dividend. The ex-dividend date was Wednesday, August 10th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.16%. EQT Corp.’s dividend payout ratio (DPR) is currently -5.66%.
A number of equities analysts recently commented on EQT shares. Stifel Nicolaus raised EQT Corp. from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Friday, August 26th. Jefferies Group raised their target price on EQT Corp. from $74.00 to $77.00 and gave the stock a “hold” rating in a report on Friday, July 29th. Zacks Investment Research raised EQT Corp. from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a report on Tuesday, July 5th. Deutsche Bank AG cut EQT Corp. from a “buy” rating to a “hold” rating and decreased their target price for the stock from $81.00 to $79.00 in a report on Monday, June 13th. Finally, Barclays PLC raised their target price on EQT Corp. from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, July 29th. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. EQT Corp. presently has an average rating of “Hold” and a consensus price target of C$78.67.
In other EQT Corp. news, SVP Randall L. Crawford sold 4,981 shares of the company’s stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of C$77.21, for a total value of C$384,583.01. Following the completion of the transaction, the senior vice president now owns 90,723 shares in the company, valued at C$7,004,722.83. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by company insiders.
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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