Atlas Brown Inc. Has $499,000 Position in EQT Corp. (EQT)
Atlas Brown Inc. maintained its stake in shares of EQT Corp. (NYSE:EQT) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,440 shares of the company’s stock at the end of the second quarter. Atlas Brown Inc.’s holdings in EQT Corp. were worth $499,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Oakbrook Investments LLC raised its position in EQT Corp. by 25.2% in the second quarter. Oakbrook Investments LLC now owns 11,415 shares of the company’s stock valued at $884,000 after buying an additional 2,300 shares during the last quarter. Artemis Investment Management LLP acquired a new position in EQT Corp. during the second quarter valued at $16,265,000. Legal & General Group Plc raised its position in EQT Corp. by 7.4% in the first quarter. Legal & General Group Plc now owns 653,976 shares of the company’s stock valued at $43,984,000 after buying an additional 45,037 shares during the last quarter. Cleararc Capital Inc. acquired a new position in EQT Corp. during the first quarter valued at $263,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in EQT Corp. by 75.8% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 19,250 shares of the company’s stock valued at $1,491,000 after buying an additional 8,300 shares during the last quarter. 87.73% of the stock is owned by institutional investors and hedge funds.
Shares of EQT Corp. (NYSE:EQT) traded down 4.14% during mid-day trading on Friday, reaching $67.46. The company had a trading volume of 1,542,303 shares. The company’s market capitalization is $11.65 billion. EQT Corp. has a 12 month low of $47.10 and a 12 month high of $80.61. The firm’s 50-day moving average is $72.03 and its 200 day moving average is $71.88.
EQT Corp. (NYSE:EQT) last posted its earnings results on Thursday, July 28th. The company reported ($0.35) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.41) by $0.06. The firm had revenue of $127.53 million for the quarter, compared to analyst estimates of $461.53 million. EQT Corp. had a negative return on equity of 1.27% and a negative net margin of 18.74%. The company’s revenue for the quarter was down 71.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.06) earnings per share. On average, equities research analysts predict that EQT Corp. will post ($0.64) earnings per share for the current year.
The company also recently declared 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. The ex-dividend date is Tuesday, November 8th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.18%. EQT Corp.’s dividend payout ratio (DPR) is -5.66%.
EQT has been the topic of several recent analyst reports. Wolfe Research initiated coverage on EQT Corp. in a research report on Friday, October 7th. They set a “buy” rating and a $85.00 price target on the stock. GMP Securities initiated coverage on EQT Corp. in a research report on Wednesday, September 28th. They set a “buy” rating and a $92.00 price target on the stock. Stifel Nicolaus raised EQT Corp. from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research report on Friday, August 26th. KLR Group reissued a “buy” rating and set a $95.00 price target (down from $100.00) on shares of EQT Corp. in a research report on Monday, August 1st. Finally, Zacks Investment Research raised 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. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. EQT Corp. presently has an average rating of “Hold” and an average price target of C$78.22.
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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