Huntington National Bank Has $1,116,000 Stake in EQT Corp. (EQT)
Huntington National Bank reduced its position in EQT Corp. (NYSE:EQT) by 18.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,416 shares of the company’s stock after selling 3,226 shares during the period. Huntington National Bank’s holdings in EQT Corp. were worth $1,116,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Oakbrook Investments LLC increased its position in shares of EQT Corp. by 25.2% in the second quarter. Oakbrook Investments LLC now owns 11,415 shares of the company’s stock worth $884,000 after buying an additional 2,300 shares during the last quarter. Artemis Investment Management LLP purchased a new position in shares of EQT Corp. during the second quarter worth about $16,265,000. Legal & General Group Plc increased its position in shares of EQT Corp. by 7.4% in the first quarter. Legal & General Group Plc now owns 653,976 shares of the company’s stock worth $43,984,000 after buying an additional 45,037 shares during the last quarter. Cleararc Capital Inc. purchased a new position in shares of EQT Corp. during the first quarter worth about $263,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of EQT Corp. by 75.8% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 19,250 shares of the company’s stock worth $1,491,000 after buying an additional 8,300 shares during the last quarter. 87.74% of the stock is currently owned by hedge funds and other institutional investors.
EQT Corp. (NYSE:EQT) traded down 2.28% during trading on Monday, reaching $65.92. 1,463,673 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $71.75 and a 200 day moving average price of $71.97. The firm’s market capitalization is $11.39 billion. EQT Corp. has a 52 week low of $47.10 and a 52 week high of $80.61.
EQT Corp. (NYSE:EQT) last announced its earnings results on Thursday, July 28th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.06. The business had revenue of $127.53 million for the quarter, compared to analyst estimates 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 for the quarter was down 71.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.06) earnings per share. Equities research analysts forecast that EQT Corp. will post ($0.64) earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Friday, November 11th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend 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 presently -5.66%.
Several analysts have weighed in on the stock. Stifel Nicolaus raised shares of EQT Corp. from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Friday, August 26th. Tudor Pickering downgraded shares of EQT Corp. from a “buy” rating to a “hold” rating in a research report on Thursday. GMP Securities assumed coverage on shares of EQT Corp. in a research report on Wednesday, September 28th. They set a “buy” rating and a $92.00 target price on the stock. Wolfe Research assumed coverage on shares of EQT Corp. in a research report on Friday, October 7th. They set a “buy” rating and a $85.00 target price on the stock. Finally, Zacks Investment Research downgraded shares of EQT Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. EQT Corp. currently has an average rating of “Hold” and an average 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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