EQT Corp. (EQT) Stake Maintained by Integrated Wealth Management
Integrated Wealth Management maintained its position in EQT Corp. (NYSE:EQT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,104 shares of the company’s stock at the end of the second quarter. Integrated Wealth Management’s holdings in EQT Corp. were worth $627,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EQT. Fisher Asset Management LLC increased its position in EQT Corp. by 0.3% in the second quarter. Fisher Asset Management LLC now owns 3,258 shares of the company’s stock valued at $251,000 after buying an additional 10 shares during the period. First Manhattan Co. increased its position in shares of EQT Corp. by 0.6% in the second quarter. First Manhattan Co. now owns 6,490 shares of the company’s stock worth $502,000 after buying an additional 40 shares during the last quarter. Silvercrest Asset Management Group LLC increased its position in shares of EQT Corp. by 1.0% in the first quarter. Silvercrest Asset Management Group LLC now owns 7,493 shares of the company’s stock worth $504,000 after buying an additional 75 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of EQT Corp. by 3.4% in the first quarter. Canada Pension Plan Investment Board now owns 3,014 shares of the company’s stock worth $203,000 after buying an additional 100 shares during the last quarter. Finally, Conning Inc. increased its position in shares of EQT Corp. by 3.7% in the second quarter. Conning Inc. now owns 4,727 shares of the company’s stock worth $366,000 after buying an additional 170 shares during the last quarter. 87.74% of the stock is owned by institutional investors and hedge funds.
Shares of EQT Corp. (NYSE:EQT) traded up 1.04% during midday trading on Wednesday, reaching $66.29. 754,217 shares of the company’s stock traded hands. EQT Corp. has a 1-year low of $47.10 and a 1-year high of $80.61. The stock’s market capitalization is $11.45 billion. The firm’s 50-day moving average price is $71.55 and its 200 day moving average price is $71.96.
EQT Corp. (NYSE:EQT) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.35) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.06. EQT Corp. had a negative net margin of 18.74% and a negative return on equity of 1.27%. The firm had revenue of $127.53 million for the quarter, compared to analyst estimates of $461.53 million. During the same period in the prior year, the business posted ($0.06) EPS. The business’s revenue for the quarter was down 71.0% compared to the same quarter last year. On average, equities analysts predict that EQT Corp. will post ($0.64) earnings per share for the current fiscal year.
The business also recently disclosed 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 of this dividend is Tuesday, November 8th. This represents a $0.12 annualized dividend and a dividend yield of 0.18%. EQT Corp.’s dividend payout ratio is currently -5.66%.
A number of research analysts recently commented on the stock. Jefferies Group increased their price target on shares of EQT Corp. from $74.00 to $77.00 and gave the company a “hold” rating in a report on Friday, July 29th. Scotiabank downgraded shares of EQT Corp. from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $91.00 to $90.00 in a report on Thursday, August 11th. Zacks Investment Research downgraded shares of EQT Corp. from a “buy” rating to a “hold” rating in a report on Tuesday. Howard Weil lowered their price target on shares of EQT Corp. from $92.00 to $91.00 and set a “sector outperform” rating for the company in a report on Friday, July 29th. Finally, Citigroup Inc. increased their price target on shares of EQT Corp. from $72.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, July 29th. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price 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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