BNP Paribas Arbitrage SA Has $3,109,000 Stake in EQT Corp. (EQT)
BNP Paribas Arbitrage SA raised its stake in shares of EQT Corp. (NYSE:EQT) by 37.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,818 shares of the company’s stock after buying an additional 11,607 shares during the period. BNP Paribas Arbitrage SA’s holdings in EQT Corp. were worth $3,109,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. State Treasurer State of Michigan increased its stake in shares of EQT Corp. by 9.1% in the second quarter. State Treasurer State of Michigan now owns 59,970 shares of the company’s stock worth $4,643,000 after buying an additional 5,000 shares during the period. Brown Advisory Inc. increased its stake in EQT Corp. by 23.7% in the second quarter. Brown Advisory Inc. now owns 18,884 shares of the company’s stock worth $1,462,000 after buying an additional 3,623 shares during the last quarter. Artemis Investment Management LLP bought a new stake in EQT Corp. during the second quarter worth about $16,265,000. Blair William & Co. IL increased its stake in EQT Corp. by 46.0% in the second quarter. Blair William & Co. IL now owns 10,539 shares of the company’s stock worth $816,000 after buying an additional 3,319 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in EQT Corp. by 8.7% in the second quarter. Principal Financial Group Inc. now owns 261,059 shares of the company’s stock worth $20,214,000 after buying an additional 20,910 shares during the last quarter. Hedge funds and other institutional investors own 89.09% of the company’s stock.
EQT Corp. (NYSE:EQT) traded down 1.25% during mid-day trading on Wednesday, reaching $70.08. 3,106,166 shares of the company’s stock traded hands. 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 price is $66.94 and its 200 day moving average price is $71.63. The stock’s market capitalization is $12.11 billion.
EQT Corp. (NYSE:EQT) last released its quarterly earnings data on Thursday, October 27th. The company reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.15. EQT Corp. had a negative return on equity of 1.14% and a negative net margin of 21.61%. The firm had revenue of $502.55 million for the quarter, compared to the consensus estimate of $456.55 million. During the same quarter in the prior year, the company posted ($0.33) earnings per share. The firm’s revenue was down 4.7% on a year-over-year basis. Equities research analysts predict that EQT Corp. will post ($0.58) EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors 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 yield of 0.17%. EQT Corp.’s dividend payout ratio is currently -4.92%.
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A number of equities research analysts recently issued reports on the stock. Drexel Hamilton assumed coverage on shares of EQT Corp. in a report on Thursday, November 17th. They issued a “buy” rating for the company. Zacks Investment Research downgraded shares of EQT Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Jefferies Group set a $75.00 target price on shares of EQT Corp. and gave the company a “hold” rating in a report on Tuesday, October 18th. Citigroup Inc. upgraded shares of EQT Corp. from a “neutral” rating to a “buy” rating in a report on Friday, October 28th. Finally, Scotiabank downgraded shares of EQT Corp. from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $91.00 to $90.00 in a report on Thursday, August 11th. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. EQT Corp. currently has a consensus rating of “Buy” and an average target price of $78.11.
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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