Raymond James Financial Services Advisors Inc. decreased its stake in shares of EQT Corporation (NYSE:EQT) by 37.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 4,743 shares of the oil and gas producer’s stock after selling 2,850 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in EQT Corporation were worth $290,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Swiss National Bank boosted its position in EQT Corporation by 21.4% in the first quarter. Swiss National Bank now owns 805,236 shares of the oil and gas producer’s stock valued at $49,200,000 after buying an additional 141,800 shares during the period. Foresters Investment Management Company Inc. raised its stake in shares of EQT Corporation by 0.3% in the fourth quarter. Foresters Investment Management Company Inc. now owns 94,800 shares of the oil and gas producer’s stock valued at $6,295,000 after buying an additional 300 shares in the last quarter. Arxis Securities LLC purchased a new stake in shares of EQT Corporation during the first quarter valued at about $423,000. National Pension Service raised its stake in shares of EQT Corporation by 22.2% in the first quarter. National Pension Service now owns 176,579 shares of the oil and gas producer’s stock valued at $10,715,000 after buying an additional 32,069 shares in the last quarter. Finally, Glen Harbor Capital Management LLC raised its stake in shares of EQT Corporation by 47.5% in the first quarter. Glen Harbor Capital Management LLC now owns 10,384 shares of the oil and gas producer’s stock valued at $635,000 after buying an additional 3,344 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for EQT Corporation (NYSE:EQT)

Shares of EQT Corporation (NYSE EQT) opened at 53.51 on Tuesday. The firm’s market capitalization is $9.27 billion. EQT Corporation has a 12-month low of $52.67 and a 12-month high of $80.61. The company has a 50-day moving average price of $56.42 and a 200 day moving average price of $61.31.

EQT Corporation (NYSE:EQT) last issued its quarterly earnings results on Thursday, April 27th. The oil and gas producer reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by $0.02. EQT Corporation had a negative net margin of 15.03% and a positive return on equity of 0.18%. The business had revenue of $897.50 million during the quarter, compared to the consensus estimate of $713.65 million. During the same quarter in the previous year, the business posted $0.07 EPS. The company’s revenue for the quarter was up 64.6% on a year-over-year basis. Equities research analysts expect that EQT Corporation will post $1.42 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Friday, May 12th were paid a $0.03 dividend. The ex-dividend date was Wednesday, May 10th. This represents a $0.12 annualized dividend and a dividend yield of 0.22%. EQT Corporation’s payout ratio is -6.82%.

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EQT has been the subject of several research reports. TheStreet lowered EQT Corporation from a “c-” rating to a “d+” rating in a report on Thursday, March 23rd. BidaskClub upgraded EQT Corporation from a “strong sell” rating to a “sell” rating in a report on Friday. Scotiabank set a $80.00 price target on EQT Corporation and gave the company a “hold” rating in a report on Monday, March 27th. Stifel Nicolaus reiterated a “buy” rating and set a $81.00 price target (up from $63.00) on shares of EQT Corporation in a report on Tuesday, May 2nd. Finally, Jefferies Group LLC set a $66.00 price target on EQT Corporation and gave the company a “hold” rating in a report on Monday, May 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $81.46.

In other news, insider M Elise Hyland sold 3,479 shares of EQT Corporation stock in a transaction on Friday, March 31st. The stock was sold at an average price of $60.56, for a total value of $210,688.24. Following the transaction, the insider now owns 15,941 shares in the company, valued at approximately $965,386.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director A. Bray Jr. Cary purchased 421 shares of the firm’s stock in a transaction dated Monday, April 3rd. The stock was acquired at an average price of $61.10 per share, for a total transaction of $25,723.10. The disclosure for this purchase can be found here. Company insiders own 1.00% of the company’s stock.

About EQT Corporation

EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.

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