Wedge Capital Management L L P NC increased its stake in EQT Corporation (NYSE:EQT) by 6.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,142,162 shares of the oil and gas producer’s stock after buying an additional 181,277 shares during the period. EQT Corporation accounts for approximately 1.8% of Wedge Capital Management L L P NC’s holdings, making the stock its 2nd largest position. Wedge Capital Management L L P NC’s holdings in EQT Corporation were worth $184,099,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Cleararc Capital Inc. increased its stake in shares of EQT Corporation by 0.9% in the first quarter. Cleararc Capital Inc. now owns 4,248 shares of the oil and gas producer’s stock valued at $260,000 after buying an additional 37 shares in the last quarter. Shell Asset Management Co. increased its stake in shares of EQT Corporation by 0.3% in the first quarter. Shell Asset Management Co. now owns 16,575 shares of the oil and gas producer’s stock valued at $1,013,000 after buying an additional 52 shares in the last quarter. Advantus Capital Management Inc increased its stake in shares of EQT Corporation by 0.3% in the first quarter. Advantus Capital Management Inc now owns 17,317 shares of the oil and gas producer’s stock valued at $1,058,000 after buying an additional 53 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in shares of EQT Corporation by 0.3% in the first quarter. Mutual of America Capital Management LLC now owns 21,438 shares of the oil and gas producer’s stock valued at $1,310,000 after buying an additional 58 shares in the last quarter. Finally, Cadence Capital Management LLC increased its stake in shares of EQT Corporation by 1.1% in the first quarter. Cadence Capital Management LLC now owns 6,037 shares of the oil and gas producer’s stock valued at $369,000 after buying an additional 64 shares in the last quarter. 90.45% of the stock is owned by hedge funds and other institutional investors.

EQT Corporation (NYSE:EQT) opened at 62.07 on Friday. The stock has a market cap of $10.76 billion, a PE ratio of 2216.79 and a beta of 0.77. EQT Corporation has a 12 month low of $49.63 and a 12 month high of $75.74. The stock has a 50 day moving average price of $61.25 and a 200-day moving average price of $59.89.

EQT Corporation (NYSE:EQT) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas producer reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The business had revenue of $631.10 million during the quarter, compared to analyst estimates of $642.21 million. EQT Corporation had a return on equity of 0.91% and a net margin of 0.20%. The company’s revenue was up 720.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.35) earnings per share. On average, analysts expect that EQT Corporation will post $1.03 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be issued a $0.03 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $0.12 annualized dividend and a dividend yield of 0.19%. EQT Corporation’s dividend payout ratio (DPR) is 400.13%.

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Several equities research analysts recently weighed in on the company. Scotiabank set a $82.00 price target on EQT Corporation and gave the stock a “hold” rating in a report on Saturday, April 22nd. Scotia Howard Weill raised EQT Corporation from a “sector perform” rating to a “sector outperform” rating in a report on Friday, July 14th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $78.00 price target on shares of EQT Corporation in a report on Thursday, July 20th. BMO Capital Markets set a $70.00 price target on EQT Corporation and gave the stock a “buy” rating in a report on Friday, July 28th. Finally, ValuEngine downgraded EQT Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $80.38.

In related news, insider Robert Joseph Mcnally bought 1,500 shares of the business’s stock in a transaction dated Wednesday, June 21st. The shares were bought at an average cost of $50.00 per share, with a total value of $75,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven T. Schlotterbeck bought 2,000 shares of the business’s stock in a transaction dated Thursday, June 22nd. The shares were bought at an average cost of $52.14 per share, for a total transaction of $104,280.00. Following the completion of the transaction, the chief executive officer now directly owns 115,178 shares of the company’s stock, valued at $6,005,380.92. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 41,901 shares of company stock valued at $2,211,775. 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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Institutional Ownership by Quarter for EQT Corporation (NYSE:EQT)

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