Fiduciary Trust Co. trimmed its holdings in EQT Co. (NYSE:EQT) by 4.8% in the second quarter, Holdings Channel reports. The fund owned 40,048 shares of the oil and gas producer’s stock after selling 2,021 shares during the period. Fiduciary Trust Co.’s holdings in EQT were worth $2,209,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Piedmont Investment Advisors LLC acquired a new stake in EQT in the 2nd quarter valued at about $163,000. Hudson Valley Investment Advisors Inc. ADV acquired a new stake in EQT in the 2nd quarter valued at about $207,000. Dupont Capital Management Corp lifted its holdings in EQT by 48.7% in the 2nd quarter. Dupont Capital Management Corp now owns 3,876 shares of the oil and gas producer’s stock valued at $214,000 after acquiring an additional 1,270 shares during the last quarter. Mount Yale Investment Advisors LLC acquired a new stake in EQT in the 1st quarter valued at about $191,000. Finally, West Chester Capital Advisors Inc. acquired a new stake in EQT in the 2nd quarter valued at about $245,000. 88.18% of the stock is owned by institutional investors.

EQT stock opened at $49.95 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.47. EQT Co. has a one year low of $43.70 and a one year high of $66.03. The stock has a market cap of $13.48 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 1.55 and a beta of 0.57.

EQT (NYSE:EQT) last posted its quarterly earnings data on Thursday, July 26th. The oil and gas producer reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.07. EQT had a negative net margin of 6.19% and a positive return on equity of 3.73%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the firm earned $0.06 earnings per share. The business’s quarterly revenue was up 53.1% on a year-over-year basis. sell-side analysts predict that EQT Co. will post 2.2 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, September 1st. Shareholders of record on Friday, August 10th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date is Thursday, August 9th. EQT’s dividend payout ratio is presently 8.16%.

In other news, insider Robert Joseph Mcnally acquired 4,000 shares of EQT stock in a transaction on Wednesday, June 6th. The stock was bought at an average cost of $51.18 per share, with a total value of $204,720.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.68% of the stock is currently owned by corporate insiders.

A number of equities research analysts have weighed in on EQT shares. TD Securities started coverage on shares of EQT in a report on Thursday, July 5th. They issued a “hold” rating and a $57.00 price target for the company. Morgan Stanley cut their price target on shares of EQT from $64.00 to $62.00 and set an “equal weight” rating for the company in a report on Thursday, July 12th. ValuEngine raised shares of EQT from a “sell” rating to a “hold” rating in a report on Wednesday, June 20th. JPMorgan Chase & Co. set a $70.00 price target on shares of EQT and gave the company a “buy” rating in a report on Wednesday, June 13th. Finally, Stifel Nicolaus started coverage on shares of EQT in a report on Wednesday, May 23rd. They issued a “buy” rating and a $65.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. EQT currently has a consensus rating of “Hold” and an average target price of $70.15.

EQT Company Profile

EQT Corporation, together with its subsidiaries, operates in natural gas industry in the United States. Its EQT Production segment produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2017, this segment operated 21.4 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 4.0 million gross acres comprising approximately 1.1 million gross acres.

Further Reading: Investing in Dividend Stocks

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Institutional Ownership by Quarter for EQT (NYSE:EQT)

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