EQT Corporation (NYSE:EQT) Announces Quarterly Dividend of $0.17

EQT Corporation (NYSE:EQT) declared a quarterly dividend on Thursday, February 5th. Investors of record on Tuesday, February 17th will be given a dividend of 0.165 per share by the oil and gas producer on Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, February 17th.

EQT has raised its dividend payment by an average of 0.4%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. EQT has a dividend payout ratio of 13.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect EQT to earn $4.34 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 15.2%.

EQT Trading Down 0.1%

EQT stock opened at $55.35 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.58 and a quick ratio of 0.58. The company has a fifty day moving average price of $54.91 and a two-hundred day moving average price of $54.18. EQT has a one year low of $43.57 and a one year high of $62.23. The stock has a market cap of $34.54 billion, a price-to-earnings ratio of 18.95, a price-to-earnings-growth ratio of 0.46 and a beta of 0.74.

Hedge Funds Weigh In On EQT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EQT. Sound Shore Management Inc CT acquired a new position in shares of EQT in the second quarter worth approximately $67,539,000. Reaves W H & Co. Inc. boosted its stake in shares of EQT by 213.3% in the 3rd quarter. Reaves W H & Co. Inc. now owns 1,029,234 shares of the oil and gas producer’s stock valued at $56,021,000 after purchasing an additional 700,732 shares during the last quarter. SG Americas Securities LLC increased its position in shares of EQT by 1,286.2% during the second quarter. SG Americas Securities LLC now owns 735,936 shares of the oil and gas producer’s stock worth $42,920,000 after buying an additional 682,844 shares during the period. Sound Shore Management Inc CT increased its position in shares of EQT by 31.8% during the third quarter. Sound Shore Management Inc CT now owns 1,526,821 shares of the oil and gas producer’s stock worth $83,105,000 after buying an additional 368,748 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in EQT by 116.4% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 534,485 shares of the oil and gas producer’s stock worth $29,092,000 after buying an additional 287,538 shares during the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

EQT Company Profile

EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT’s primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.

In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.