Chartwell Investment Partners LLC Has $3.12 Million Holdings in EQT Co. (EQT)

Chartwell Investment Partners LLC raised its stake in EQT Co. (NYSE:EQT) by 5.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,512 shares of the oil and gas producer’s stock after purchasing an additional 3,347 shares during the period. Chartwell Investment Partners LLC’s holdings in EQT were worth $3,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of EQT. Quantum Capital Management grew its stake in shares of EQT by 41.0% during the third quarter. Quantum Capital Management now owns 108,806 shares of the oil and gas producer’s stock worth $4,812,000 after acquiring an additional 31,615 shares during the last quarter. MML Investors Services LLC purchased a new stake in shares of EQT during the third quarter worth about $218,000. Rhumbline Advisers grew its stake in shares of EQT by 0.7% during the third quarter. Rhumbline Advisers now owns 446,723 shares of the oil and gas producer’s stock worth $19,759,000 after acquiring an additional 3,059 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of EQT by 78.2% during the third quarter. Prudential Financial Inc. now owns 573,178 shares of the oil and gas producer’s stock worth $25,352,000 after acquiring an additional 251,597 shares during the last quarter. Finally, Beach Point Capital Management LP grew its stake in shares of EQT by 57.2% during the third quarter. Beach Point Capital Management LP now owns 1,207,701 shares of the oil and gas producer’s stock worth $53,417,000 after acquiring an additional 439,261 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

In related news, Director Philip G. Behrman purchased 20,000 shares of the firm’s stock in a transaction on Friday, November 16th. The stock was bought at an average cost of $16.51 per share, with a total value of $330,200.00. Following the completion of the acquisition, the director now owns 20,000 shares of the company’s stock, valued at approximately $330,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Jonathan M. Lushko purchased 2,960 shares of the firm’s stock in a transaction on Friday, November 16th. The stock was bought at an average cost of $16.83 per share, with a total value of $49,816.80. The disclosure for this purchase can be found here. Insiders have purchased 84,269 shares of company stock valued at $2,136,132 in the last ninety days. Corporate insiders own 0.68% of the company’s stock.

A number of equities research analysts have recently weighed in on EQT shares. Credit Suisse Group set a $48.00 price target on EQT and gave the stock a “buy” rating in a research note on Friday, October 26th. Royal Bank of Canada set a $71.00 price target on EQT and gave the stock a “buy” rating in a research note on Thursday, September 20th. LADENBURG THALM/SH SH set a $70.00 target price on EQT and gave the stock a “buy” rating in a report on Friday, August 17th. Zacks Investment Research reaffirmed a “buy” rating and set a $35.00 target price on shares of EQT in a report on Tuesday, November 13th. Finally, TheStreet raised EQT from a “d+” rating to a “c-” rating in a report on Monday, July 23rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $48.93.

EQT stock opened at $17.10 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.47 and a quick ratio of 0.47. EQT Co. has a 52 week low of $16.29 and a 52 week high of $60.35. The stock has a market cap of $4.23 billion, a P/E ratio of 6.50, a PEG ratio of 0.48 and a beta of 0.91.

EQT (NYSE:EQT) last released its earnings results on Thursday, October 25th. The oil and gas producer reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.02. EQT had a positive return on equity of 3.77% and a negative net margin of 6.86%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company posted $0.12 earnings per share. On average, equities analysts anticipate that EQT Co. will post 2.3 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Wednesday, November 21st will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Tuesday, November 20th. EQT’s dividend payout ratio (DPR) is 8.16%.

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About EQT

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.

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Institutional Ownership by Quarter for EQT (NYSE:EQT)

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