Norinchukin Bank The boosted its position in EQT Co. (NYSE:EQT) by 18.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,956 shares of the oil and gas producer’s stock after purchasing an additional 5,380 shares during the period. Norinchukin Bank The’s holdings in EQT were worth $1,502,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cerebellum GP LLC increased its stake in EQT by 71.4% in the 3rd quarter. Cerebellum GP LLC now owns 3,488 shares of the oil and gas producer’s stock valued at $154,000 after purchasing an additional 1,453 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in EQT during the second quarter worth $163,000. Dupont Capital Management Corp increased its position in EQT by 48.7% during the second quarter. Dupont Capital Management Corp now owns 3,876 shares of the oil and gas producer’s stock worth $214,000 after buying an additional 1,270 shares in the last quarter. MML Investors Services LLC purchased a new position in EQT during the third quarter worth $218,000. Finally, Segall Bryant & Hamill LLC purchased a new position in EQT during the second quarter worth $222,000. 93.86% of the stock is owned by hedge funds and other institutional investors.
In other news, SVP David Joseph Smith bought 10,000 shares of EQT stock in a transaction that occurred on Friday, November 16th. The shares were purchased at an average price of $16.33 per share, for a total transaction of $163,300.00. Following the completion of the acquisition, the senior vice president now owns 9,190 shares of the company’s stock, valued at $150,072.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Philip G. Behrman bought 20,000 shares of EQT stock in a transaction that occurred on Friday, November 16th. The stock was purchased at an average price of $16.51 per share, for a total transaction of $330,200.00. Following the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $330,200. The disclosure for this purchase can be found here. Insiders have bought 84,269 shares of company stock worth $2,136,132 in the last 90 days. Insiders own 0.68% of the company’s stock.
EQT stock opened at $17.79 on Friday. EQT Co. has a 52-week low of $16.29 and a 52-week high of $60.35. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market cap of $4.53 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 0.51 and a beta of 0.91.
EQT (NYSE:EQT) last posted its quarterly earnings data on Thursday, October 25th. The oil and gas producer reported $0.35 earnings per share (EPS) for the quarter, topping the 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 business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the firm earned $0.12 earnings per share. As a group, equities research analysts predict that EQT Co. will post 2.3 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Wednesday, November 21st will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Tuesday, November 20th. EQT’s dividend payout ratio (DPR) is 8.16%.
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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.
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