Credit Agricole S A cut its stake in EQT Corporation (NYSE:EQT) by 49.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,398 shares of the oil and gas producer’s stock after selling 59,116 shares during the period. Credit Agricole S A’s holdings in EQT Corporation were worth $3,628,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Shell Asset Management Co. raised 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 during the last quarter. Mutual of America Capital Management LLC raised 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 during the last quarter. Cadence Capital Management LLC raised 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 during the last quarter. Pacer Advisors Inc. raised its stake in shares of EQT Corporation by 3.1% in the first quarter. Pacer Advisors Inc. now owns 3,255 shares of the oil and gas producer’s stock valued at $199,000 after buying an additional 99 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of EQT Corporation by 1.4% in the first quarter. Nordea Investment Management AB now owns 10,082 shares of the oil and gas producer’s stock valued at $616,000 after buying an additional 136 shares during the last quarter. 90.80% of the stock is owned by institutional investors.
Shares of EQT Corporation (EQT) traded up 1.85% on Friday, hitting $58.77. 3,467,539 shares of the stock traded hands. The company’s market cap is $10.19 billion. EQT Corporation has a 12 month low of $52.67 and a 12 month high of $80.61. The firm’s 50 day moving average is $56.55 and its 200-day moving average is $61.58.
EQT Corporation (NYSE:EQT) last posted its quarterly earnings data on Thursday, April 27th. The oil and gas producer reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by $0.02. The company had revenue of $897.50 million for the quarter, compared to analysts’ expectations of $713.65 million. EQT Corporation had a positive return on equity of 0.18% and a negative net margin of 15.03%. The company’s revenue for the quarter was up 64.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 EPS. Equities analysts predict that EQT Corporation will post $1.42 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Friday, May 12th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date was Wednesday, May 10th. EQT Corporation’s dividend payout ratio is presently -6.82%.
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Several brokerages recently commented on EQT. Scotiabank set a $82.00 price target on shares of EQT Corporation and gave the stock a “hold” rating in a report on Saturday, April 22nd. Jefferies Group LLC set a $69.00 price target on shares of EQT Corporation and gave the stock a “hold” rating in a report on Saturday, March 4th. BidaskClub raised shares of EQT Corporation from a “strong sell” rating to a “sell” rating in a report on Friday. Royal Bank Of Canada reaffirmed a “buy” rating and set a $86.00 target price on shares of EQT Corporation in a report on Friday, June 2nd. Finally, ValuEngine lowered shares of EQT Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. EQT Corporation currently has a consensus rating of “Hold” and a consensus target price of $81.69.
In other EQT Corporation news, Director A. Bray Jr. Cary purchased 421 shares of the stock in a transaction on Monday, April 3rd. The stock was bought at an average price of $61.10 per share, for a total transaction of $25,723.10. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider M Elise Hyland sold 3,479 shares of EQT Corporation stock in a transaction dated Friday, March 31st. The shares were sold at an average price of $60.56, for a total value of $210,688.24. Following the completion of the sale, the insider now owns 15,941 shares of the company’s stock, valued at approximately $965,386.96. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.
EQT Corporation Company Profile
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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