EQT Co. (NYSE:EQT) Shares Purchased by Northern Trust Corp

Northern Trust Corp lifted its holdings in EQT Co. (NYSE:EQTFree Report) by 8.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,981,749 shares of the oil and gas producer’s stock after purchasing an additional 324,411 shares during the period. Northern Trust Corp’s holdings in EQT were worth $153,934,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of EQT by 8.6% in the third quarter. Vanguard Group Inc. now owns 44,899,640 shares of the oil and gas producer’s stock valued at $1,822,027,000 after purchasing an additional 3,539,661 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of EQT by 61.9% in the third quarter. Wellington Management Group LLP now owns 19,687,594 shares of the oil and gas producer’s stock valued at $798,923,000 after purchasing an additional 7,526,875 shares in the last quarter. Capital World Investors grew its holdings in shares of EQT by 1.5% in the fourth quarter. Capital World Investors now owns 17,425,711 shares of the oil and gas producer’s stock valued at $673,678,000 after purchasing an additional 265,297 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in EQT by 15.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,865,008 shares of the oil and gas producer’s stock worth $149,421,000 after acquiring an additional 519,294 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in EQT by 12.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,534,575 shares of the oil and gas producer’s stock worth $136,658,000 after acquiring an additional 380,564 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Stock Up 1.5 %

EQT stock opened at $41.13 on Tuesday. The company has a fifty day moving average price of $39.38 and a 200 day moving average price of $37.64. EQT Co. has a 12 month low of $32.07 and a 12 month high of $45.23. The company has a market cap of $18.16 billion, a price-to-earnings ratio of 29.80 and a beta of 1.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.88.

EQT (NYSE:EQTGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The oil and gas producer reported $0.82 EPS for the quarter, beating the consensus estimate of $0.65 by $0.17. EQT had a net margin of 10.96% and a return on equity of 4.57%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the prior year, the firm earned $1.70 EPS. EQT’s revenue for the quarter was down 28.8% on a year-over-year basis. Sell-side analysts expect that EQT Co. will post 1.03 earnings per share for the current year.

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Wednesday, May 8th were paid a $0.1575 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.63 annualized dividend and a yield of 1.53%. EQT’s dividend payout ratio is currently 45.65%.

Insider Buying and Selling at EQT

In other EQT news, EVP William E. Jordan sold 35,000 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $40.72, for a total value of $1,425,200.00. Following the transaction, the executive vice president now directly owns 456,837 shares of the company’s stock, valued at approximately $18,602,402.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other EQT news, EVP William E. Jordan sold 35,000 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $40.72, for a total value of $1,425,200.00. Following the transaction, the executive vice president now directly owns 456,837 shares of the company’s stock, valued at approximately $18,602,402.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lesley Evancho sold 46,884 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $41.29, for a total transaction of $1,935,840.36. Following the completion of the transaction, the insider now directly owns 160,884 shares in the company, valued at $6,642,900.36. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on EQT shares. TD Cowen started coverage on shares of EQT in a research note on Friday, April 19th. They issued a “hold” rating and a $43.00 price target for the company. Wells Fargo & Company downgraded shares of EQT from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $48.00 to $37.00 in a research note on Wednesday, April 17th. Scotiabank boosted their price objective on shares of EQT from $52.00 to $54.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 9th. Royal Bank of Canada restated an “outperform” rating and set a $46.00 price objective on shares of EQT in a research report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $37.00 price objective (down previously from $39.00) on shares of EQT in a research report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $45.24.

Read Our Latest Report on EQT

EQT Profile

(Free Report)

EQT Corporation operates as a natural gas production company in the United States. The company sells natural gas and natural gas liquids to marketers, utilities, and industrial customers through pipelines located in the Appalachian Basin. It also offers marketing services and contractual pipeline capacity management services.

See Also

Want to see what other hedge funds are holding EQT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EQT Co. (NYSE:EQTFree Report).

Institutional Ownership by Quarter for EQT (NYSE:EQT)

Receive News & Ratings for EQT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT and related companies with MarketBeat.com's FREE daily email newsletter.