Dupont Capital Management Corp Acquires New Shares in EQT Co. (NYSE:EQT)

Dupont Capital Management Corp acquired a new stake in EQT Co. (NYSE:EQT) in the third quarter, according to its most recent filing with the SEC. The fund acquired 21,600 shares of the oil and gas producer’s stock, valued at approximately $230,000.

A number of other large investors have also recently made changes to their positions in the business. Municipal Employees Retirement System of Michigan boosted its holdings in EQT by 1.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 47,100 shares of the oil and gas producer’s stock valued at $745,000 after purchasing an additional 720 shares during the period. Clear Harbor Asset Management LLC boosted its holdings in EQT by 1.8% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 43,532 shares of the oil and gas producer’s stock valued at $688,000 after purchasing an additional 760 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of EQT by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 103,288 shares of the oil and gas producer’s stock worth $1,633,000 after acquiring an additional 1,456 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of EQT during the 2nd quarter worth $25,000. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of EQT by 0.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 325,872 shares of the oil and gas producer’s stock worth $5,152,000 after acquiring an additional 1,682 shares during the last quarter. 96.98% of the stock is owned by hedge funds and other institutional investors.

EQT stock opened at $11.59 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $2.78 billion, a PE ratio of 6.82, a P/E/G ratio of 1.22 and a beta of 0.64. The firm has a fifty day simple moving average of $10.25 and a two-hundred day simple moving average of $14.31. EQT Co. has a twelve month low of $9.03 and a twelve month high of $21.86.

EQT (NYSE:EQT) last posted its quarterly earnings results on Thursday, October 31st. The oil and gas producer reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.11. The business had revenue of $951.60 million during the quarter, compared to the consensus estimate of $883.29 million. EQT had a negative net margin of 14.65% and a positive return on equity of 3.81%. The firm’s revenue for the quarter was down 9.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 earnings per share. As a group, equities analysts expect that EQT Co. will post 0.89 earnings per share for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Friday, November 8th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.04%. The ex-dividend date is Thursday, November 7th. EQT’s dividend payout ratio is presently 7.06%.

A number of research firms have recently issued reports on EQT. TD Securities dropped their price objective on shares of EQT from $17.50 to $16.00 and set a “hold” rating for the company in a report on Friday, July 26th. Wells Fargo & Co dropped their price objective on shares of EQT from $29.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, September 20th. ValuEngine raised shares of EQT from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Royal Bank of Canada raised shares of EQT from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $16.00 to $17.00 in a report on Friday. Finally, Morgan Stanley dropped their price objective on shares of EQT from $5.00 to $4.50 and set an “underweight” rating for the company in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $26.50.

In other EQT news, insider (Mick) O’brien Michael 16,562 shares of the business’s stock in a transaction that occurred on Monday, October 28th. Insiders own 0.68% of the company’s stock.

EQT Profile

EQT Corporation operates as a natural gas production company in the United States. It produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2018, this segment had 21.8 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 1.4 million gross acres.

Recommended Story: Risk Tolerance

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:EQT).

Institutional Ownership by Quarter for EQT (NYSE:EQT)

Leave a Reply

Your email address will not be published. Required fields are marked *

*