EQT Co. (NYSE:EQT) Shares Acquired by Bokf Na

Bokf Na grew its holdings in EQT Co. (NYSE:EQT) by 38.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 170,957 shares of the oil and gas producer’s stock after purchasing an additional 47,776 shares during the period. Bokf Na’s holdings in EQT were worth $6,344,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of EQT. Bank of New York Mellon Corp lifted its stake in EQT by 27.9% during the 1st quarter. Bank of New York Mellon Corp now owns 19,883,694 shares of the oil and gas producer’s stock worth $737,089,000 after acquiring an additional 4,339,407 shares in the last quarter. Vanguard Group Inc. lifted its stake in EQT by 8.4% during the 1st quarter. Vanguard Group Inc. now owns 50,865,664 shares of the oil and gas producer’s stock worth $1,885,590,000 after acquiring an additional 3,942,802 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in EQT by 6.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 52,883,676 shares of the oil and gas producer’s stock worth $2,044,484,000 after acquiring an additional 3,159,700 shares in the last quarter. Boston Partners lifted its stake in EQT by 4,680.4% during the 4th quarter. Boston Partners now owns 2,868,030 shares of the oil and gas producer’s stock worth $110,854,000 after acquiring an additional 2,808,034 shares in the last quarter. Finally, Third Point LLC acquired a new position in EQT during the 4th quarter worth about $75,387,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Stock Down 0.2 %

Shares of EQT traded down $0.07 during mid-day trading on Friday, reaching $34.31. The company’s stock had a trading volume of 7,690,909 shares, compared to its average volume of 10,288,638. EQT Co. has a 12-month low of $32.07 and a 12-month high of $45.23. The stock has a market cap of $15.15 billion, a PE ratio of 24.86 and a beta of 1.12. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.73 and a quick ratio of 0.88. The company’s 50 day moving average is $38.32 and its 200 day moving average is $37.29.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, July 23rd. The oil and gas producer reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.12. EQT had a return on equity of 4.52% and a net margin of 12.45%. The business had revenue of $952.51 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the business posted ($0.17) EPS. The business’s revenue for the quarter was down 6.5% on a year-over-year basis. Equities analysts anticipate that EQT Co. will post 1.41 EPS for the current fiscal year.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be given a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.84%. EQT’s dividend payout ratio (DPR) is presently 45.65%.

Insider Activity at EQT

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Morgan Stanley increased their target price on EQT from $37.00 to $49.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 17th. Scotiabank upped their price target on EQT from $54.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Friday, July 12th. Jefferies Financial Group upped their price target on EQT from $43.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. BMO Capital Markets upped their price target on EQT from $40.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, May 13th. Finally, Sanford C. Bernstein upgraded EQT from an “underperform” rating to a “market perform” rating and upped their price target for the stock from $27.00 to $34.00 in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.50.

About EQT

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.