Conning Inc. increased its stake in shares of EQT Corp. (NYSE:EQT) by 3.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,727 shares of the company’s stock after buying an additional 170 shares during the period. Conning Inc.’s holdings in EQT Corp. were worth $366,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. State Street Corp increased its position in shares of EQT Corp. by 10.0% in the first quarter. State Street Corp now owns 8,314,010 shares of the company’s stock valued at $559,202,000 after buying an additional 756,362 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of EQT Corp. by 3.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,053,520 shares of the company’s stock valued at $272,640,000 after buying an additional 133,869 shares during the last quarter. Wellington Management Group LLP increased its position in shares of EQT Corp. by 8.8% in the first quarter. Wellington Management Group LLP now owns 2,962,442 shares of the company’s stock valued at $199,254,000 after buying an additional 240,382 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of EQT Corp. by 1.1% in the first quarter. BlackRock Fund Advisors now owns 2,731,419 shares of the company’s stock valued at $183,715,000 after buying an additional 30,640 shares during the last quarter. Finally, BlackRock Group LTD increased its position in shares of EQT Corp. by 9.5% in the first quarter. BlackRock Group LTD now owns 2,464,232 shares of the company’s stock valued at $165,744,000 after buying an additional 213,322 shares during the last quarter. Hedge funds and other institutional investors own 87.73% of the company’s stock.
Shares of EQT Corp. (NYSE:EQT) traded up 1.42% during mid-day trading on Monday, reaching $73.65. The company had a trading volume of 1,291,451 shares. EQT Corp. has a 52 week low of $47.10 and a 52 week high of $80.61. The company’s market capitalization is $12.72 billion. The stock has a 50 day moving average of $71.73 and a 200-day moving average of $71.60.
EQT Corp. (NYSE:EQT) last announced its earnings results on Thursday, July 28th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.41) by $0.06. EQT Corp. had a negative return on equity of 1.27% and a negative net margin of 18.74%. The company had revenue of $127.53 million for the quarter, compared to analyst estimates of $461.53 million. During the same period in the prior year, the company posted ($0.06) EPS. The firm’s quarterly revenue was down 71.0% compared to the same quarter last year. On average, analysts expect that EQT Corp. will post ($0.62) earnings per share for the current fiscal year.
EQT has been the subject of several analyst reports. Stifel Nicolaus upgraded EQT Corp. from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a report on Friday, August 26th. GMP Securities initiated coverage on EQT Corp. in a report on Wednesday, September 28th. They issued a “buy” rating and a $92.00 price objective for the company. Jefferies Group lifted their price objective on EQT Corp. from $74.00 to $77.00 and gave the stock a “hold” rating in a report on Friday, July 29th. Zacks Investment Research upgraded EQT Corp. from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a report on Tuesday, July 5th. Finally, Deutsche Bank AG downgraded EQT Corp. from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $81.00 to $79.00 in a report on Monday, June 13th. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of C$78.78.
EQT Corp. Company Profile
EQT Corporation (EQT) is an energy company. The Company operates through two business segments: EQT Production and EQT Midstream. EQT Production is a natural gas producer in the Appalachian Basin with over 10 trillion cubic feet equivalent (Tcfe) of natural gas, natural gas liquid (NGL) and crude oil reserves across approximately 3.4 million acres, including approximately 630,000 gross acres in the Marcellus play.
Want to see what other hedge funds are holding EQT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EQT Corp. (NYSE:EQT).
Receive News & Ratings for EQT Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT Corp. and related companies with MarketBeat.com's FREE daily email newsletter.