Boston Private Wealth LLC Buys 136,479 Shares of EQT Corp. (EQT)

Boston Private Wealth LLC increased its stake in shares of EQT Corp. (NYSE:EQT) by 2,045.2% during the second quarter, Holdings Channel reports. The institutional investor owned 143,152 shares of the company’s stock after buying an additional 136,479 shares during the period. Boston Private Wealth LLC’s holdings in EQT Corp. were worth $11,084,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in EQT. Fisher Asset Management LLC boosted its position in shares of EQT Corp. by 0.3% in the second quarter. Fisher Asset Management LLC now owns 3,258 shares of the company’s stock valued at $251,000 after buying an additional 10 shares in the last quarter. First Manhattan Co. raised its stake in EQT Corp. by 0.6% in the second quarter. First Manhattan Co. now owns 6,490 shares of the company’s stock valued at $502,000 after buying an additional 40 shares during the last quarter. Silvercrest Asset Management Group LLC raised its stake in EQT Corp. by 1.0% in the first quarter. Silvercrest Asset Management Group LLC now owns 7,493 shares of the company’s stock valued at $504,000 after buying an additional 75 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in EQT Corp. by 3.4% in the first quarter. Canada Pension Plan Investment Board now owns 3,014 shares of the company’s stock valued at $203,000 after buying an additional 100 shares during the last quarter. Finally, Conning Inc. raised its stake in EQT Corp. by 3.7% in the second quarter. Conning Inc. now owns 4,727 shares of the company’s stock valued at $366,000 after buying an additional 170 shares during the last quarter. Institutional investors own 87.74% of the company’s stock.

Institutional Ownership by Quarter for EQT Corp. (NYSE:EQT)

Shares of EQT Corp. (NYSE:EQT) traded up 0.72% during mid-day trading on Wednesday, reaching $66.08. 502,191 shares of the company’s stock were exchanged. EQT Corp. has a one year low of $47.10 and a one year high of $80.61. The company’s 50-day moving average price is $71.55 and its 200-day moving average price is $71.96. The company’s market capitalization is $11.42 billion.

EQT Corp. (NYSE:EQT) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.35) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.06. EQT Corp. had a negative net margin of 18.74% and a negative return on equity of 1.27%. The business had revenue of $127.53 million for the quarter, compared to analysts’ expectations of $461.53 million. During the same period last year, the business earned ($0.06) EPS. The company’s revenue was down 71.0% compared to the same quarter last year. On average, equities analysts expect that EQT Corp. will post ($0.64) earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Friday, November 11th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.18%. The ex-dividend date is Tuesday, November 8th. EQT Corp.’s dividend payout ratio is currently -5.66%.

Several equities research analysts recently commented on EQT shares. Stifel Nicolaus raised shares of EQT Corp. from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research note on Friday, August 26th. GMP Securities started coverage on shares of EQT Corp. in a research note on Wednesday, September 28th. They set a “buy” rating and a $92.00 price objective on the stock. Jefferies Group boosted their price objective on shares of EQT Corp. from $74.00 to $77.00 and gave the stock a “hold” rating in a research note on Friday, July 29th. Zacks Investment Research raised shares of EQT Corp. from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research note on Tuesday, July 5th. Finally, Barclays PLC boosted their price objective on shares of EQT Corp. from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, July 29th. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of C$77.50.

About EQT Corp.

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.

5 Day Chart for NYSE:EQT

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