Hudson Valley Investment Advisors Inc. ADV continued to hold its position in EQT Co. (NYSE:EQT) during the first quarter, Holdings Channel reports. The firm owned 3,750 shares of the oil and gas producer’s stock at the end of the first quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in EQT were worth $229,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in EQT. Canada Pension Plan Investment Board increased its stake in EQT by 193.8% in the third quarter. Canada Pension Plan Investment Board now owns 1,510 shares of the oil and gas producer’s stock valued at $110,000 after buying an additional 996 shares during the last quarter. Mercer Capital Advisers Inc. bought a new stake in EQT during the third quarter valued at approximately $122,000. Virtus Investment Advisers Inc. bought a new stake in EQT during the third quarter valued at approximately $185,000. Arthur Zaske & Associates LLC bought a new stake in EQT during the third quarter valued at approximately $256,000. Finally, CSS LLC IL increased its stake in EQT by 19.4% in the third quarter. CSS LLC IL now owns 3,700 shares of the oil and gas producer’s stock valued at $269,000 after buying an additional 600 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.
EQT Co. (NYSE:EQT) traded down 0.66% on Friday, reaching $62.85. 1,505,185 shares of the company were exchanged. EQT Co. has a 52 week low of $56.33 and a 52 week high of $80.61. The stock has a 50-day moving average price of $60.12 and a 200 day moving average price of $64.60. The stock’s market capitalization is $10.86 billion.
EQT (NYSE:EQT) last announced its quarterly earnings data on Thursday, February 2nd. The oil and gas producer reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.35. EQT had a negative net margin of 28.16% and a negative return on equity of 0.53%. The firm earned $379.02 million during the quarter, compared to analysts’ expectations of $578.01 million. During the same quarter last year, the business earned ($0.07) earnings per share. The business’s revenue for the quarter was down 37.0% compared to the same quarter last year. Analysts forecast that EQT Co. will post $1.08 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Friday, May 12th will be paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.19%. The ex-dividend date is Wednesday, May 10th. EQT’s dividend payout ratio (DPR) is -4.49%.
Several equities research analysts have recently commented on EQT shares. Jefferies Group LLC reiterated a “hold” rating and set a $70.00 price objective on shares of EQT in a research note on Wednesday, January 18th. Zacks Investment Research downgraded shares of EQT from a “buy” rating to a “hold” rating in a research note on Thursday, February 9th. Scotiabank reiterated a “hold” rating and set a $85.00 price objective on shares of EQT in a research note on Monday, February 6th. BMO Capital Markets downgraded shares of EQT from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $75.00 to $73.00 in a research note on Wednesday, January 11th. Finally, TheStreet downgraded shares of EQT from a “c-” rating to a “d+” rating in a research note on Thursday, March 23rd. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. EQT currently has an average rating of “Buy” and an average price target of $80.64.
In other EQT news, Director A. Bray Jr. Cary bought 421 shares of the business’s stock in a transaction on Monday, April 3rd. The stock was bought at an average price of $61.10 per share, for a total transaction of $25,723.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider M Elise Hyland sold 3,479 shares of EQT stock in a transaction dated Friday, March 31st. The stock was sold at an average price of $60.56, for a total transaction of $210,688.24. Following the transaction, the insider now owns 15,941 shares of the company’s stock, valued at approximately $965,386.96. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.
EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.
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).
Receive News & Ratings for EQT Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT Co. and related companies with MarketBeat.com's FREE daily email newsletter.