Czech National Bank Purchases 332 Shares of EQT Co. (NYSE:EQT)

Czech National Bank boosted its position in shares of EQT Co. (NYSE:EQT) by 0.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 72,374 shares of the oil and gas producer’s stock after purchasing an additional 332 shares during the period. Czech National Bank’s holdings in EQT were worth $2,683,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in shares of EQT by 61.9% in the third quarter. Wellington Management Group LLP now owns 19,687,594 shares of the oil and gas producer’s stock worth $798,923,000 after acquiring an additional 7,526,875 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of EQT by 8.6% in the third quarter. Vanguard Group Inc. now owns 44,899,640 shares of the oil and gas producer’s stock worth $1,822,027,000 after acquiring an additional 3,539,661 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of EQT by 6.4% in the fourth 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 during the last quarter. Boston Partners raised its stake in shares of EQT by 4,680.4% in the fourth 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 during the last quarter. Finally, Third Point LLC bought a new position in shares of EQT in the fourth quarter worth about $75,387,000. 90.81% of the stock is owned by institutional investors.

EQT Stock Down 2.1 %

Shares of NYSE EQT opened at $36.97 on Friday. The stock has a market cap of $16.33 billion, a P/E ratio of 26.79 and a beta of 1.06. The firm has a 50 day moving average price of $39.72 and a 200 day moving average price of $37.61. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.88. EQT Co. has a 52-week low of $32.07 and a 52-week high of $45.23.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, April 23rd. The oil and gas producer reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.58 billion. EQT had a net margin of 10.96% and a return on equity of 4.57%. The business’s revenue for the quarter was down 28.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.70 earnings per share. Analysts expect that EQT Co. will post 1.03 EPS for the current year.

EQT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Wednesday, May 8th were issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Tuesday, May 7th. EQT’s dividend payout ratio (DPR) is presently 45.65%.

Wall Street Analysts Forecast Growth

EQT has been the subject of a number of research analyst reports. Wells Fargo & Company downgraded shares of EQT from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $48.00 to $37.00 in a research note on Wednesday, April 17th. BMO Capital Markets lifted their price target on shares of EQT from $40.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, May 13th. The Goldman Sachs Group lowered their price target on shares of EQT from $48.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, April 2nd. TD Cowen assumed coverage on shares of EQT in a research report on Friday, April 19th. They set a “hold” rating and a $43.00 price target for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $46.00 price target on shares of EQT in a research report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $45.24.

Insider Activity

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

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.