American International Group Inc. Raises Holdings in EQT Co. (EQT)
American International Group Inc. grew its holdings in shares of EQT Co. (NYSE:EQT) by 49.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 95,023 shares of the oil and gas producer’s stock after purchasing an additional 31,443 shares during the period. American International Group Inc.’s holdings in EQT were worth $5,409,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in EQT. Share Andrew L. bought a new position in shares of EQT during the fourth quarter worth about $580,007,000. BlackRock Inc. grew its position in shares of EQT by 29.7% during the fourth quarter. BlackRock Inc. now owns 18,616,806 shares of the oil and gas producer’s stock worth $1,059,671,000 after acquiring an additional 4,265,536 shares during the last quarter. Wedge Capital Management L L P NC grew its position in shares of EQT by 27.6% during the fourth quarter. Wedge Capital Management L L P NC now owns 3,797,012 shares of the oil and gas producer’s stock worth $216,126,000 after acquiring an additional 820,493 shares during the last quarter. Toronto Dominion Bank grew its position in shares of EQT by 1,080.2% during the fourth quarter. Toronto Dominion Bank now owns 775,927 shares of the oil and gas producer’s stock worth $44,166,000 after acquiring an additional 710,182 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of EQT by 34.3% during the fourth quarter. Bank of New York Mellon Corp now owns 2,010,488 shares of the oil and gas producer’s stock worth $114,437,000 after acquiring an additional 513,377 shares during the last quarter.
Several equities analysts have recently commented on EQT shares. BMO Capital Markets restated a “buy” rating and set a $75.00 price target on shares of EQT in a research report on Tuesday, November 14th. SunTrust Banks restated a “hold” rating and set a $65.00 price target on shares of EQT in a research report on Friday, December 8th. Credit Suisse Group started coverage on shares of EQT in a research report on Monday, December 11th. They set an “outperform” rating and a $70.00 price target for the company. Morgan Stanley restated an “equal weight” rating and set a $64.00 price target on shares of EQT in a research report on Thursday, December 14th. Finally, Jefferies Group set a $62.00 price target on shares of EQT and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $77.38.
EQT (NYSE:EQT) last announced its earnings results on Thursday, February 15th. The oil and gas producer reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.54. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $909.42 million. EQT had a net margin of 44.66% and a return on equity of 2.35%. EQT’s revenue was up 197.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. equities analysts forecast that EQT Co. will post 1.72 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Wednesday, February 14th were given a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.12 dividend on an annualized basis and a yield of 0.24%. EQT’s dividend payout ratio is presently 1.68%.
EQT Company Profile
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT and related companies with MarketBeat.com's FREE daily email newsletter.