South Dakota Investment Council boosted its position in shares of EQT Co. (NYSE:EQT) by 791.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,810 shares of the oil and gas producer’s stock after acquiring an additional 45,110 shares during the period. South Dakota Investment Council’s holdings in EQT were worth $1,054,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EQT. State of Alaska Department of Revenue raised its position in shares of EQT by 1.9% during the first quarter. State of Alaska Department of Revenue now owns 27,406 shares of the oil and gas producer’s stock valued at $568,000 after buying an additional 505 shares during the last quarter. LMR Partners LLP raised its position in shares of EQT by 3.4% during the fourth quarter. LMR Partners LLP now owns 17,245 shares of the oil and gas producer’s stock valued at $326,000 after buying an additional 563 shares during the last quarter. Keeley Teton Advisors LLC raised its position in shares of EQT by 1.2% during the fourth quarter. Keeley Teton Advisors LLC now owns 52,582 shares of the oil and gas producer’s stock valued at $993,000 after buying an additional 645 shares during the last quarter. Eaton Vance Management raised its position in shares of EQT by 0.3% during the fourth quarter. Eaton Vance Management now owns 196,459 shares of the oil and gas producer’s stock valued at $3,711,000 after buying an additional 677 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of EQT by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 68,200 shares of the oil and gas producer’s stock valued at $1,414,000 after buying an additional 700 shares during the last quarter. Institutional investors own 96.49% of the company’s stock.

Shares of EQT opened at $21.06 on Wednesday. The firm has a market cap of $5.33 billion, a PE ratio of 12.39, a P/E/G ratio of 1.46 and a beta of 0.70. EQT Co. has a 12-month low of $16.29 and a 12-month high of $31.28. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.39.

EQT (NYSE:EQT) last issued its earnings results on Thursday, April 25th. The oil and gas producer reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.11. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.17 billion. EQT had a negative net margin of 10.17% and a positive return on equity of 4.51%. The business’s revenue was down 12.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 earnings per share. Analysts predict that EQT Co. will post 1.42 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Tuesday, May 14th. EQT’s dividend payout ratio is currently 7.06%.

Several equities research analysts have recently issued reports on the stock. TD Securities lifted their price objective on shares of EQT from $23.00 to $25.00 and gave the company a “hold” rating in a research report on Monday, April 29th. Jefferies Financial Group reiterated a “hold” rating and set a $21.00 price objective on shares of EQT in a research report on Tuesday, January 29th. MKM Partners reiterated a “neutral” rating and set a $23.00 price objective on shares of EQT in a research report on Tuesday, April 16th. Credit Suisse Group reissued a “buy” rating and issued a $24.00 target price on shares of EQT in a report on Tuesday, January 22nd. Finally, Morgan Stanley set a $10.00 target price on shares of EQT and gave the company a “sell” rating in a report on Tuesday, January 29th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $37.33.

In other news, CEO Robert Joseph Mcnally acquired 1,496 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was purchased at an average cost of $19.10 per share, for a total transaction of $28,573.60. Following the completion of the acquisition, the chief executive officer now directly owns 180,245 shares of the company’s stock, valued at approximately $3,442,679.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Jonathan M. Lushko acquired 7,903 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was purchased at an average price of $19.04 per share, with a total value of $150,473.12. The disclosure for this purchase can be found here. Insiders have bought 59,459 shares of company stock valued at $1,177,466 over the last three months. Insiders own 0.68% of the company’s stock.

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About EQT

EQT Corporation operates as a natural gas production company in the United States. It produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2018, this segment had 21.8 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 1.4 million gross acres.

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Institutional Ownership by Quarter for EQT (NYSE:EQT)

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