Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp trimmed its stake in EQT Co. (NYSE:EQT) by 52.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,081 shares of the oil and gas producer’s stock after selling 21,900 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in EQT were worth $1,108,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EQT. Xact Kapitalforvaltning AB increased its position in EQT by 3.3% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 28,774 shares of the oil and gas producer’s stock valued at $1,588,000 after buying an additional 919 shares in the last quarter. OLD National Bancorp IN increased its position in EQT by 17.5% during the 2nd quarter. OLD National Bancorp IN now owns 6,472 shares of the oil and gas producer’s stock valued at $357,000 after buying an additional 966 shares in the last quarter. Flinton Capital Management LLC increased its position in EQT by 9.0% during the 1st quarter. Flinton Capital Management LLC now owns 12,180 shares of the oil and gas producer’s stock valued at $579,000 after buying an additional 1,008 shares in the last quarter. Securian Asset Management Inc increased its position in EQT by 4.2% during the 2nd quarter. Securian Asset Management Inc now owns 25,390 shares of the oil and gas producer’s stock valued at $1,401,000 after buying an additional 1,025 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its position in EQT by 3.6% during the 2nd quarter. Mutual of America Capital Management LLC now owns 32,521 shares of the oil and gas producer’s stock valued at $1,795,000 after buying an additional 1,137 shares in the last quarter. 92.43% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Kenneth Michael Burke purchased 5,000 shares of the company’s stock in a transaction on Thursday, August 9th. The shares were acquired at an average price of $50.20 per share, for a total transaction of $251,000.00. Following the purchase, the director now owns 5,000 shares in the company, valued at $251,000. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.68% of the stock is currently owned by insiders.

EQT stock opened at $48.49 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.47. The stock has a market cap of $12.56 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 1.43 and a beta of 0.60. EQT Co. has a fifty-two week low of $43.70 and a fifty-two week high of $66.03.

EQT (NYSE:EQT) last posted its quarterly earnings results on Thursday, July 26th. The oil and gas producer reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.07. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.13 billion. EQT had a positive return on equity of 3.73% and a negative net margin of 6.19%. The company’s quarterly revenue was up 53.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 EPS. research analysts forecast that EQT Co. will post 2.22 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Saturday, September 1st. Shareholders of record on Friday, August 10th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, August 9th. This represents a $0.12 annualized dividend and a yield of 0.25%. EQT’s payout ratio is presently 8.16%.

Several research analysts recently issued reports on the company. Goldman Sachs Group assumed coverage on EQT in a research report on Monday. They set a “neutral” rating and a $54.00 target price on the stock. ValuEngine lowered EQT from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 4th. Royal Bank of Canada set a $74.00 target price on EQT and gave the company a “buy” rating in a research report on Thursday, July 19th. Jefferies Financial Group set a $52.00 target price on EQT and gave the company a “hold” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. set a $70.00 target price on EQT and gave the company a “buy” rating in a research report on Wednesday, June 13th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. EQT has a consensus rating of “Hold” and a consensus target price of $68.20.

EQT Profile

EQT Corporation, together with its subsidiaries, operates in natural gas industry in the United States. Its EQT Production segment produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2017, this segment operated 21.4 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 4.0 million gross acres comprising approximately 1.1 million gross acres.

Featured Article: Market Capitalization – What it Means for Investors

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).

Institutional Ownership by Quarter for EQT (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.