Cerity Partners LLC Raises Position in EQT Corporation (NYSE:EQT)

Cerity Partners LLC increased its holdings in shares of EQT Corporation (NYSE:EQT - Free Report) by 85.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 64,224 shares of the oil and gas producer's stock after purchasing an additional 29,685 shares during the period. Cerity Partners LLC's holdings in EQT were worth $3,432,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its position in EQT by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 72,530,286 shares of the oil and gas producer's stock worth $3,344,371,000 after acquiring an additional 358,649 shares during the last quarter. Geode Capital Management LLC lifted its position in EQT by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 14,427,307 shares of the oil and gas producer's stock worth $663,552,000 after acquiring an additional 429,733 shares during the last quarter. Capital International Investors lifted its position in EQT by 21.3% during the fourth quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer's stock worth $638,867,000 after acquiring an additional 2,433,632 shares during the last quarter. Clearbridge Investments LLC lifted its position in EQT by 14.7% during the fourth quarter. Clearbridge Investments LLC now owns 13,829,938 shares of the oil and gas producer's stock worth $637,698,000 after acquiring an additional 1,774,696 shares during the last quarter. Finally, Invesco Ltd. lifted its position in EQT by 46.3% during the fourth quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer's stock worth $606,059,000 after acquiring an additional 4,162,065 shares during the last quarter. Institutional investors own 90.81% of the company's stock.

EQT Stock Up 0.8%

EQT stock traded up $0.45 during trading on Friday, reaching $59.20. The stock had a trading volume of 6,066,929 shares, compared to its average volume of 7,822,772. EQT Corporation has a one year low of $30.02 and a one year high of $61.02. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.33. The company's 50 day moving average is $56.63 and its two-hundred day moving average is $52.91. The company has a market capitalization of $35.45 billion, a price-to-earnings ratio of 103.86, a P/E/G ratio of 0.38 and a beta of 0.65.

EQT (NYSE:EQT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.20. EQT had a net margin of 6.59% and a return on equity of 5.52%. The company had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.16 billion. Equities research analysts forecast that EQT Corporation will post 3.27 EPS for the current year.

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 6th will be paid a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.06%. The ex-dividend date is Wednesday, August 6th. EQT's dividend payout ratio is presently 110.53%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. UBS Group reiterated a "buy" rating on shares of EQT in a research report on Monday, July 14th. Barclays initiated coverage on shares of EQT in a research report on Monday, July 7th. They set an "overweight" rating and a $65.00 price objective for the company. TD Cowen upgraded shares of EQT from a "hold" rating to a "buy" rating and set a $54.00 price objective for the company in a research report on Tuesday, April 8th. Scotiabank restated a "sector perform" rating and set a $66.00 price objective (up from $62.00) on shares of EQT in a research report on Friday, July 11th. Finally, Roth Capital initiated coverage on shares of EQT in a research report on Tuesday, June 24th. They set a "buy" rating and a $69.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $60.63.

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.