Credit Agricole S A Has $8.99 Million Stock Holdings in EQT Corporation $EQT

Key Points

• Credit Agricole S A increased its stake in EQT Corporation by 8.3%, owning 168,159 shares worth approximately $8.99 million as of the latest SEC filing.
• The company will pay a quarterly dividend of $0.1575 on September 2nd, with a dividend yield of 1.2%.
• Analysts have raised price targets for EQT, with Barclays setting a new target of $68.00 and a majority rating it as a "buy".

Credit Agricole S A boosted its holdings in shares of EQT Corporation (NYSE:EQT - Free Report) by 8.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 168,159 shares of the oil and gas producer's stock after buying an additional 12,865 shares during the period. Credit Agricole S A's holdings in EQT were worth $8,985,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Zions Bancorporation National Association UT purchased a new position in EQT during the 1st quarter valued at about $35,000. Harbour Investments Inc. boosted its holdings in shares of EQT by 48.4% during the first quarter. Harbour Investments Inc. now owns 693 shares of the oil and gas producer's stock worth $37,000 after purchasing an additional 226 shares during the period. University of Texas Texas AM Investment Management Co. boosted its holdings in shares of EQT by 47.7% during the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer's stock worth $44,000 after purchasing an additional 310 shares during the period. Mascagni Wealth Management Inc. purchased a new position in EQT during the fourth quarter valued at approximately $55,000. Finally, Colonial Trust Co SC increased its stake in EQT by 255.5% in the 4th quarter. Colonial Trust Co SC now owns 1,422 shares of the oil and gas producer's stock valued at $66,000 after buying an additional 1,022 shares during the period. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EQT

In related news, EVP Sarah Fenton sold 12,438 shares of the firm's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $51.94, for a total value of $646,029.72. Following the transaction, the executive vice president directly owned 13,297 shares in the company, valued at approximately $690,646.18. This trade represents a 48.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Vicky A. Bailey sold 4,259 shares of EQT stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $51.56, for a total transaction of $219,594.04. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by corporate insiders.

EQT Price Performance

Shares of NYSE:EQT opened at $51.9810 on Friday. The stock has a market capitalization of $32.44 billion, a P/E ratio of 28.10, a P/E/G ratio of 0.37 and a beta of 0.59. The business has a 50-day moving average of $55.01 and a two-hundred day moving average of $53.13. EQT Corporation has a fifty-two week low of $31.45 and a fifty-two week high of $61.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.71 and a quick ratio of 0.71.

EQT (NYSE:EQT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The oil and gas producer reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.07). EQT had a net margin of 15.87% and a return on equity of 6.24%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the previous year, the business posted ($0.08) earnings per share. On average, equities research analysts predict that EQT Corporation will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 6th will be paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, August 6th. EQT's payout ratio is presently 34.05%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Barclays lifted their target price on shares of EQT from $65.00 to $68.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. UBS Group lifted their price objective on EQT from $64.00 to $65.00 and gave the company a "buy" rating in a research report on Wednesday. Wells Fargo & Company boosted their target price on EQT from $59.00 to $63.00 and gave the company an "overweight" rating in a research note on Monday, June 16th. Melius Research began coverage on EQT in a research note on Wednesday. They set a "buy" rating and a $64.00 price target for the company. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $70.00 price target (up from $60.00) on shares of EQT in a report on Tuesday, July 8th. Fifteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, EQT has an average rating of "Moderate Buy" and a consensus price target of $60.71.

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.

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