Fielder Capital Group LLC Makes New Investment in EQT Corporation $EQT

Fielder Capital Group LLC bought a new stake in EQT Corporation (NYSE:EQT - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 91,163 shares of the oil and gas producer's stock, valued at approximately $4,847,000. EQT accounts for about 1.0% of Fielder Capital Group LLC's holdings, making the stock its 26th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new stake in EQT in the second quarter worth about $512,148,000. Reaves W H & Co. Inc. lifted its position in EQT by 12.9% during the 4th quarter. Reaves W H & Co. Inc. now owns 1,161,975 shares of the oil and gas producer's stock valued at $62,282,000 after purchasing an additional 132,741 shares during the period. Whittier Trust Co. lifted its position in EQT by 9.6% during the 1st quarter. Whittier Trust Co. now owns 643,321 shares of the oil and gas producer's stock valued at $38,857,000 after purchasing an additional 56,149 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of EQT by 9.1% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 583,072 shares of the oil and gas producer's stock valued at $31,253,000 after purchasing an additional 48,587 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of EQT by 5.6% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 302,193 shares of the oil and gas producer's stock valued at $18,252,000 after purchasing an additional 16,051 shares during the last quarter. Institutional investors own 90.81% of the company's stock.

EQT Stock Performance

EQT opened at $54.44 on Monday. The business's 50-day moving average price is $51.87 and its two-hundred day moving average price is $56.54. EQT Corporation has a 1 year low of $47.94 and a 1 year high of $68.24. The company has a market capitalization of $34.05 billion, a price-to-earnings ratio of 12.63 and a beta of 0.58. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.67 and a quick ratio of 0.67.

EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The oil and gas producer reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.76 billion. EQT had a return on equity of 9.31% and a net margin of 28.44%.The firm's quarterly revenue was down 29.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 earnings per share. Equities analysts expect that EQT Corporation will post 4.06 EPS for the current fiscal year.

EQT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 5th will be paid a $0.165 dividend. The ex-dividend date is Wednesday, August 5th. This represents a $0.66 annualized dividend and a yield of 1.2%. EQT's payout ratio is presently 15.31%.

Analysts Set New Price Targets

A number of research firms recently weighed in on EQT. UBS Group dropped their price target on shares of EQT from $74.00 to $73.00 and set a "buy" rating for the company in a research note on Wednesday, July 8th. Capital One Financial raised their price objective on shares of EQT from $64.00 to $68.00 and gave the company an "overweight" rating in a research note on Tuesday, April 28th. Weiss Ratings lowered shares of EQT from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, July 30th. The Goldman Sachs Group dropped their target price on shares of EQT from $65.00 to $63.00 and set a "buy" rating for the company in a research report on Tuesday, June 30th. Finally, Stephens increased their price target on EQT from $71.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $68.08.

Insiders Place Their Bets

In other EQT news, CEO Toby Z. Rice sold 96,983 shares of the company's stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $54.28, for a total transaction of $5,264,237.24. Following the completion of the transaction, the chief executive officer owned 2,334,924 shares of the company's stock, valued at $126,739,674.72. This represents a 3.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.72% of the stock is currently owned by company insiders.

EQT Profile

EQT Corporation NYSE: EQT is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT's primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.

In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.

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