Harvest Fund Management Co. Ltd Purchases 5,332 Shares of EQT Corporation (NYSE:EQT)

Harvest Fund Management Co. Ltd boosted its position in shares of EQT Corporation (NYSE:EQT) by 195.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,065 shares of the oil and gas producer’s stock after acquiring an additional 5,332 shares during the period. Harvest Fund Management Co. Ltd’s holdings in EQT were worth $431,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EQT. Teacher Retirement System of Texas bought a new position in EQT during the fourth quarter valued at about $244,000. Blair William & Co. IL boosted its holdings in EQT by 344.3% during the fourth quarter. Blair William & Co. IL now owns 25,423 shares of the oil and gas producer’s stock valued at $1,172,000 after purchasing an additional 19,701 shares in the last quarter. Orion Portfolio Solutions LLC boosted its holdings in EQT by 20.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 28,653 shares of the oil and gas producer’s stock valued at $1,321,000 after purchasing an additional 4,932 shares in the last quarter. California Public Employees Retirement System boosted its holdings in EQT by 17.0% during the fourth quarter. California Public Employees Retirement System now owns 896,146 shares of the oil and gas producer’s stock valued at $41,321,000 after purchasing an additional 129,917 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in EQT by 79.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 31,102 shares of the oil and gas producer’s stock valued at $1,434,000 after purchasing an additional 13,803 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors.

EQT Stock Up 0.8%

NYSE:EQT opened at $53.51 on Thursday. The stock’s fifty day moving average price is $56.20 and its two-hundred day moving average price is $53.15. EQT Corporation has a 52-week low of $30.02 and a 52-week high of $61.02. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market cap of $33.39 billion, a price-to-earnings ratio of 28.92, a P/E/G ratio of 0.36 and a beta of 0.65.

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

EQT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 6th will be issued a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.18%. The ex-dividend date is Wednesday, August 6th. EQT’s dividend payout ratio is 34.05%.

Analyst Ratings Changes

A number of research firms have weighed in on EQT. Royal Bank Of Canada lifted their price objective on EQT from $55.00 to $60.00 and gave the company a “sector perform” rating in a report on Tuesday, July 8th. Jefferies Financial Group reaffirmed a “buy” rating and set a $70.00 price objective (up from $60.00) on shares of EQT in a report on Tuesday, July 8th. UBS Group reaffirmed a “buy” rating on shares of EQT in a report on Monday, July 14th. Scotiabank reaffirmed a “sector perform” rating and set a $66.00 price objective (up from $62.00) on shares of EQT in a report on Friday, July 11th. Finally, Mizuho raised EQT to an “outperform” rating and set a $66.00 price objective on the stock in a report on Tuesday, July 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, EQT currently has a consensus rating of “Moderate Buy” and an average price target of $60.84.

Insider Transactions at EQT

In other EQT news, EVP Sarah Fenton sold 12,438 shares of the company’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $51.94, for a total transaction of $646,029.72. Following the completion of the sale, the executive vice president owned 13,297 shares in the company, valued at approximately $690,646.18. The trade was a 48.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.65% of the company’s stock.

EQT Company Profile

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.