EQT Corporation (NYSE:EQT) is expected to pay $0.03 on Dec 1, 2016. The indicated annual dividend is $0.12. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on EQT Corporation’s current price of $63.34, the dividend is 0.05%. This dividend’s record date is Nov 11, 2016 and the announcement date is Oct 12, 2016. The stock decreased 0.66% or $0.42 on November 4, hitting $63.34. EQT Corporation (NYSE:EQT) has declined 1.69% since April 5, 2016 and is downtrending. It has underperformed by 3.65% the S&P500.
EQT Corporation is an energy company. The company has a market cap of $10.79 billion. The Firm operates through two business divisions: EQT Production and EQT Midstream. It currently has negative earnings. EQT Production is a natural gas producer in the Appalachian Basin with over 10 trillion cubic feet equivalent (Tcfe) of natural gas, natural gas liquid (NGL) and crude oil reserves across approximately 3.4 million acres, including approximately 630,000 gross acres in the Marcellus play.
Insitutional Activity: The institutional sentiment decreased to 1.61 in Q2 2016. Its down 0.07, from 1.68 in 2016Q1. The ratio dropped, as 40 funds sold all EQT Corporation shares owned while 112 reduced positions. 71 funds bought stakes while 174 increased positions. They now own 151.43 million shares or 9.04% more from 138.88 million shares in 2016Q1.
Glenmede Na holds 19,087 shares or 0.01% of its portfolio. First Republic Invest Incorporated has 5,925 shares for 0% of their US portfolio. Bryn Mawr Tru Company holds 0.17% or 35,526 shares in its portfolio. Alliancebernstein Lp has 0.02% invested in the company for 301,619 shares. Grt Capital Limited Liability holds 3% or 155,831 shares in its portfolio. Schooner Invest Gp Llc holds 0.39% or 2,000 shares in its portfolio. Neuberger Berman Grp Limited Company reported 38,307 shares or 0% of all its holdings. Sei Invests has 0.07% invested in the company for 150,662 shares. Raymond James Na last reported 0.06% of its portfolio in the stock. Hightower Advsr Ltd Com holds 8,091 shares or 0.01% of its portfolio. Talara Mngmt Limited Liability Company has 5.2% invested in the company for 151,471 shares. Orrstown Services last reported 49 shares in the company. Bridgewater Associate L P has 53,686 shares for 0.05% of their US portfolio. Integral Derivatives Limited Com has 8,300 shares for 0.02% of their US portfolio. Moreover, Davidson Garrard has 0.44% invested in EQT Corporation (NYSE:EQT) for 22,805 shares.
Insider Transactions: Since June 30, 2016, the stock had 2 insider purchases, and 1 insider sale for $340,405 net activity. $384,583 worth of EQT Corporation (NYSE:EQT) was sold by CRAWFORD RANDALL L on Thursday, June 30. 313 EQT Corporation (NYSE:EQT) shares with value of $22,730 were bought by Cary A. Bray Jr..
EQT Corporation (NYSE:EQT) Ratings Coverage
Out of 17 analysts covering EQT Corporation (NYSE:EQT), 9 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 53% are positive. EQT Corporation has been the topic of 35 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Thursday, October 13 the stock rating was downgraded by Tudor Pickering to “Hold”. Goldman Sachs initiated the shares of EQT in a report on Tuesday, November 17 with “Neutral” rating. The firm has “Buy” rating given on Friday, August 14 by Global Hunter Securities. The rating was initiated by JP Morgan on Wednesday, December 9 with “Overweight”. On Thursday, February 25 the stock rating was downgraded by Suntrust Robinson to “Neutral”. Morgan Stanley upgraded the shares of EQT in a report on Monday, October 26 to “Overweight” rating. The company was upgraded on Friday, October 23 by KLR Group. Citigroup upgraded the shares of EQT in a report on Friday, October 28 to “Buy” rating. SunTrust downgraded the shares of EQT in a report on Thursday, February 25 to “Neutral” rating. GMP Securities initiated EQT Corporation (NYSE:EQT) on Wednesday, February 3 with “Buy” rating.
More notable recent EQT Corporation (NYSE:EQT) news were published by: Seekingalpha.com which released: “EQT Corporation: Consolidating Marcellus Properties” on October 26, 2016, also Streetinsider.com with their article: “EQT Corp. (EQT) to Acquire Additional Marcellus Acreage” published on October 25, 2016, Businesswire.com published: “EQT Corporation Sells Transmission, Storage and Gathering Assets to EQT …” on October 13, 2016. More interesting news about EQT Corporation (NYSE:EQT) were released by: Streetinsider.com and their article: “EQT Corp. (EQT) Tops Q3 EPS by 15c; Announces CEO Succession” published on October 27, 2016 as well as Finance.Yahoo.com‘s news article titled: “EQT Corp Drops Down Assets Worth $275M to its Partnership” with publication date: October 14, 2016.
EQT Company Profile
EQT Corporation (EQT), incorporated on June 10, 2008, is an energy company. The Firm operates through two business divisions: EQT Production and EQT Midstream. EQT Production is a natural gas producer in the Appalachian Basin with over 10 trillion cubic feet equivalent (Tcfe) of natural gas, natural gas liquid (NGL) and crude oil reserves across approximately 3.4 million acres, including approximately 630,000 gross acres in the Marcellus play. EQT Midstream provides gathering, transmission and storage services for the Company’s produced gas and for the independent third parties across the Appalachian Basin.
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