BRYN MAWR TRUST Co decreased its holdings in shares of EQT Co. (NYSE:EQT) by 92.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,102 shares of the oil and gas producer’s stock after selling 59,541 shares during the quarter. BRYN MAWR TRUST Co’s holdings in EQT were worth $225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of EQT. Virtus Alternative Investment Advisers Inc. bought a new stake in EQT during the 3rd quarter valued at $133,000. Cerebellum GP LLC raised its holdings in EQT by 71.4% during the 3rd quarter. Cerebellum GP LLC now owns 3,488 shares of the oil and gas producer’s stock valued at $154,000 after acquiring an additional 1,453 shares during the period. MML Investors Services LLC bought a new stake in EQT during the 3rd quarter valued at $218,000. Segall Bryant & Hamill LLC bought a new stake in EQT during the 2nd quarter valued at $222,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in EQT during the 2nd quarter valued at $223,000. 96.49% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Erin R. Centofanti purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 21st. The shares were purchased at an average price of $17.52 per share, with a total value of $175,200.00. Following the completion of the acquisition, the executive vice president now owns 29,471 shares in the company, valued at approximately $516,331.92. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Robert Joseph Mcnally purchased 2,829 shares of the firm’s stock in a transaction dated Friday, November 2nd. The stock was purchased at an average cost of $32.93 per share, for a total transaction of $93,158.97. Following the acquisition, the chief financial officer now owns 47,715 shares of the company’s stock, valued at approximately $1,571,254.95. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 94,269 shares of company stock worth $2,311,332. Insiders own 0.68% of the company’s stock.
EQT stock opened at $18.87 on Wednesday. The firm has a market capitalization of $4.81 billion, a PE ratio of 7.38, a PEG ratio of 0.50 and a beta of 0.92. EQT Co. has a fifty-two week low of $16.29 and a fifty-two week high of $59.66. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.48.
EQT (NYSE:EQT) last released its quarterly earnings results on Thursday, October 25th. The oil and gas producer reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.11 billion. EQT had a negative net margin of 6.86% and a positive return on equity of 3.77%. During the same quarter in the prior year, the firm posted $0.12 earnings per share. As a group, sell-side analysts anticipate that EQT Co. will post 2.5 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Wednesday, November 21st were issued a $0.03 dividend. The ex-dividend date was Tuesday, November 20th. This represents a $0.12 annualized dividend and a dividend yield of 0.64%. EQT’s payout ratio is currently 8.16%.
EQT Corporation, together with its subsidiaries, operates in natural gas industry in the United States. Its EQT Production segment produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2017, this segment operated 21.4 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 4.0 million gross acres comprising approximately 1.1 million gross acres.
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