Canada Post Corp Registered Pension Plan Has $4.77 Million Stock Position in EQT Corporation $EQT

Canada Post Corp Registered Pension Plan boosted its stake in EQT Corporation (NYSE:EQT) by 131.7% in the third quarter, Holdings Channel reports. The firm owned 87,629 shares of the oil and gas producer’s stock after purchasing an additional 49,803 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in EQT were worth $4,772,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. lifted its holdings in shares of EQT by 8,000.9% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 153,431 shares of the oil and gas producer’s stock worth $8,351,000 after acquiring an additional 151,537 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in EQT by 116.4% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 534,485 shares of the oil and gas producer’s stock valued at $29,092,000 after purchasing an additional 287,538 shares in the last quarter. First American Bank bought a new stake in EQT during the third quarter worth $1,915,000. Whittier Trust Co. boosted its holdings in shares of EQT by 2.6% in the 2nd quarter. Whittier Trust Co. now owns 302,900 shares of the oil and gas producer’s stock valued at $17,662,000 after purchasing an additional 7,647 shares in the last quarter. Finally, Adams Natural Resources Fund Inc. increased its stake in shares of EQT by 97.1% in the 3rd quarter. Adams Natural Resources Fund Inc. now owns 220,500 shares of the oil and gas producer’s stock valued at $12,002,000 after purchasing an additional 108,600 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EQT has been the subject of several recent analyst reports. Wells Fargo & Company dropped their price objective on EQT from $68.00 to $66.00 and set an “overweight” rating for the company in a research report on Thursday, October 23rd. Scotiabank dropped their target price on shares of EQT from $67.00 to $63.00 and set a “sector perform” rating for the company in a report on Wednesday, January 21st. BMO Capital Markets reduced their price target on shares of EQT from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, January 12th. Sanford C. Bernstein upped their price objective on shares of EQT from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Monday, January 5th. Finally, Mizuho raised their target price on shares of EQT from $60.00 to $68.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Nineteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $63.77.

EQT Stock Up 2.8%

Shares of NYSE EQT opened at $56.87 on Friday. The company has a 50 day simple moving average of $54.83 and a 200 day simple moving average of $54.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.58 and a quick ratio of 0.58. EQT Corporation has a 1 year low of $43.57 and a 1 year high of $62.23. The firm has a market cap of $35.49 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 0.46 and a beta of 0.74.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, February 17th. EQT’s payout ratio is 22.60%.

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.