American Century Companies Inc Lowers stake in EQT Corporation (EQT)

EQT Corporation (EQT) : American Century Companies Inc reduced its stake in EQT Corporation by 0.18% during the most recent quarter end. The investment management company now holds a total of 6,447,045 shares of EQT Corporation which is valued at $473,728,867 after selling 11,501 shares in EQT Corporation , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.EQT Corporation makes up approximately 0.52% of American Century Companies Inc’s portfolio.

Other Hedge Funds, Including , Security National Trust Co reduced its stake in EQT by selling 200 shares or 25.0% in the most recent quarter. The Hedge Fund company now holds 600 shares of EQT which is valued at $45,036. EQT Corporation makes up approx 0.02% of Security National Trust Co’s portfolio.Ibm Retirement Fund boosted its stake in EQT in the latest quarter, The investment management firm added 2,462 additional shares and now holds a total of 20,409 shares of EQT Corporation which is valued at $1,531,900. EQT Corporation makes up approx 0.05% of Ibm Retirement Fund’s portfolio.Nisa Investment Advisors boosted its stake in EQT in the latest quarter, The investment management firm added 2,900 additional shares and now holds a total of 84,920 shares of EQT Corporation which is valued at $6,408,912. EQT Corporation makes up approx 0.08% of Nisa Investment Advisors’s portfolio.Chevy Chase Trust Holdings boosted its stake in EQT in the latest quarter, The investment management firm added 12,832 additional shares and now holds a total of 148,561 shares of EQT Corporation which is valued at $11,540,218. EQT Corporation makes up approx 0.06% of Chevy Chase Trust Holdings’s portfolio.

EQT Corporation closed down -1.05 points or -1.42% at $72.86 with 22,31,333 shares getting traded on Friday. Post opening the session at $73.4, the shares hit an intraday low of $72.44 and an intraday high of $73.43 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, EQT Corporation reported $-0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $-0.40. The company had revenue of $127.53 million for the quarter, compared to analysts expectations of $448.83 million. The company’s revenue was down -71.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.06 EPS.

Investors should note that on Jul 13, 2016, EQT Corporation announced a cash dividend of $0.0300. The company’s management has announced Aug 10, 2016 as the ex-dividend date and fixed the record date on Aug 12, 2016. The payable date has been fixed on Sep 1, 2016.

Many Wall Street Analysts have commented on EQT Corporation. Shares were Reiterated by Scotia Howard Weil on Jul 29, 2016 to “Sector Outperform” and Lowered the Price Target to $ 91 from a previous price target of $92 .

EQT Corporation (EQT) is an energy company. The Company operates in two business segments: EQT Production and EQT Midstream. EQT Production is a natural gas producer in the Appalachian Basin with approximately 10.7 trillion cubic feet equivalent (Tcfe) of proved natural gas natural gas liquids (NGLs) and crude oil reserves across approximately 3.4 million acres including around 630000 gross acres in the Marcellus play. Its proved reserves include Lower Huron Cleveland Berea sandstone and other Devonian age formations. EQT Midstream assets are located in the Marcellus Shale region spanning an area of southwestern Pennsylvania and northern West Virginia. EQT Midstream provides gathering transmission and storage services for its produced gas and for the independent third parties across the Appalachian Basin.

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