Cannell Peter B Co Inc buys $53,793,045 stake in EQT Corporation (EQT)

EQT Corporation (EQT) : Cannell Peter B Co Inc scooped up 6,806 additional shares in EQT Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 797,998 shares of EQT Corporation which is valued at $53,793,045.EQT Corporation makes up approximately 1.94% of Cannell Peter B Co Inc’s portfolio.

Other Hedge Funds, Including , Rodgers Brothers reduced its stake in EQT by selling 348 shares or 8.48% in the most recent quarter. The Hedge Fund company now holds 3,758 shares of EQT which is valued at $253,327. EQT Corporation makes up approx 0.10% of Rodgers Brothers’s portfolio.Cleararc Capital Inc boosted its stake in EQT in the latest quarter, The investment management firm added 32 additional shares and now holds a total of 4,232 shares of EQT Corporation which is valued at $278,296. EQT Corporation makes up approx 0.05% of Cleararc Capital Inc’s portfolio.Advisor Group reduced its stake in EQT by selling 103 shares or 1.7% in the most recent quarter. The Hedge Fund company now holds 5,970 shares of EQT which is valued at $392,289. EQT Corporation makes up approx 0.01% of Advisor Group’s portfolio.Thompson Davis reduced its stake in EQT by selling 250 shares or 94.7% in the most recent quarter. The Hedge Fund company now holds 14 shares of EQT which is valued at $921. Emerald Advisers Incpa added EQT to its portfolio by purchasing 33,840 company shares during the most recent quarter which is valued at $2,233,778. EQT Corporation makes up approx 0.11% of Emerald Advisers Incpa’s portfolio.

EQT Corporation opened for trading at $67.2 and hit $68.4 on the upside on Monday, eventually ending the session at $67.14, with a gain of 0.36% or 0.24 points. The heightened volatility saw the trading volume jump to 13,04,441 shares. Company has a market cap of $11,599 M.

On the company’s financial health, EQT Corporation reported $-0.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $-0.41. The company had revenue of $556.73 million for the quarter, compared to analysts expectations of $468.72 million. The company’s revenue was down -4.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.33 EPS.

Many Wall Street Analysts have commented on EQT Corporation. EQT Corporation was Upgraded by Citigroup to ” Buy” on Oct 28, 2016. Credit Suisse Initiated EQT Corporation on Oct 24, 2016 to “Outperform”, Price Target of the shares are set at $86.EQT Corporation was Downgraded by Tudor Pickering to ” Hold” on Oct 13, 2016.

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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