The New Price T Rowe Associates Inc Holding in Eqt Corp
Price T Rowe Associates Inc filed with the SEC SC 13G/A form for Eqt Corp. The form can be accessed here: 000008025516001346. As reported in Price T Rowe Associates Inc ’s form, the filler as of late owns 10.4% or 18,041,632 shares of the Utilities & Telecommunications–company.
Eqt Corp stake is a new one for the for this institutional investor and it was filed because of activity on October 31, 2016. We feel this shows Price T Rowe Associates Inc ’s positive view for the stock. For a institutional investor managing $689.00 billion in assets and having 2216+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.
Eqt Corp Institutional Sentiment
Latest Security and Exchange filings show 423 investors own Eqt Corp. The institutional ownership in Q3 2015 is very high, at 80.39% of the outstanding shares. This is increased by 12127509 the total institutional shares. 138890232 were the shares owned by these institutional investors. In total 55 funds opened new Eqt Corp stakes, 168 increased stakes. There were 53 that closed positions and 137 reduced them.
11 managers had the stock in their top Ten. Notable investors are: Caymus Capital Partners L.P., Quantum Capital Management, Birchview Capital Lp, Anchor Bolt Capital Lp, Nwq Investment Management Company Llc, Ascend Capital Llc, Chapter Iv Investors Llc, Grt Capital Partners L.L.C., Mitchell Group Inc, Cannell Peter B & Co Inc..
Hemenway Trust Company Llc is an institutional investor bullish on Eqt Corp, owning 3135 shares as of Q3 2015 for 0.06% of its portfolio. First Republic Investment Management Inc owns 4989 shares or less than 0.01% of its portfolio. MA Bollard Group Llc have 0.04% of their stock portfolio for 7082 shares. Further, Crestpoint Capital Management Llc reported stake worth 1.30% of its US stock portfolio. The MA Aureus Asset Management Llc owns 3500 shares. Eqt Corp is 0.06% of the manager’s US portfolio.
EQT Corporation (EQT) is an energy company. The Company operates through two business segments: 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. Its EQT Production segment conducts lateral horizontal and completion drilling in the Appalachian Basin. EQT Production’s properties are located in Pennsylvania, West Virginia, Kentucky and Virginia. EQT Midstream owns or operates approximately 8,250 miles of gathering lines and approximately 180 compressor units, as well as other general property and equipment.
SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.
Price T Rowe Associates Inc website.
Insitutional Activity: The institutional sentiment decreased to 1.61 in Q2 2016. Its down 0.07, from 1.68 in 2016Q1. The ratio worsened, 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.
Dnb Asset Management As owns 11,855 shares or 0% of their US portfolio. Bnp Paribas Inv Partners Sa owns 30,695 shares or 0.02% of their US portfolio. Renaissance Ltd Liability Co holds 435,400 shares or 0.06% of its portfolio. Ameritas Invest Partners holds 0.02% or 3,415 shares in its portfolio. The United Kingdom-based Pictet Asset Mngmt has invested 0.03% in EQT Corporation (NYSE:EQT). Nikko Asset Americas accumulated 1.24% or 169,264 shares. Guardian Tru holds 0% of its portfolio in EQT Corporation (NYSE:EQT) for 2,584 shares. Wedge Cap Management L Lp Nc holds 0.89% of its portfolio in EQT Corporation (NYSE:EQT) for 1.11M shares. Private Advisor Group Inc Lc last reported 0.01% of its portfolio in the stock. Schooner Gru Ltd Limited Liability Company last reported 2,000 shares in the company. Tiger Eye Capital Llc last reported 167,633 shares in the company. Fifth Third Comml Bank reported 1,473 shares or 0% of all its holdings. Swiss Comml Bank has 658,336 shares for 0.08% of their US portfolio. Proshare Advisors Lc has 0.03% invested in the company for 29,792 shares. The Massachusetts-based Boston Prns has invested 0.77% in EQT Corporation (NYSE:EQT).
Insider Transactions: Since June 30, 2016, the stock had 2 buys, and 1 sale for $340,405 net activity. Shares for $22,730 were bought by Cary A. Bray Jr.. Shares for $384,583 were sold by CRAWFORD RANDALL L on Thursday, June 30.
The stock increased 0.08% or $0.05 on November 10, hitting $65.76. About 909,601 shares traded hands. EQT Corporation (NYSE:EQT) has declined 2.19% since April 8, 2016 and is downtrending. It has underperformed by 7.84% the S&P500.
EQT Corporation is an energy company. The company has a market cap of $11.67 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.
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. $101 is the highest target while $60 is the lowest. The $81.57 average target is 24.04% above today’s ($65.76) stock price. EQT Corporation has been the topic of 35 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained the shares of EQT in a report on Wednesday, December 9 with “Buy” rating. The company was upgraded on Friday, August 14 by Global Hunter Securities. The firm has “Overweight” rating by Morgan Stanley given on Monday, October 26. Deutsche Bank maintained the stock with “Buy” rating in Monday, September 28 report. The firm has “Outperform” rating by Credit Suisse given on Monday, October 24. Seaport Global downgraded the stock to “Accumulate” rating in Wednesday, January 13 report. On Tuesday, November 17 the stock rating was initiated by Goldman Sachs with “Neutral”. Deutsche Bank downgraded EQT Corporation (NYSE:EQT) on Tuesday, June 14 to “Hold” rating. Stifel Nicolaus upgraded the stock to “Buy” rating in Friday, August 26 report. The firm has “Overweight” rating by JP Morgan given on Wednesday, December 9.
More important recent EQT Corporation (NYSE:EQT) news were published by: Seekingalpha.com which released: “EQT Corporation: Consolidating Marcellus Properties” on October 26, 2016, also Zacks.com published article titled: “Is a Surprise Coming for EQT Corporation (EQT) This Earnings Season?”, 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) was released by: Streetinsider.com and their article: “EQT Corp. (EQT) to Acquire Additional Marcellus Acreage” with publication date: October 25, 2016.
According to Zacks Investment Research, “EQT Corporation, formerly Equitable Resources, Inc., is an integrated energy company engaged on Appalachian area natural gas activities, including production, gathering and processing, and distribution, transmission, storage and marketing. EQT Corporation, its divisions and its subsidiaries, offer energy products and services to wholesale and retail customers through two business segments: Equitable Supply and Equitable Utilities. The Equitable Supply segment develops, produces, and sells natural gas, crude oil, and natural gas liquids. It also gathers gas produced by the company and third parties, as well as engages in the processing of natural gas liquids. The Equitable Utilities segment engages in the gathering, transportation, storage, distribution, and sale of natural gas, as well as in the pipeline and storage operations. The company is headquartered in Pittsburgh, Pennsylvania.”
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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