EQT (NYSE:EQT) CAO Todd James Sells 32,514 Shares of Stock

EQT Corporation (NYSE:EQT) CAO Todd James sold 32,514 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $61.12, for a total transaction of $1,987,255.68. Following the transaction, the chief accounting officer owned 58,796 shares in the company, valued at approximately $3,593,611.52. This trade represents a 35.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

EQT Price Performance

Shares of NYSE EQT traded up $0.32 during trading on Thursday, reaching $59.70. The company had a trading volume of 683,823 shares, compared to its average volume of 10,709,109. EQT Corporation has a 52 week low of $43.57 and a 52 week high of $62.23. The business’s 50 day moving average price is $54.96 and its 200-day moving average price is $54.72. The stock has a market cap of $37.27 billion, a PE ratio of 18.07, a PEG ratio of 0.42 and a beta of 0.74. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.76 and a current ratio of 0.76.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, February 17th. The oil and gas producer reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.14. EQT had a net margin of 23.59% and a return on equity of 7.25%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the business posted $0.69 earnings per share. EQT’s revenue for the quarter was up 24.8% compared to the same quarter last year. Analysts expect that EQT Corporation will post 3.27 earnings per share for the current year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, February 17th. EQT’s dividend payout ratio (DPR) is 19.94%.

Hedge Funds Weigh In On EQT

Several institutional investors have recently modified their holdings of EQT. Westpac Banking Corp increased its stake in EQT by 6.6% during the 3rd quarter. Westpac Banking Corp now owns 2,671 shares of the oil and gas producer’s stock worth $145,000 after purchasing an additional 165 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of EQT by 1.0% in the fourth quarter. Parallel Advisors LLC now owns 19,075 shares of the oil and gas producer’s stock valued at $1,022,000 after buying an additional 198 shares during the period. Rothschild Investment LLC boosted its holdings in shares of EQT by 0.5% in the fourth quarter. Rothschild Investment LLC now owns 46,582 shares of the oil and gas producer’s stock valued at $2,497,000 after buying an additional 215 shares during the period. Fortitude Family Office LLC increased its position in shares of EQT by 95.6% during the fourth quarter. Fortitude Family Office LLC now owns 573 shares of the oil and gas producer’s stock worth $31,000 after acquiring an additional 280 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its position in shares of EQT by 4.0% during the fourth quarter. Valeo Financial Advisors LLC now owns 11,813 shares of the oil and gas producer’s stock worth $633,000 after acquiring an additional 456 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.

Analyst Ratings Changes

EQT has been the subject of a number of analyst reports. Wolfe Research lifted their target price on shares of EQT from $61.00 to $62.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Zacks Research upgraded EQT from a “strong sell” rating to a “hold” rating in a research report on Monday. UBS Group reiterated a “buy” rating on shares of EQT in a report on Wednesday, January 21st. Mizuho increased their target price on EQT from $60.00 to $68.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Finally, The Goldman Sachs Group decreased their target price on EQT from $70.00 to $66.00 and set a “buy” rating for the company in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, EQT has an average rating of “Moderate Buy” and a consensus price target of $65.55.

EQT Company 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.