Insider Selling: EQT Corporation (NYSE:EQT) EVP Sells 12,438 Shares of Stock

Key Points

• Selling Activity: EQT Corporation EVP Sarah Fenton sold 12,438 shares at an average price of $51.94, totaling $646,029.72, reducing her stake by 48.33%.
• Earnings Performance: The company reported a quarterly EPS of $0.45, missing the consensus estimate of $0.52, and revenue of $1.60 billion, below the expected $1.78 billion.
• Dividend Announcement: EQT declared a quarterly dividend of $0.1575 per share, with an ex-dividend date of August 6th, reflecting a 1.21% yield based on an annualized payout of $0.63.

EQT Corporation (NYSE:EQT - Get Free Report) EVP Sarah Fenton sold 12,438 shares of the business's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $51.94, for a total value of $646,029.72. Following the transaction, the executive vice president directly owned 13,297 shares of the company's stock, valued at $690,646.18. This trade represents a 48.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

EQT Stock Down 2.2%

Shares of EQT stock traded down $1.21 on Friday, hitting $52.55. The company had a trading volume of 2,046,587 shares, compared to its average volume of 8,491,037. The stock has a market capitalization of $32.79 billion, a price-to-earnings ratio of 28.47, a P/E/G ratio of 0.37 and a beta of 0.65. EQT Corporation has a 1 year low of $30.02 and a 1 year high of $61.02. The stock has a 50 day moving average of $56.17 and a 200-day moving average of $53.17. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.71 and a current ratio of 0.71.

EQT (NYSE:EQT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The oil and gas producer reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.07). The business had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.78 billion. EQT had a net margin of 15.87% and a return on equity of 6.24%. During the same period in the previous year, the business posted ($0.08) earnings per share. As a group, sell-side analysts forecast that EQT Corporation will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 6th will be given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, August 6th. EQT's dividend payout ratio (DPR) is presently 34.05%.

Institutional Trading of EQT

A number of institutional investors and hedge funds have recently modified their holdings of EQT. Zions Bancorporation National Association UT purchased a new stake in shares of EQT during the first quarter valued at approximately $35,000. Harbour Investments Inc. increased its position in EQT by 48.4% in the first quarter. Harbour Investments Inc. now owns 693 shares of the oil and gas producer's stock worth $37,000 after buying an additional 226 shares during the last quarter. University of Texas Texas AM Investment Management Co. increased its position in EQT by 47.7% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer's stock worth $44,000 after buying an additional 310 shares during the last quarter. Mascagni Wealth Management Inc. purchased a new stake in EQT in the fourth quarter worth $55,000. Finally, Private Trust Co. NA increased its position in EQT by 38.1% in the second quarter. Private Trust Co. NA now owns 1,026 shares of the oil and gas producer's stock worth $60,000 after buying an additional 283 shares during the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Roth Capital assumed coverage on EQT in a research report on Tuesday, June 24th. They set a "buy" rating and a $69.00 price objective on the stock. Jefferies Financial Group restated a "buy" rating and set a $70.00 price objective (up previously from $60.00) on shares of EQT in a research report on Tuesday, July 8th. TD Cowen upgraded EQT from a "hold" rating to a "buy" rating and set a $54.00 price objective on the stock in a research report on Tuesday, April 8th. Wall Street Zen cut EQT from a "hold" rating to a "sell" rating in a research note on Monday, April 7th. Finally, Wells Fargo & Company increased their price target on EQT from $59.00 to $63.00 and gave the company an "overweight" rating in a research note on Monday, June 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.84.

EQT Company Profile

EQT Corporation operates as a natural gas production company in the United States. The company sells natural gas and natural gas liquids to marketers, utilities, and industrial customers through pipelines located in the Appalachian Basin. It also offers marketing services and contractual pipeline capacity management services.