13,446 Shares in EQT Corporation $EQT Purchased by Teza Capital Management LLC

Key Points

• Teza Capital Management LLC purchased 13,446 shares of EQT Corporation, valued at approximately $718,000, during the 1st quarter of the year.
• Insider selling activity included Director Vicky A. Bailey, who sold 4,259 shares for over $219,000, and EVP Sarah Fenton, who sold 12,438 shares, reflecting a 48.33% ownership decrease.
• EQT's stock is currently trading at around $51.51, with a market capitalization of $32.14 billion, and the company recently reported a quarterly earnings miss, with EPS of $0.45 against an estimate of $0.52.

Teza Capital Management LLC purchased a new position in EQT Corporation (NYSE:EQT - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 13,446 shares of the oil and gas producer's stock, valued at approximately $718,000.

Several other institutional investors have also modified their holdings of EQT. Benjamin Edwards Inc. lifted its stake in shares of EQT by 25.4% in the fourth quarter. Benjamin Edwards Inc. now owns 8,492 shares of the oil and gas producer's stock worth $392,000 after acquiring an additional 1,718 shares in the last quarter. Cary Street Partners Financial LLC acquired a new stake in EQT during the fourth quarter valued at approximately $125,000. Captrust Financial Advisors raised its stake in EQT by 41.5% during the fourth quarter. Captrust Financial Advisors now owns 12,766 shares of the oil and gas producer's stock valued at $589,000 after buying an additional 3,746 shares in the last quarter. Crestline Management LP acquired a new stake in EQT during the fourth quarter valued at approximately $807,000. Finally, Colonial Trust Co SC raised its stake in EQT by 255.5% during the fourth quarter. Colonial Trust Co SC now owns 1,422 shares of the oil and gas producer's stock valued at $66,000 after buying an additional 1,022 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.

Insider Activity at EQT

In related news, Director Vicky A. Bailey sold 4,259 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $51.56, for a total value of $219,594.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Sarah Fenton sold 12,438 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $51.94, for a total value of $646,029.72. Following the completion of the sale, the executive vice president owned 13,297 shares in the company, valued at approximately $690,646.18. This represents a 48.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.65% of the stock is owned by company insiders.

EQT Stock Down 0.6%

NYSE:EQT opened at $51.51 on Friday. The firm has a market capitalization of $32.14 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 0.41 and a beta of 0.58. The stock has a 50 day moving average of $53.48 and a 200-day moving average of $53.05. EQT Corporation has a 52 week low of $31.45 and a 52 week high of $61.02. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.32.

EQT (NYSE:EQT - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The oil and gas producer reported $0.45 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.07). The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.78 billion. EQT had a net margin of 15.87% and a return on equity of 6.24%. During the same period last year, the company posted ($0.08) earnings per share. Analysts predict that EQT Corporation will post 3.27 EPS for the current year.

EQT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 6th were given a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.2%. The ex-dividend date was Wednesday, August 6th. EQT's dividend payout ratio (DPR) is currently 34.05%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Mizuho upgraded EQT to an "outperform" rating and set a $66.00 price objective on the stock in a research note on Tuesday, July 8th. Roth Capital cut EQT from a "strong-buy" rating to a "neutral" rating and cut their price objective for the company from $75.00 to $57.00 in a research note on Monday, August 18th. Barclays upped their price objective on EQT from $65.00 to $68.00 and gave the company an "overweight" rating in a research note on Wednesday, July 23rd. Morgan Stanley restated an "overweight" rating on shares of EQT in a research note on Tuesday, July 15th. Finally, Royal Bank Of Canada upped their price objective on EQT from $55.00 to $60.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 8th. Fifteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $62.14.

EQT 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.

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