15,070 Shares in EQT Corporation $EQT Bought by AlphaQuest LLC

Key Points

• AlphaQuest LLC has acquired a new stake in EQT Corporation, purchasing 15,070 shares valued at approximately $805,000 in the first quarter.
• The company recently reported quarterly earnings of $0.45 EPS, missing estimates, with revenues of $1.60 billion against a consensus of $1.78 billion.
• EQT has announced a quarterly dividend of $0.1575 per share, set to be paid on September 2, representing an annualized yield of 1.2%.

AlphaQuest LLC bought a new position in shares of EQT Corporation (NYSE:EQT - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 15,070 shares of the oil and gas producer's stock, valued at approximately $805,000.

A number of other hedge funds also recently bought and sold shares of the company. Stifel Financial Corp lifted its stake in EQT by 5.8% in the 4th quarter. Stifel Financial Corp now owns 321,518 shares of the oil and gas producer's stock worth $14,825,000 after acquiring an additional 17,737 shares in the last quarter. IHT Wealth Management LLC bought a new stake in shares of EQT in the 4th quarter valued at approximately $207,000. MGO One Seven LLC grew its holdings in EQT by 144.2% during the fourth quarter. MGO One Seven LLC now owns 19,249 shares of the oil and gas producer's stock valued at $888,000 after purchasing an additional 11,367 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in shares of EQT by 2.2% in the fourth quarter. Integrated Wealth Concepts LLC now owns 16,945 shares of the oil and gas producer's stock valued at $781,000 after purchasing an additional 363 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new stake in shares of EQT in the fourth quarter valued at approximately $420,000. 90.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EQT. Jefferies Financial Group reaffirmed a "buy" rating and set a $70.00 price objective (up from $60.00) on shares of EQT in a report on Tuesday, July 8th. Bank of America increased their target price on EQT from $63.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, August 22nd. Melius Research began coverage on EQT in a report on Wednesday, August 20th. They issued a "buy" rating and a $64.00 price target on the stock. UBS Group boosted their price target on shares of EQT from $64.00 to $65.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Finally, Melius initiated coverage on EQT in a research note on Wednesday, August 20th. They issued a "buy" rating and a $64.00 target price on the stock. Fifteen investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $62.14.

Insider Buying and Selling at EQT

In related news, Director Vicky A. Bailey sold 4,259 shares of the business's stock in a transaction 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sarah Fenton sold 12,438 shares of the company's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $51.94, for a total transaction of $646,029.72. Following the sale, the executive vice president directly owned 13,297 shares of the company's stock, valued at $690,646.18. This represents a 48.33% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.65% of the company's stock.

EQT Stock Performance

Shares of NYSE EQT traded up $1.02 during midday trading on Thursday, hitting $52.37. 7,429,672 shares of the company's stock were exchanged, compared to its average volume of 8,298,713. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.32. EQT Corporation has a 12 month low of $31.45 and a 12 month high of $61.02. The company's 50 day moving average price is $54.36 and its 200 day moving average price is $53.12. The firm has a market capitalization of $32.68 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 0.41 and a beta of 0.59.

EQT (NYSE:EQT - Get Free Report) last issued 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 business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.78 billion. EQT had a return on equity of 6.24% and a net margin of 15.87%.During the same quarter in the prior year, the firm posted ($0.08) earnings per share. As a group, analysts predict that EQT Corporation will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 6th will be paid a $0.1575 dividend. The ex-dividend date is Wednesday, August 6th. This represents a $0.63 annualized dividend and a yield of 1.2%. EQT's payout ratio is 34.05%.

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.