EQT Corporation (NYSE:EQT) Shares Bought by Blair William & Co. IL

Key Points

• Blair William & Co. IL increased its stake in EQT Corporation by 184.7% during the first quarter, owning a total of 72,367 shares valued at $3,867,000.
• EQT's stock has experienced a price range fluctuation, with a 1-year low of $30.25 and a 1-year high of $61.02.
• The company recently declared a quarterly dividend of $0.1575 per share, yielding an annualized total of $0.63 with a dividend payout ratio of 34.05%.

Blair William & Co. IL increased its stake in EQT Corporation (NYSE:EQT - Free Report) by 184.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,367 shares of the oil and gas producer's stock after purchasing an additional 46,944 shares during the period. Blair William & Co. IL's holdings in EQT were worth $3,867,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of EQT. Harbour Investments Inc. lifted its stake in EQT by 48.4% during the 1st quarter. Harbour Investments Inc. now owns 693 shares of the oil and gas producer's stock valued at $37,000 after acquiring an additional 226 shares during the period. University of Texas Texas AM Investment Management Co. lifted its stake in EQT by 47.7% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer's stock valued at $44,000 after acquiring an additional 310 shares during the period. Mascagni Wealth Management Inc. acquired a new stake in EQT during the 4th quarter valued at approximately $55,000. Colonial Trust Co SC lifted its stake in EQT by 255.5% during the 4th quarter. Colonial Trust Co SC now owns 1,422 shares of the oil and gas producer's stock valued at $66,000 after acquiring an additional 1,022 shares during the period. Finally, Altshuler Shaham Ltd acquired a new stake in EQT during the 4th quarter valued at approximately $70,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

EQT Price Performance

Shares of EQT stock traded up $0.05 during trading hours on Friday, reaching $51.29. 4,540,206 shares of the company's stock were exchanged, compared to its average volume of 9,659,581. EQT Corporation has a 1 year low of $30.59 and a 1 year high of $61.02. The company has a market capitalization of $32.01 billion, a P/E ratio of 27.72, a price-to-earnings-growth ratio of 0.36 and a beta of 0.59. The business has a fifty day moving average of $55.70 and a two-hundred day moving average of $53.13. 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 (NYSE:EQT - Get Free Report) last released its earnings results on Tuesday, July 22nd. The oil and gas producer reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.07). EQT had a return on equity of 6.24% and a net margin of 15.87%. The business had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.78 billion. During the same period in the previous year, the company earned ($0.08) EPS. As a group, research analysts predict that EQT Corporation will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have commented on EQT shares. Roth Capital started coverage on shares of EQT in a research note on Tuesday, June 24th. They set a "buy" rating and a $69.00 price objective for the company. Scotiabank restated a "sector perform" rating and set a $66.00 price objective (up from $62.00) on shares of EQT in a research note on Friday, July 11th. Mizuho upgraded shares of EQT to an "outperform" rating and set a $66.00 price objective for the company in a research note on Tuesday, July 8th. Stephens decreased their price objective on shares of EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company lifted their target price on shares of EQT from $59.00 to $63.00 and gave the company an "overweight" rating in a report on Monday, June 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $60.84.

Insiders Place Their Bets

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

About EQT

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.