CW Advisors LLC Invests $539,000 in EQT Corporation $EQT

Key Points

• CW Advisors LLC has invested approximately $539,000 in EQT Corporation by acquiring 10,042 shares in the first quarter.
• EQT Corporation announced a quarterly dividend of $0.1575 per share, with an annualized yield of 1.2%, payable to investors of record on August 6th.
• The company reported earnings of $0.45 per share for the last quarter, missing analysts' consensus estimates, and had revenues of $1.60 billion, below expectations of $1.78 billion.

CW Advisors LLC purchased a new stake in EQT Corporation (NYSE:EQT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,042 shares of the oil and gas producer's stock, valued at approximately $539,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Zions Bancorporation National Association UT bought a new stake in EQT in the first quarter valued at about $35,000. Harbour Investments Inc. grew its position in shares of EQT by 48.4% during the 1st 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 period. University of Texas Texas AM Investment Management Co. increased its stake in shares of EQT by 47.7% in 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 last quarter. Mascagni Wealth Management Inc. acquired a new stake in shares of EQT in the 4th quarter valued at approximately $55,000. Finally, Colonial Trust Co SC boosted 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 worth $66,000 after acquiring an additional 1,022 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Mizuho upgraded shares of EQT to an "outperform" rating and set a $66.00 price objective for the company in a report on Tuesday, July 8th. 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 report on Tuesday, July 8th. Melius Research assumed coverage on shares of EQT in a report on Wednesday, August 20th. They set a "buy" rating and a $64.00 price objective for the company. Morgan Stanley restated an "overweight" rating on shares of EQT in a report on Tuesday, July 15th. Finally, Melius assumed coverage on shares of EQT in a report on Wednesday, August 20th. They set a "buy" rating and a $64.00 price objective for the company. Fifteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $62.14.

Insiders Place Their Bets

In related news, Director Vicky A. Bailey sold 4,259 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were 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 is accessible through the SEC website. Also, EVP Sarah Fenton sold 12,438 shares of the firm's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $51.94, for a total transaction of $646,029.72. Following the completion of the transaction, the executive vice president directly owned 13,297 shares of the company's stock, valued at approximately $690,646.18. This trade represents a 48.33% decrease in their position. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by company insiders.

EQT Stock Down 0.9%

Shares of EQT stock traded down $0.47 on Monday, hitting $51.90. The company had a trading volume of 6,310,318 shares, compared to its average volume of 6,522,401. The firm has a market capitalization of $32.39 billion, a P/E ratio of 28.05, a P/E/G ratio of 0.41 and a beta of 0.58. EQT Corporation has a twelve month low of $31.45 and a twelve month high of $61.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a 50-day moving average of $54.19 and a 200-day moving average of $53.11.

EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The oil and gas producer reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.07). EQT had a net margin of 15.87% and a return on equity of 6.24%. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter last year, the company earned ($0.08) EPS. Research analysts predict 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 Tuesday, September 2nd. Investors of record on Wednesday, August 6th will be given a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, August 6th. This represents a $0.63 dividend on an annualized basis and a yield of 1.2%. EQT's dividend payout ratio (DPR) is 34.05%.

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.