Aristides Capital LLC Has $1.90 Million Stake in EQT Corporation $EQT

Key Points

• Aristides Capital LLC increased its holdings in EQT Corporation by 129.1% in Q1, now owning 35,490 shares worth approximately $1.9 million.
• EQT's recent quarterly earnings reported $0.45 per share, missing analysts' expectations, with revenues of $1.60 billion compared to the forecasted $1.78 billion.
• The company announced a quarterly dividend of $0.1575 per share, equating to an annualized dividend yield of 1.2%.

Aristides Capital LLC raised its position in EQT Corporation (NYSE:EQT - Free Report) by 129.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,490 shares of the oil and gas producer's stock after buying an additional 20,000 shares during the period. Aristides Capital LLC's holdings in EQT were worth $1,896,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in EQT by 2.1% in the first quarter. Vanguard Group Inc. now owns 74,039,340 shares of the oil and gas producer's stock valued at $3,955,922,000 after buying an additional 1,509,054 shares in the last quarter. Northern Trust Corp lifted its position in shares of EQT by 2.0% during the first quarter. Northern Trust Corp now owns 5,692,985 shares of the oil and gas producer's stock worth $304,176,000 after purchasing an additional 113,716 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of EQT by 2.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,204,106 shares of the oil and gas producer's stock worth $278,055,000 after purchasing an additional 110,249 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of EQT by 10.3% during the first quarter. Neuberger Berman Group LLC now owns 5,191,780 shares of the oil and gas producer's stock worth $277,397,000 after purchasing an additional 484,671 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of EQT by 7.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,658,814 shares of the oil and gas producer's stock worth $251,017,000 after purchasing an additional 311,154 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at EQT

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 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 sale, the executive vice president owned 13,297 shares of the company's stock, valued at approximately $690,646.18. This represents a 48.33% decrease in their position. The disclosure for this sale can be found here. 0.65% of the stock is owned by corporate insiders.

EQT Trading Down 0.9%

NYSE:EQT traded down $0.47 during trading hours on Friday, hitting $51.90. The stock had a trading volume of 6,310,318 shares, compared to its average volume of 8,286,679. EQT Corporation has a one year low of $31.45 and a one year high of $61.02. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.71 and a current ratio of 0.71. The company has a market cap of $32.39 billion, a price-to-earnings ratio of 28.05, a P/E/G ratio of 0.40 and a beta of 0.59. The business's 50 day moving average is $54.19 and its 200-day moving average is $53.11.

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). EQT had a net margin of 15.87% and a return on equity of 6.24%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the previous year, the company posted ($0.08) EPS. Sell-side analysts anticipate that EQT Corporation will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Barclays upped their target price on shares of EQT from $65.00 to $68.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. UBS Group upped their target price on shares of EQT from $64.00 to $65.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Morgan Stanley reiterated an "overweight" rating on shares of EQT in a research report on Tuesday, July 15th. Melius Research assumed coverage on shares of EQT in a research report on Wednesday, August 20th. They set a "buy" rating and a $64.00 target price on the stock. Finally, Roth Capital lowered shares of EQT from a "strong-buy" rating to a "neutral" rating and reduced their target price for the stock from $75.00 to $57.00 in a research report on Monday, August 18th. Fifteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, EQT presently has a consensus rating of "Moderate Buy" and a consensus 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.