EQT Corporation $EQT Stock Holdings Trimmed by American Century Companies Inc.

Key Points

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American Century Companies Inc. trimmed its stake in EQT Corporation (NYSE:EQT - Free Report) by 48.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,227,577 shares of the oil and gas producer's stock after selling 1,164,155 shares during the quarter. American Century Companies Inc. owned approximately 0.21% of EQT worth $65,589,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of EQT. Zions Bancorporation National Association UT acquired a new position in shares of EQT in the 1st quarter worth $35,000. Harbour Investments Inc. grew its holdings in shares of EQT by 48.4% in the 1st quarter. Harbour Investments Inc. now owns 693 shares of the oil and gas producer's stock worth $37,000 after acquiring an additional 226 shares during the last quarter. University of Texas Texas AM Investment Management Co. grew its holdings 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 worth $44,000 after acquiring an additional 310 shares during the last quarter. Mascagni Wealth Management Inc. acquired a new position in shares of EQT in the 4th quarter worth $55,000. Finally, Colonial Trust Co SC grew its holdings in shares of EQT by 255.5% in 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 and hedge funds.

Insider Transactions at EQT

In other EQT news, EVP Sarah Fenton sold 12,438 shares of the business's stock in a transaction dated Friday, July 25th. The stock was 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 of the company's stock, valued at $690,646.18. The trade was a 48.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Vicky A. Bailey sold 4,259 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $51.56, for a total value of $219,594.04. The disclosure for this sale can be found here. 0.65% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Roth Capital cut EQT from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $75.00 to $57.00 in a report on Monday. Jefferies Financial Group restated a "buy" rating and issued a $70.00 target price (up from $60.00) on shares of EQT in a report on Tuesday, July 8th. Barclays raised their target price on EQT from $65.00 to $68.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company raised their target price on EQT from $59.00 to $63.00 and gave the stock an "overweight" rating in a research report on Monday, June 16th. Finally, Royal Bank Of Canada raised their target price on EQT from $55.00 to $60.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 8th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $60.32.

EQT Price Performance

EQT opened at $50.56 on Tuesday. The stock has a market cap of $31.55 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 0.37 and a beta of 0.59. EQT Corporation has a 1 year low of $31.45 and a 1 year 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. The stock has a fifty day moving average price of $55.19 and a 200 day moving average price of $53.16.

EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.78 billion. EQT had a net margin of 15.87% and a return on equity of 6.24%. During the same period in the previous year, the business posted ($0.08) EPS. Analysts forecast that EQT Corporation will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders 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 dividend yield of 1.2%. EQT's payout ratio is currently 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.

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