GSA Capital Partners LLP purchased a new position in shares of EQT Corporation (NYSE:EQT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,862 shares of the oil and gas producer's stock, valued at approximately $1,008,000.
A number of other institutional investors and hedge funds have also modified their holdings of EQT. University of Texas Texas AM Investment Management Co. grew its holdings in EQT by 47.7% during the fourth 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 purchasing an additional 310 shares during the period. Mascagni Wealth Management Inc. acquired a new position in EQT during the fourth quarter valued at approximately $55,000. Hazlett Burt & Watson Inc. grew its holdings in EQT by 197.4% during the first quarter. Hazlett Burt & Watson Inc. now owns 1,383 shares of the oil and gas producer's stock valued at $73,000 after purchasing an additional 918 shares during the period. Colonial Trust Co SC boosted its holdings in shares of EQT by 255.5% in the fourth quarter. Colonial Trust Co SC now owns 1,422 shares of the oil and gas producer's stock valued at $66,000 after buying an additional 1,022 shares during the period. Finally, Montag A & Associates Inc. acquired a new position in shares of EQT in the first quarter valued at approximately $77,000. 90.81% of the stock is owned by institutional investors.
EQT Stock Performance
NYSE EQT traded down $1.33 on Friday, hitting $52.42. 7,273,936 shares of the stock were exchanged, compared to its average volume of 9,846,872. 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 business's fifty day moving average is $56.10 and its 200 day moving average is $53.19. EQT Corporation has a 52 week low of $30.02 and a 52 week high of $61.02. The company has a market capitalization of $32.71 billion, a PE ratio of 28.34, a P/E/G ratio of 0.37 and a beta of 0.65.
EQT (NYSE:EQT - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate 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 company earned ($0.08) earnings per share. Research 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 $0.1575 dividend. 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 presently 34.05%.
Insider Buying and Selling at EQT
In other news, EVP Sarah Fenton sold 12,438 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $51.94, for a total value of $646,029.72. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.65% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
EQT has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of EQT from $59.00 to $63.00 and gave the company an "overweight" rating in a report on Monday, June 16th. Barclays upped their price target on shares of EQT from $65.00 to $68.00 and gave the company an "overweight" rating in a report on Wednesday, July 23rd. Piper Sandler upped their price target on shares of EQT from $48.00 to $49.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Wall Street Zen cut shares of EQT from a "hold" rating to a "sell" rating in a report on Monday, April 7th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of EQT in a report on Tuesday, July 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.84.
Read Our Latest Report on EQT
EQT Company Profile
(
Free Report)
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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