Universal Beteiligungs und Servicegesellschaft mbH Acquires 62,490 Shares of EQT Corporation (NYSE:EQT)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in EQT Corporation by 48.1%, bringing its total shares to 192,471, valued at $10.28 million.
• EQT's recent earnings report revealed an EPS of $0.45, falling short of the consensus estimate of $0.52, with revenues at $1.60 billion compared to the expected $1.78 billion.
• The company announced a quarterly dividend of $0.1575 per share, translating to an annual yield of 1.21%, with a payout ratio of 34.05%.

Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of EQT Corporation (NYSE:EQT - Free Report) by 48.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 192,471 shares of the oil and gas producer's stock after acquiring an additional 62,490 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH's holdings in EQT were worth $10,284,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. University of Texas Texas AM Investment Management Co. raised its position in shares of 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 in the last quarter. Mascagni Wealth Management Inc. bought a new stake in EQT in the fourth quarter valued at $55,000. Hazlett Burt & Watson Inc. lifted its stake in EQT by 197.4% in 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 buying an additional 918 shares during the last quarter. Colonial Trust Co SC lifted its stake in 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 last quarter. Finally, Montag A & Associates Inc. bought a new stake in EQT in the first quarter valued at $77,000. 90.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Roth Capital assumed coverage on EQT in a research note on Tuesday, June 24th. They issued a "buy" rating and a $69.00 target price on the stock. Jefferies Financial Group reiterated a "buy" rating and issued a $70.00 target price (up from $60.00) on shares of EQT in a research note on Tuesday, July 8th. Piper Sandler increased their price target on EQT from $48.00 to $49.00 and gave the stock a "neutral" rating in a research note on Friday. Wells Fargo & Company increased their price target on EQT from $59.00 to $63.00 and gave the stock an "overweight" rating in a research note on Monday, June 16th. Finally, Wall Street Zen cut EQT from a "hold" rating to a "sell" rating in a research note on Monday, April 7th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $60.84.

EQT Stock Up 2.4%

NYSE EQT traded up $1.25 during trading hours on Tuesday, hitting $53.16. 2,009,636 shares of the company traded hands, compared to its average volume of 8,480,971. The business's 50-day moving average is $56.31 and its 200-day moving average is $53.15. EQT Corporation has a twelve month low of $30.02 and a twelve month 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 stock has a market capitalization of $33.17 billion, a price-to-earnings ratio of 28.74, a P/E/G ratio of 0.35 and a beta of 0.65.

EQT (NYSE:EQT - Get Free Report) last issued its quarterly 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). The company 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 last year, the company posted ($0.08) earnings per share. Sell-side analysts anticipate 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. Shareholders of record on Wednesday, August 6th will be issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Wednesday, August 6th. EQT's dividend payout ratio is presently 34.05%.

Insider Buying and Selling at EQT

In other EQT news, EVP Sarah Fenton sold 12,438 shares of EQT stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $51.94, for a total transaction of $646,029.72. Following the transaction, the executive vice president directly 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 0.65% of the stock is currently owned by company insiders.

EQT Company 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.