5,425 Shares in EQT Co. (NYSE:EQT) Purchased by Dynasty Wealth Management LLC

Dynasty Wealth Management LLC bought a new position in shares of EQT Co. (NYSE:EQT) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,425 shares of the oil and gas producer’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EQT. Raymond James Financial Services Advisors Inc. grew its position in EQT by 212.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 174,346 shares of the oil and gas producer’s stock worth $6,740,000 after buying an additional 118,482 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of EQT by 7.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 17,116 shares of the oil and gas producer’s stock worth $662,000 after purchasing an additional 1,128 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of EQT by 70.7% in the 4th quarter. State of Alaska Department of Revenue now owns 73,387 shares of the oil and gas producer’s stock worth $2,836,000 after purchasing an additional 30,405 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of EQT by 8.2% in the 4th quarter. Fifth Third Bancorp now owns 7,964 shares of the oil and gas producer’s stock valued at $308,000 after acquiring an additional 601 shares during the last quarter. Finally, State of Michigan Retirement System boosted its holdings in EQT by 23.9% during the 4th quarter. State of Michigan Retirement System now owns 144,000 shares of the oil and gas producer’s stock valued at $5,567,000 after acquiring an additional 27,800 shares during the period. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on EQT. Wolfe Research began coverage on EQT in a report on Thursday, July 18th. They set an “outperform” rating and a $51.00 target price for the company. Mizuho increased their target price on EQT from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Monday, May 13th. StockNews.com upgraded EQT to a “sell” rating in a report on Friday, July 26th. Sanford C. Bernstein upgraded EQT from an “underperform” rating to a “market perform” rating and increased their price objective for the stock from $27.00 to $34.00 in a report on Wednesday, April 10th. Finally, Piper Sandler dropped their price objective on EQT from $47.00 to $43.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, EQT has an average rating of “Moderate Buy” and an average price target of $45.50.

EQT Stock Down 0.9 %

EQT stock opened at $34.51 on Thursday. EQT Co. has a twelve month low of $32.07 and a twelve month high of $45.23. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.33. The firm has a market cap of $15.24 billion, a PE ratio of 25.01 and a beta of 1.12. The business has a 50 day moving average of $37.90 and a 200 day moving average of $37.23.

EQT (NYSE:EQT) last posted its quarterly earnings data on Tuesday, July 23rd. The oil and gas producer reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.12. EQT had a return on equity of 4.52% and a net margin of 12.45%. The company had revenue of $952.51 million during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the company earned ($0.17) EPS. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, research analysts forecast that EQT Co. will post 1.4 EPS for the current fiscal year.

EQT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Wednesday, August 7th. EQT’s payout ratio is 45.65%.

Insiders Place Their Bets

In related news, insider Lesley Evancho sold 46,884 shares of EQT stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $41.29, for a total value of $1,935,840.36. Following the completion of the sale, the insider now owns 160,884 shares of the company’s stock, valued at $6,642,900.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP William E. Jordan sold 35,000 shares of EQT stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $40.72, for a total transaction of $1,425,200.00. Following the transaction, the executive vice president now directly owns 456,837 shares in the company, valued at $18,602,402.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lesley Evancho sold 46,884 shares of EQT stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $41.29, for a total value of $1,935,840.36. Following the transaction, the insider now owns 160,884 shares in the company, valued at $6,642,900.36. The disclosure for this sale can be found here. Corporate insiders own 0.63% of the company’s stock.

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.