Uncommon Cents Investing LLC Has $271,000 Stock Position in EQT Co. (NYSE:EQT)

Uncommon Cents Investing LLC reduced its position in EQT Co. (NYSE:EQT) by 4.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 7,305 shares of the oil and gas producer’s stock after selling 325 shares during the quarter. Uncommon Cents Investing LLC’s holdings in EQT were worth $271,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in EQT by 6.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 52,883,676 shares of the oil and gas producer’s stock valued at $2,044,484,000 after purchasing an additional 3,159,700 shares during the period. Vanguard Group Inc. grew its holdings in shares of EQT by 4.5% during the fourth quarter. Vanguard Group Inc. now owns 46,922,862 shares of the oil and gas producer’s stock valued at $1,814,038,000 after buying an additional 2,023,222 shares in the last quarter. Wellington Management Group LLP raised its position in EQT by 3.2% during the fourth quarter. Wellington Management Group LLP now owns 20,320,219 shares of the oil and gas producer’s stock valued at $785,580,000 after buying an additional 632,625 shares during the period. Capital World Investors lifted its stake in EQT by 1.5% in the 4th quarter. Capital World Investors now owns 17,425,711 shares of the oil and gas producer’s stock worth $673,678,000 after acquiring an additional 265,297 shares in the last quarter. Finally, Northern Trust Corp boosted its position in EQT by 8.9% during the 4th quarter. Northern Trust Corp now owns 3,981,749 shares of the oil and gas producer’s stock worth $153,934,000 after acquiring an additional 324,411 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

EQT Stock Performance

EQT stock traded up $0.08 during trading hours on Thursday, reaching $37.04. 2,643,384 shares of the company were exchanged, compared to its average volume of 6,640,291. EQT Co. has a 12 month low of $32.07 and a 12 month high of $45.23. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average of $39.78 and a 200 day moving average of $37.62. The firm has a market cap of $16.36 billion, a price-to-earnings ratio of 26.84 and a beta of 1.12.

EQT (NYSE:EQT) last posted its quarterly earnings data on Tuesday, April 23rd. The oil and gas producer reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.17. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.58 billion. EQT had a net margin of 10.96% and a return on equity of 4.57%. EQT’s quarterly revenue was down 28.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.70 EPS. As a group, research analysts anticipate that EQT Co. will post 1.05 earnings per share for the current year.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Wednesday, May 8th were given a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Tuesday, May 7th. EQT’s dividend payout ratio is currently 45.65%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on EQT shares. BMO Capital Markets upped their target price on EQT from $40.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, May 13th. StockNews.com upgraded shares of EQT to a “sell” rating in a research report on Wednesday, May 29th. Piper Sandler restated an “overweight” rating and set a $46.00 price target (up from $41.00) on shares of EQT in a report on Tuesday, April 30th. Stephens upped their price target on shares of EQT from $46.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 24th. Finally, Sanford C. Bernstein raised EQT from an “underperform” rating to a “market perform” rating and lifted their price objective for the company from $27.00 to $34.00 in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $45.24.

Insider Transactions at EQT

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

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.