EQT Co. (NYSE:EQT) Shares Acquired by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC grew its position in EQT Co. (NYSE:EQT) by 5.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,861 shares of the oil and gas producer’s stock after acquiring an additional 336 shares during the quarter. Motley Fool Asset Management LLC’s holdings in EQT were worth $254,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. California State Teachers Retirement System raised its stake in shares of EQT by 3.6% during the fourth quarter. California State Teachers Retirement System now owns 538,463 shares of the oil and gas producer’s stock worth $20,817,000 after purchasing an additional 18,804 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of EQT by 421.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 64,900 shares of the oil and gas producer’s stock worth $2,509,000 after purchasing an additional 52,443 shares during the last quarter. Cibc World Markets Corp raised its stake in shares of EQT by 162.4% during the fourth quarter. Cibc World Markets Corp now owns 52,370 shares of the oil and gas producer’s stock worth $2,025,000 after purchasing an additional 32,409 shares during the last quarter. National Bank of Canada FI raised its stake in shares of EQT by 600.0% during the fourth quarter. National Bank of Canada FI now owns 95,871 shares of the oil and gas producer’s stock worth $3,731,000 after purchasing an additional 82,176 shares during the last quarter. Finally, Third Point LLC purchased a new stake in shares of EQT during the fourth quarter worth approximately $75,387,000. 90.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on EQT. TD Cowen began coverage on EQT in a research note on Friday, April 19th. They set a “hold” rating and a $43.00 price target for the company. Scotiabank increased their price objective on EQT from $54.00 to $55.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 12th. Wolfe Research began coverage on EQT in a research report on Thursday. They issued an “outperform” rating and a $51.00 price objective for the company. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $37.00 price objective (down previously from $39.00) on shares of EQT in a research report on Wednesday, March 20th. Finally, StockNews.com upgraded EQT to a “sell” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, EQT presently has a consensus rating of “Hold” and a consensus price target of $45.67.

EQT Trading Down 0.8 %

Shares of EQT stock opened at $35.59 on Thursday. EQT Co. has a fifty-two week low of $32.07 and a fifty-two week high of $45.23. The stock has a market cap of $15.72 billion, a P/E ratio of 25.79 and a beta of 1.12. The business has a fifty day simple moving average of $39.05 and a 200-day simple moving average of $37.45. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.32.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, April 23rd. The oil and gas producer reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.17. EQT had a return on equity of 4.57% and a net margin of 10.96%. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the business posted $1.70 earnings per share. The business’s revenue for the quarter was down 28.8% on a year-over-year basis. On average, analysts forecast that EQT Co. will post 1.06 earnings per share for the current fiscal year.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, August 7th will be paid a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Wednesday, August 7th. EQT’s payout ratio is currently 45.65%.

Insider Activity at EQT

In other EQT news, insider Lesley Evancho sold 46,884 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 160,884 shares of the company’s stock, valued at approximately $6,642,900.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other EQT news, insider Lesley Evancho sold 46,884 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 160,884 shares of the company’s stock, valued at approximately $6,642,900.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP William E. Jordan sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $40.72, for a total value of $1,425,200.00. Following the completion of the transaction, the executive vice president now owns 456,837 shares in the company, valued at $18,602,402.64. The disclosure for this sale can be found here. Corporate insiders own 0.63% of the company’s stock.

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.