EQT (NYSE:EQT) EVP Sells $314,453.24 in Stock

EQT Corporation (NYSE:EQT) EVP Sarah Fenton sold 4,876 shares of EQT stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $64.49, for a total value of $314,453.24. Following the completion of the transaction, the executive vice president owned 52,953 shares of the company’s stock, valued at $3,414,938.97. The trade was a 8.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Sarah Fenton also recently made the following trade(s):

• On Friday, February 20th, Sarah Fenton sold 3,768 shares of EQT stock. The stock was sold at an average price of $60.37, for a total transaction of $227,474.16.

EQT Stock Up 0.0%

Shares of NYSE:EQT opened at $64.69 on Friday. The firm’s 50 day moving average price is $58.08 and its 200 day moving average price is $56.01. The stock has a market cap of $40.42 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 0.43 and a beta of 0.72. EQT Corporation has a fifty-two week low of $43.57 and a fifty-two week high of $67.15. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.27.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, February 17th. The oil and gas producer reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.14. EQT had a net margin of 23.59% and a return on equity of 7.25%. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. As a group, equities research analysts predict that EQT Corporation will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, February 17th. EQT’s payout ratio is 19.94%.

Institutional Trading of EQT

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Westpac Banking Corp grew its stake in shares of EQT by 6.6% during the 3rd quarter. Westpac Banking Corp now owns 2,671 shares of the oil and gas producer’s stock valued at $145,000 after buying an additional 165 shares during the period. Parallel Advisors LLC raised its position in shares of EQT by 1.0% in the 4th quarter. Parallel Advisors LLC now owns 19,075 shares of the oil and gas producer’s stock worth $1,022,000 after buying an additional 198 shares during the period. Rothschild Investment LLC boosted its holdings in EQT by 0.5% in the fourth quarter. Rothschild Investment LLC now owns 46,582 shares of the oil and gas producer’s stock valued at $2,497,000 after acquiring an additional 215 shares during the last quarter. Fortitude Family Office LLC boosted its holdings in EQT by 95.6% in the fourth quarter. Fortitude Family Office LLC now owns 573 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 280 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its position in EQT by 4.0% during the fourth quarter. Valeo Financial Advisors LLC now owns 11,813 shares of the oil and gas producer’s stock valued at $633,000 after acquiring an additional 456 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

EQT has been the topic of several recent analyst reports. Barclays increased their target price on EQT from $67.00 to $69.00 and gave the company an “overweight” rating in a report on Monday, March 16th. Scotiabank lowered their price objective on EQT from $67.00 to $63.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 21st. Siebert Williams Shank increased their price objective on EQT from $59.00 to $62.00 and gave the company a “hold” rating in a report on Monday, January 26th. JPMorgan Chase & Co. raised their target price on EQT from $68.00 to $72.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, The Goldman Sachs Group lowered their price target on EQT from $70.00 to $66.00 and set a “buy” rating for the company in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $66.36.

About EQT

EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT’s primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.

In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.