denkapparat Operations GmbH Purchases New Holdings in EQT Corporation $EQT

denkapparat Operations GmbH acquired a new position in EQT Corporation (NYSE:EQT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 14,164 shares of the oil and gas producer’s stock, valued at approximately $753,000.

Other large investors also recently bought and sold shares of the company. Greykasell Wealth Strategies Inc. acquired a new position in shares of EQT during the fourth quarter valued at approximately $26,000. Meeder Asset Management Inc. acquired a new stake in shares of EQT in the second quarter worth approximately $26,000. Wedbush Fund Advisers LLC increased its position in shares of EQT by 251.8% during the second quarter. Wedbush Fund Advisers LLC now owns 577 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 413 shares in the last quarter. Continuum Advisory LLC purchased a new stake in shares of EQT during the second quarter worth approximately $32,000. Finally, Gables Capital Management Inc. acquired a new position in EQT in the 2nd quarter valued at $37,000. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on EQT. Freedom Capital upgraded EQT to a “strong-buy” rating in a report on Tuesday, June 30th. Sanford C. Bernstein reiterated an “outperform” rating on shares of EQT in a research report on Thursday, July 30th. The Goldman Sachs Group decreased their price target on shares of EQT from $65.00 to $63.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Morgan Stanley lowered their price target on shares of EQT from $68.00 to $67.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 19th. Finally, Barclays dropped their price objective on shares of EQT from $70.00 to $68.00 and set an “overweight” rating for the company in a research note on Monday, August 17th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, EQT has an average rating of “Moderate Buy” and a consensus target price of $68.10.

EQT Stock Performance

NYSE EQT opened at $55.68 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.67 and a current ratio of 0.67. The stock’s fifty day moving average is $52.63 and its two-hundred day moving average is $56.36. The firm has a market capitalization of $34.83 billion, a P/E ratio of 12.92 and a beta of 0.58. EQT Corporation has a fifty-two week low of $47.94 and a fifty-two week high of $68.24.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, July 21st. The oil and gas producer reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). EQT had a return on equity of 9.31% and a net margin of 28.44%.The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same period last year, the business earned $0.45 earnings per share. The firm’s revenue was down 29.2% compared to the same quarter last year. On average, research analysts anticipate that EQT Corporation will post 3.96 earnings per share for the current year.

EQT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 5th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.2%. The ex-dividend date was Wednesday, August 5th. EQT’s dividend payout ratio (DPR) is presently 15.31%.

Insider Transactions at EQT

In other EQT news, CEO Toby Rice sold 175,328 shares of EQT stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $55.03, for a total transaction of $9,648,299.84. Following the transaction, the chief executive officer directly owned 2,157,865 shares of the company’s stock, valued at $118,747,310.95. The trade was a 7.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.72% of the company’s stock.

EQT Profile

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.