EQT Corporation $EQT Shares Acquired by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. boosted its stake in shares of EQT Corporation (NYSE:EQT) by 31.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,301 shares of the oil and gas producer’s stock after buying an additional 1,273 shares during the period. Geneos Wealth Management Inc.’s holdings in EQT were worth $283,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in EQT. Zions Bancorporation National Association UT purchased a new stake in shares of EQT in the first quarter valued at about $35,000. Harbour Investments Inc. boosted its holdings in EQT by 48.4% in the 1st quarter. Harbour Investments Inc. now owns 693 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 226 shares during the last quarter. University of Texas Texas AM Investment Management Co. grew its stake in shares of EQT by 47.7% in the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer’s stock valued at $44,000 after buying an additional 310 shares during the period. Mascagni Wealth Management Inc. acquired a new stake in shares of EQT during the 4th quarter worth approximately $55,000. Finally, Capital A Wealth Management LLC acquired a new stake in shares of EQT during the 4th quarter worth approximately $72,000. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

EQT Trading Down 1.8%

NYSE EQT opened at $50.04 on Tuesday. The firm’s fifty day moving average is $52.82 and its two-hundred day moving average is $53.14. EQT Corporation has a one year low of $32.88 and a one year high of $61.02. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market cap of $31.23 billion, a PE ratio of 27.05, a P/E/G ratio of 0.41 and a beta of 0.58.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, July 22nd. The oil and gas producer reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.07). EQT had a return on equity of 6.24% and a net margin of 15.87%.The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the prior year, the business earned ($0.08) EPS. Analysts expect that EQT Corporation will post 3.27 earnings per share for the current year.

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 6th were given a $0.1575 dividend. The ex-dividend date was Wednesday, August 6th. This represents a $0.63 dividend on an annualized basis and a yield of 1.3%. EQT’s dividend payout ratio (DPR) is presently 34.05%.

Insider Transactions at EQT

In other EQT news, EVP Sarah Fenton sold 12,438 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $51.94, for a total transaction of $646,029.72. Following the transaction, the executive vice president owned 13,297 shares in the company, valued at approximately $690,646.18. The trade was a 48.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Vicky A. Bailey sold 4,259 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $51.56, for a total value of $219,594.04. The disclosure for this sale can be found here. 0.65% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on EQT. Barclays increased their price objective on EQT from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Melius Research began coverage on EQT in a report on Wednesday, August 20th. They set a “buy” rating and a $64.00 price target for the company. Melius assumed coverage on EQT in a research report on Wednesday, August 20th. They set a “buy” rating and a $64.00 price objective for the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $70.00 target price (up previously from $60.00) on shares of EQT in a research report on Tuesday, July 8th. Finally, Piper Sandler increased their target price on shares of EQT from $48.00 to $49.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Fifteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, EQT presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.14.

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.