Steph & Co. Has $330,000 Stake in EQT Corporation $EQT

Steph & Co. trimmed its position in EQT Corporation (NYSE:EQT) by 19.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,660 shares of the oil and gas producer’s stock after selling 1,330 shares during the quarter. Steph & Co.’s holdings in EQT were worth $330,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of EQT. Zions Bancorporation National Association UT bought a new position in shares of EQT during the first quarter valued at $35,000. Harbour Investments Inc. lifted its holdings in shares of EQT by 48.4% during the first quarter. Harbour Investments Inc. now owns 693 shares of the oil and gas producer’s stock valued at $37,000 after acquiring an additional 226 shares during the period. Mascagni Wealth Management Inc. acquired a new stake in shares of EQT in the fourth quarter valued at $55,000. Hazlett Burt & Watson Inc. raised its holdings in shares of EQT by 197.4% in the first quarter. Hazlett Burt & Watson Inc. now owns 1,383 shares of the oil and gas producer’s stock valued at $73,000 after buying an additional 918 shares during the last quarter. Finally, Montag A & Associates Inc. bought a new position in shares of EQT in the first quarter valued at about $77,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at EQT

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EQT. BMO Capital Markets cut their price target on EQT from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Monday. Mizuho lowered their price objective on EQT from $66.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. Melius Research began coverage on EQT in a research report on Wednesday, August 20th. They issued a “buy” rating and a $64.00 price objective for the company. Piper Sandler lifted their price objective on EQT from $48.00 to $49.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Finally, Royal Bank Of Canada lifted their price objective on EQT from $55.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 8th. Fifteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.95.

EQT Trading Up 1.7%

NYSE:EQT opened at $53.97 on Friday. EQT Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $61.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market capitalization of $33.68 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 0.43 and a beta of 0.58. The business’s 50-day simple moving average is $51.87 and its 200-day simple moving average is $53.21.

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

EQT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 6th were paid a $0.1575 dividend. The ex-dividend date was Wednesday, August 6th. This represents a $0.63 annualized dividend and a yield of 1.2%. EQT’s payout ratio is presently 34.05%.

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.