EQT Co. (NYSE:EQT) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in EQT Co. (NYSE:EQT) by 50.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 5,332 shares of the oil and gas producer’s stock after purchasing an additional 1,783 shares during the period. GAMMA Investing LLC’s holdings in EQT were worth $197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in EQT. Park Avenue Securities LLC increased its holdings in shares of EQT by 3.8% in the 1st quarter. Park Avenue Securities LLC now owns 8,153 shares of the oil and gas producer’s stock worth $302,000 after acquiring an additional 300 shares during the period. Perigon Wealth Management LLC boosted its position in shares of EQT by 2.1% during the fourth quarter. Perigon Wealth Management LLC now owns 14,471 shares of the oil and gas producer’s stock worth $559,000 after buying an additional 303 shares during the period. Czech National Bank grew its holdings in EQT by 0.5% in the 1st quarter. Czech National Bank now owns 72,374 shares of the oil and gas producer’s stock worth $2,683,000 after buying an additional 332 shares in the last quarter. Motley Fool Asset Management LLC increased its position in EQT by 5.1% in the 1st quarter. Motley Fool Asset Management LLC now owns 6,861 shares of the oil and gas producer’s stock valued at $254,000 after acquiring an additional 336 shares during the period. Finally, Hancock Whitney Corp raised its stake in EQT by 3.0% during the 1st quarter. Hancock Whitney Corp now owns 14,603 shares of the oil and gas producer’s stock valued at $541,000 after acquiring an additional 419 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors.

Insider Activity at EQT

In other EQT news, insider Lesley Evancho sold 46,884 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $41.29, for a total value of $1,935,840.36. Following the sale, the insider now owns 160,884 shares of the company’s stock, valued at approximately $6,642,900.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Lesley Evancho sold 46,884 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider now directly owns 160,884 shares in the company, valued at $6,642,900.36. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP William E. Jordan sold 35,000 shares of the business’s stock in a transaction on 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 sale, the executive vice president now owns 456,837 shares of the company’s stock, valued at approximately $18,602,402.64. The disclosure for this sale can be found here. Corporate insiders own 0.63% of the company’s stock.

Wall Street Analysts Forecast Growth

EQT has been the subject of a number of recent analyst reports. Stephens decreased their target price on shares of EQT from $47.00 to $46.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Wells Fargo & Company downgraded EQT from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $48.00 to $37.00 in a research report on Wednesday, April 17th. Wolfe Research began coverage on EQT in a research report on Thursday, July 18th. They set an “outperform” rating and a $51.00 price target on the stock. Sanford C. Bernstein raised EQT from an “underperform” rating to a “market perform” rating and raised their target price for the company from $27.00 to $34.00 in a research note on Wednesday, April 10th. Finally, Jefferies Financial Group lifted their target price on EQT from $43.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.50.

EQT Stock Up 2.9 %

NYSE EQT traded up $0.88 during trading on Tuesday, reaching $31.09. 3,900,581 shares of the company’s stock were exchanged, compared to its average volume of 7,167,057. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $45.23. The company’s fifty day simple moving average is $37.41 and its 200-day simple moving average is $37.14. The firm has a market capitalization of $13.73 billion, a PE ratio of 22.32 and a beta of 1.12.

EQT (NYSE:EQT) last announced its quarterly earnings data on Tuesday, July 23rd. The oil and gas producer reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.12. EQT had a net margin of 12.45% and a return on equity of 4.52%. The firm had revenue of $952.51 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm posted ($0.17) earnings per share. The firm’s revenue was down 6.5% on a year-over-year basis. Sell-side analysts predict that EQT Co. will post 1.4 EPS for the current year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be given a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 2.03%. The ex-dividend date is Wednesday, August 7th. EQT’s dividend payout ratio is currently 45.65%.

EQT Company 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.