EQT Corporation $EQT Shares Acquired by Whittier Trust Co.

Whittier Trust Co. grew its position in EQT Corporation (NYSE:EQT) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 302,900 shares of the oil and gas producer’s stock after purchasing an additional 7,647 shares during the period. Whittier Trust Co.’s holdings in EQT were worth $17,662,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wedbush Securities Inc. acquired a new position in shares of EQT in the 1st quarter valued at about $216,000. Allianz Asset Management GmbH lifted its stake in shares of EQT by 36.3% in the 1st quarter. Allianz Asset Management GmbH now owns 205,679 shares of the oil and gas producer’s stock valued at $10,989,000 after purchasing an additional 54,779 shares in the last quarter. Kingsman Wealth Management Inc. acquired a new position in shares of EQT in the 1st quarter valued at about $1,284,000. Axxcess Wealth Management LLC lifted its stake in shares of EQT by 7.0% in the 1st quarter. Axxcess Wealth Management LLC now owns 6,661 shares of the oil and gas producer’s stock valued at $356,000 after purchasing an additional 434 shares in the last quarter. Finally, Philadelphia Trust Co. lifted its stake in shares of EQT by 665.8% in the 1st quarter. Philadelphia Trust Co. now owns 54,371 shares of the oil and gas producer’s stock valued at $2,905,000 after purchasing an additional 47,271 shares in the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at EQT

In other 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 value of $646,029.72. Following the completion of the sale, the executive vice president directly owned 13,297 shares in the company, valued at approximately $690,646.18. The trade was a 48.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Vicky A. Bailey sold 4,259 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The shares were 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 insiders.

EQT Price Performance

EQT stock opened at $56.42 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.32. EQT Corporation has a 52-week low of $35.44 and a 52-week high of $61.02. The stock’s 50 day moving average is $52.59 and its two-hundred day moving average is $53.58. The company has a market capitalization of $35.21 billion, a PE ratio of 30.50, a P/E/G ratio of 0.45 and a beta of 0.50.

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

EQT Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 5th will be issued a dividend of $0.165 per share. The ex-dividend date is Wednesday, November 5th. This represents a $0.66 annualized dividend and a yield of 1.2%. This is a boost from EQT’s previous quarterly dividend of $0.16. EQT’s dividend payout ratio (DPR) is presently 35.68%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on EQT shares. JPMorgan Chase & Co. reduced their price objective on EQT from $64.00 to $62.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 30th. The Goldman Sachs Group reduced their price target on EQT from $68.00 to $66.00 and set a “buy” rating on the stock in a research report on Wednesday, October 15th. Wolfe Research boosted their price target on EQT from $71.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Scotiabank boosted their price target on EQT from $68.00 to $70.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. Finally, UBS Group boosted their price target on EQT from $65.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday. Eighteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.39.

About EQT

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.