EQT Corporation $EQT Shares Acquired by Reaves W H & Co. Inc.

Reaves W H & Co. Inc. lifted its stake in shares of EQT Corporation (NYSE:EQT) by 12.9% during the fourth quarter, Holdings Channel reports. The fund owned 1,161,975 shares of the oil and gas producer’s stock after purchasing an additional 132,741 shares during the quarter. EQT comprises 1.1% of Reaves W H & Co. Inc.’s portfolio, making the stock its 28th biggest holding. Reaves W H & Co. Inc.’s holdings in EQT were worth $62,282,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Westpac Banking Corp boosted its stake in shares of EQT by 6.6% during the third quarter. Westpac Banking Corp now owns 2,671 shares of the oil and gas producer’s stock valued at $145,000 after acquiring an additional 165 shares during the last quarter. Rothschild Investment LLC boosted its stake in shares of EQT by 0.5% during the fourth quarter. Rothschild Investment LLC now owns 46,582 shares of the oil and gas producer’s stock valued at $2,497,000 after acquiring an additional 215 shares during the last quarter. Fortitude Family Office LLC boosted its stake in shares of EQT by 95.6% during the fourth quarter. Fortitude Family Office LLC now owns 573 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 280 shares during the last quarter. Valeo Financial Advisors LLC boosted its stake in shares of EQT by 4.0% during the fourth quarter. Valeo Financial Advisors LLC now owns 11,813 shares of the oil and gas producer’s stock valued at $633,000 after acquiring an additional 456 shares during the last quarter. Finally, Aventura Private Wealth LLC acquired a new stake in shares of EQT during the fourth quarter valued at $31,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

EQT has been the topic of a number of analyst reports. Wolfe Research increased their price objective on EQT from $64.00 to $69.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. JPMorgan Chase & Co. increased their target price on EQT from $68.00 to $72.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 17th. BMO Capital Markets reduced their target price on EQT from $76.00 to $70.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. Evercore increased their target price on EQT from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Finally, TD Cowen increased their target price on EQT from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $68.83.

EQT Stock Performance

NYSE EQT opened at $54.91 on Monday. The business’s 50-day moving average price is $59.31 and its 200 day moving average price is $57.93. EQT Corporation has a twelve month low of $48.47 and a twelve month high of $68.24. The company has a market capitalization of $34.35 billion, a PE ratio of 10.42 and a beta of 0.55. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.19.

EQT (NYSE:EQT) last released its earnings results on Tuesday, April 21st. The oil and gas producer reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.32. EQT had a return on equity of 9.74% and a net margin of 31.94%.The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the prior year, the business posted $1.18 earnings per share. On average, research analysts predict that EQT Corporation will post 4.63 earnings per share for the current year.

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 6th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, May 6th. EQT’s dividend payout ratio (DPR) is 12.52%.

Insider Transactions at EQT

In other news, Director Vicky A. Bailey sold 4,116 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $59.80, for a total value of $246,136.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Sarah Fenton sold 4,876 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $64.49, for a total value of $314,453.24. Following the completion of the transaction, the executive vice president owned 52,953 shares in the company, valued at approximately $3,414,938.97. This trade represents a 8.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 28,992 shares of company stock worth $1,774,390 in the last three months. 0.72% of the stock is currently owned by company insiders.

About EQT

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.