EQT Co. (NYSE:EQT) Shares Bought by SteelPeak Wealth LLC

SteelPeak Wealth LLC raised its stake in EQT Co. (NYSE:EQT) by 116.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,527 shares of the oil and gas producer’s stock after acquiring an additional 30,927 shares during the quarter. SteelPeak Wealth LLC’s holdings in EQT were worth $2,133,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Private Wealth Management Group LLC acquired a new position in EQT in the fourth quarter valued at approximately $30,000. BKM Wealth Management LLC acquired a new position in shares of EQT during the 4th quarter worth approximately $40,000. Principal Securities Inc. acquired a new position in shares of EQT during the 4th quarter worth approximately $51,000. Massmutual Trust Co. FSB ADV raised its stake in shares of EQT by 52.6% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,563 shares of the oil and gas producer’s stock worth $60,000 after buying an additional 539 shares during the period. Finally, CX Institutional acquired a new position in shares of EQT during the 4th quarter worth approximately $64,000. 90.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at EQT

In other news, EVP William E. Jordan sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $40.72, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Lesley Evancho sold 46,884 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $41.29, for a total transaction of $1,935,840.36. Following the transaction, the insider now owns 160,884 shares in the company, valued at approximately $6,642,900.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP William E. Jordan sold 35,000 shares of EQT stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $40.72, for a total value of $1,425,200.00. Following the completion of the transaction, the executive vice president now owns 456,837 shares in the company, valued at $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 Analyst Weigh In

Several research analysts recently commented on the company. Wells Fargo & Company downgraded EQT from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $48.00 to $37.00 in a research note on Wednesday, April 17th. Stephens increased their price target on EQT from $46.00 to $47.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $37.00 price target (down from $39.00) on shares of EQT in a report on Wednesday, March 20th. BMO Capital Markets raised their target price on EQT from $40.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, May 13th. Finally, StockNews.com upgraded EQT to a “sell” rating in a report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, EQT currently has a consensus rating of “Hold” and an average price target of $45.24.

EQT Price Performance

EQT stock opened at $36.98 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $16.33 billion, a P/E ratio of 26.80 and a beta of 1.12. The business’s 50-day moving average is $39.87 and its two-hundred day moving average is $37.65. EQT Co. has a 1 year low of $32.07 and a 1 year high of $45.23.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, April 23rd. The oil and gas producer reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.17. EQT had a return on equity of 4.57% and a net margin of 10.96%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the company earned $1.70 EPS. The business’s quarterly revenue was down 28.8% on a year-over-year basis. Analysts anticipate that EQT Co. will post 1.05 earnings per share for the current fiscal year.

EQT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Wednesday, May 8th were given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Tuesday, May 7th. EQT’s dividend payout ratio (DPR) is presently 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.