EQT Co. (NYSE:EQT) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP reduced its position in shares of EQT Co. (NYSE:EQT) by 7.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 623,751 shares of the oil and gas producer’s stock after selling 52,924 shares during the period. Bridgewater Associates LP owned 0.15% of EQT worth $24,114,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Huntington National Bank increased its position in EQT by 20.0% during the third quarter. Huntington National Bank now owns 1,792 shares of the oil and gas producer’s stock worth $73,000 after purchasing an additional 299 shares during the last quarter. UniSuper Management Pty Ltd increased its position in shares of EQT by 13.0% during the third quarter. UniSuper Management Pty Ltd now owns 2,600 shares of the oil and gas producer’s stock valued at $106,000 after acquiring an additional 300 shares during the last quarter. Perigon Wealth Management LLC increased 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 valued at $559,000 after acquiring an additional 303 shares during the last quarter. Connectus Wealth LLC increased its position in shares of EQT by 2.3% during the fourth quarter. Connectus Wealth LLC now owns 23,188 shares of the oil and gas producer’s stock valued at $896,000 after acquiring an additional 514 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of EQT by 52.6% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,563 shares of the oil and gas producer’s stock valued at $60,000 after acquiring an additional 539 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group lifted their price target on shares of EQT from $43.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. BMO Capital Markets lifted their price target on shares of EQT from $40.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, May 13th. Scotiabank lifted their price target on shares of EQT from $52.00 to $54.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 9th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $37.00 price target (down from $39.00) on shares of EQT in a research report on Wednesday, March 20th. Finally, Mizuho lifted their price target on shares of EQT from $43.00 to $45.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, EQT presently has an average rating of “Hold” and a consensus price target of $45.24.

EQT Stock Down 0.6 %

EQT stock traded down $0.25 during trading on Tuesday, reaching $40.88. The stock had a trading volume of 365,416 shares, compared to its average volume of 6,395,984. EQT Co. has a 52-week low of $32.07 and a 52-week high of $45.23. The business has a 50 day moving average price of $39.38 and a 200 day moving average price of $37.64. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.32. The stock has a market cap of $18.05 billion, a PE ratio of 29.80 and a beta of 1.06.

EQT (NYSE:EQT) last issued its quarterly earnings data 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. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.58 billion. EQT had a net margin of 10.96% and a return on equity of 4.57%. The company’s revenue was down 28.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.70 EPS. On average, analysts predict that EQT Co. will post 1.03 EPS for the current year.

EQT Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Tuesday, May 7th. This represents a $0.63 annualized dividend and a dividend yield of 1.54%. EQT’s dividend payout ratio is presently 45.65%.

Insider Transactions at EQT

In other news, EVP William E. Jordan sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $40.72, for a total transaction of $1,425,200.00. Following the completion of the sale, the executive vice president now owns 456,837 shares in the company, valued at approximately $18,602,402.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Lesley Evancho sold 46,884 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $41.29, for a total transaction of $1,935,840.36. Following the completion of the sale, the insider now owns 160,884 shares in the company, valued at approximately $6,642,900.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP William E. Jordan sold 35,000 shares of the stock in a transaction on 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 disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

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.