UniSuper Management Pty Ltd Raises Stock Position in EQT Co. (NYSE:EQT)

UniSuper Management Pty Ltd boosted its holdings in shares of EQT Co. (NYSE:EQT) by 563.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 29,102 shares of the oil and gas producer’s stock after purchasing an additional 24,713 shares during the quarter. UniSuper Management Pty Ltd’s holdings in EQT were worth $1,079,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of EQT. Private Wealth Management Group LLC acquired a new position in shares of EQT during the fourth quarter valued at approximately $30,000. BKM Wealth Management LLC acquired a new stake in EQT during the 4th quarter worth about $40,000. Principal Securities Inc. acquired a new position in EQT in the 4th quarter worth approximately $51,000. CX Institutional purchased a new position in shares of EQT during the fourth quarter valued at $64,000. Finally, First United Bank & Trust purchased a new stake in shares of EQT in the fourth quarter worth approximately $69,000. Institutional investors own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EQT. 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 upped their price target on shares of EQT from $40.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, May 13th. Scotiabank boosted their price target on EQT from $54.00 to $55.00 and gave the company a “sector outperform” rating in a research note on Friday, July 12th. Sanford C. Bernstein raised shares of EQT from an “underperform” rating to a “market perform” rating and lifted their target price for the stock from $27.00 to $34.00 in a research note on Wednesday, April 10th. Finally, TD Cowen initiated coverage on EQT in a research report on Friday, April 19th. They set a “hold” rating and a $43.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.72.

EQT Stock Up 0.1 %

NYSE EQT traded up $0.05 on Wednesday, reaching $35.10. The company had a trading volume of 15,266,462 shares, compared to its average volume of 7,109,386. 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 50-day moving average of $38.70 and a 200-day moving average of $37.36. The firm has a market capitalization of $15.50 billion, a PE ratio of 25.68 and a beta of 1.12. EQT Co. has a 1 year low of $32.07 and a 1 year high of $45.23.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.12. EQT had a net margin of 10.96% and a return on equity of 4.57%. The business had revenue of $952.51 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company earned ($0.17) earnings per share. The business’s quarterly revenue was down 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that EQT Co. will post 1.32 EPS for the current fiscal year.

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Wednesday, August 7th. EQT’s dividend payout ratio is presently 45.65%.

Insider Transactions at EQT

In other EQT news, insider Lesley Evancho sold 46,884 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 160,884 shares of the company’s stock, valued at approximately $6,642,900.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Lesley Evancho sold 46,884 shares of EQT stock in a transaction 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 $6,642,900.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William E. Jordan sold 35,000 shares of the business’s stock in a transaction dated 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 approximately $18,602,402.64. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

EQT 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.