EQT Co. (NYSE:EQT) Shares Sold by Harvest Investment Services LLC

Harvest Investment Services LLC lessened its stake in shares of EQT Co. (NYSE:EQTFree Report) by 14.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 59,638 shares of the oil and gas producer’s stock after selling 9,947 shares during the quarter. EQT comprises about 1.1% of Harvest Investment Services LLC’s investment portfolio, making the stock its 19th biggest position. Harvest Investment Services LLC’s holdings in EQT were worth $2,306,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Huntington National Bank raised its position in shares of EQT by 20.0% in the 3rd quarter. Huntington National Bank now owns 1,792 shares of the oil and gas producer’s stock worth $73,000 after buying an additional 299 shares during the period. UniSuper Management Pty Ltd raised its position in shares of EQT by 13.0% in the 3rd quarter. UniSuper Management Pty Ltd now owns 2,600 shares of the oil and gas producer’s stock worth $106,000 after buying an additional 300 shares during the period. Perigon Wealth Management LLC raised its position in shares of EQT by 2.1% in the 4th quarter. Perigon Wealth Management LLC now owns 14,471 shares of the oil and gas producer’s stock worth $559,000 after buying an additional 303 shares during the period. Arizona State Retirement System raised its position in shares of EQT by 0.3% in the 3rd quarter. Arizona State Retirement System now owns 98,663 shares of the oil and gas producer’s stock worth $4,004,000 after buying an additional 318 shares during the period. Finally, New York Life Investment Management LLC raised its position in shares of EQT by 0.7% in the 3rd quarter. New York Life Investment Management LLC now owns 51,797 shares of the oil and gas producer’s stock worth $2,102,000 after buying an additional 343 shares during the period. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EQT. TD Cowen began coverage on EQT in a report on Friday, April 19th. They issued a “hold” rating and a $43.00 price target for the company. StockNews.com upgraded EQT to a “sell” rating in a report on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $46.00 price target on shares of EQT in a report on Tuesday, March 5th. Sanford C. Bernstein upgraded EQT from an “underperform” rating to a “market perform” rating and increased their price target for the company from $27.00 to $34.00 in a report on Wednesday, April 10th. Finally, Mizuho increased their price target on EQT from $43.00 to $45.00 and gave the company a “neutral” rating in a report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, EQT has an average rating of “Hold” and an average price target of $44.94.

Check Out Our Latest Stock Analysis on EQT

EQT Stock Down 0.2 %

NYSE:EQT traded down $0.10 during mid-day trading on Friday, reaching $41.10. The stock had a trading volume of 9,974,872 shares, compared to its average volume of 6,508,896. The company has a market capitalization of $18.15 billion, a price-to-earnings ratio of 29.78 and a beta of 1.09. EQT Co. has a 1-year low of $32.07 and a 1-year high of $45.23. The stock’s 50 day simple moving average is $38.83 and its two-hundred day simple moving average is $37.65. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.88 and a quick ratio of 0.88.

EQT (NYSE:EQTGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The oil and gas producer reported $0.82 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 4.57% and a net margin of 10.96%. The company’s revenue for the quarter was down 28.8% compared to the same quarter last year. During the same period last year, the firm earned $1.70 earnings per share. Equities analysts anticipate that EQT Co. will post 1.03 EPS for the current year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 8th will be issued a $0.1575 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.63 dividend on an annualized basis and a yield of 1.53%. EQT’s dividend payout ratio is currently 45.65%.

Insiders Place Their Bets

In other EQT news, EVP William E. Jordan sold 35,000 shares of the firm’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 transaction, the executive vice president now owns 456,837 shares of the company’s stock, valued at $18,602,402.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other EQT news, EVP William E. Jordan sold 35,000 shares of the firm’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 transaction, the executive vice president now owns 456,837 shares of the company’s stock, valued at $18,602,402.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lesley Evancho sold 46,884 shares of EQT stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $41.29, for a total value of $1,935,840.36. Following the sale, the insider now directly owns 160,884 shares in the company, valued at approximately $6,642,900.36. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by corporate insiders.

About EQT

(Free Report)

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.

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Institutional Ownership by Quarter for EQT (NYSE:EQT)

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