13,639 Shares in EQT Corporation $EQT Bought by Fiduciary Alliance LLC

Fiduciary Alliance LLC acquired a new position in shares of EQT Corporation (NYSE:EQT) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,639 shares of the oil and gas producer’s stock, valued at approximately $868,000.

Several other institutional investors also recently modified their holdings of EQT. Greykasell Wealth Strategies Inc. bought a new position in EQT in the 4th quarter worth about $26,000. Aventura Private Wealth LLC bought a new position in shares of EQT in the 4th quarter worth about $31,000. Fortitude Family Office LLC lifted its stake in shares of EQT by 95.6% in the fourth quarter. Fortitude Family Office LLC now owns 573 shares of the oil and gas producer’s stock worth $31,000 after buying an additional 280 shares in the last quarter. Elyxium Wealth LLC bought a new stake in shares of EQT during the 4th quarter valued at about $49,000. Finally, Sound Income Strategies LLC boosted its stake in shares of EQT by 186.4% during the 4th quarter. Sound Income Strategies LLC now owns 1,266 shares of the oil and gas producer’s stock worth $64,000 after acquiring an additional 824 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

Insider Transactions at EQT

In other news, Director Vicky A. Bailey sold 4,116 shares of the company’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $59.80, for a total transaction of $246,136.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Toby Z. Rice sold 1,731 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $53.46, for a total value of $92,539.26. Following the transaction, the chief executive officer directly owned 2,333,193 shares in the company, valued at approximately $124,732,497.78. The trade was a 0.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 102,830 shares of company stock worth $5,602,913. 0.72% of the stock is owned by corporate insiders.

EQT Stock Up 2.0%

Shares of EQT opened at $52.68 on Friday. The firm has a fifty day moving average price of $55.47 and a 200-day moving average price of $56.99. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $32.95 billion, a P/E ratio of 10.00 and a beta of 0.55. EQT Corporation has a 12-month low of $48.47 and a 12-month high of $68.24.

EQT (NYSE:EQT) last announced its quarterly earnings results on Tuesday, April 21st. The oil and gas producer reported $2.33 EPS for the quarter, beating 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 analyst estimates of $3.14 billion. During the same quarter last year, the firm posted $1.18 earnings per share. Equities research analysts expect that EQT Corporation will post 4.52 earnings per share for the current year.

EQT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Wednesday, May 6th were issued a $0.165 dividend. The ex-dividend date was Wednesday, May 6th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.3%. EQT’s dividend payout ratio (DPR) is currently 12.52%.

Wall Street Analyst Weigh In

A number of brokerages have commented on EQT. Weiss Ratings cut EQT from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Piper Sandler boosted their target price on shares of EQT from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Wells Fargo & Company increased their price objective on shares of EQT from $70.00 to $79.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. The Goldman Sachs Group cut their target price on shares of EQT from $68.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Finally, Barclays lifted their price objective on shares of EQT from $67.00 to $69.00 and gave the stock an “overweight” rating in a research note on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, EQT has an average rating of “Moderate Buy” and a consensus price target of $68.29.

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.