Canada Post Corp Registered Pension Plan Reduces Holdings in EQT Corporation $EQT

Canada Post Corp Registered Pension Plan decreased its position in EQT Corporation (NYSE:EQT) by 16.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 72,818 shares of the oil and gas producer’s stock after selling 14,811 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in EQT were worth $3,903,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Aventura Private Wealth LLC purchased a new stake in shares of EQT in the 4th quarter valued at approximately $31,000. Fortitude Family Office LLC grew its stake in shares of EQT by 95.6% in the 4th quarter. Fortitude Family Office LLC now owns 573 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 280 shares during the period. Sound Income Strategies LLC grew its stake in shares of EQT by 186.4% in the 4th quarter. Sound Income Strategies LLC now owns 1,266 shares of the oil and gas producer’s stock valued at $64,000 after buying an additional 824 shares during the period. City Holding Co. grew its stake in shares of EQT by 1,708.5% in the 4th quarter. City Holding Co. now owns 1,483 shares of the oil and gas producer’s stock valued at $79,000 after buying an additional 1,401 shares during the period. Finally, Sunbelt Securities Inc. purchased a new position in shares of EQT during the 3rd quarter worth approximately $114,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Insider Activity

In other news, Director Vicky A. Bailey sold 4,116 shares of the firm’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $59.80, for a total value of $246,136.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Lesley Evancho sold 20,000 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $60.69, for a total transaction of $1,213,800.00. Following the completion of the sale, the insider owned 184,607 shares in the company, valued at $11,203,798.83. The trade was a 9.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 65,274 shares of company stock valued at $3,989,120 over the last quarter. Company insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on EQT. The Goldman Sachs Group lowered their price objective on shares of EQT from $68.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Piper Sandler increased their price objective on shares of EQT from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Roth Mkm reaffirmed a “neutral” rating on shares of EQT in a research report on Tuesday, April 14th. Scotiabank lowered their price objective on shares of EQT from $67.00 to $63.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 21st. Finally, Capital One Financial increased their price objective on shares of EQT from $64.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $68.83.

EQT Stock Performance

Shares of EQT stock opened at $56.16 on Monday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.19. EQT Corporation has a 52 week low of $48.47 and a 52 week high of $68.24. The stock has a market capitalization of $35.12 billion, a PE ratio of 10.66 and a beta of 0.59. The firm has a 50 day moving average of $60.55 and a two-hundred day moving average of $57.80.

EQT (NYSE:EQT) last announced its quarterly earnings data on Tuesday, April 21st. The oil and gas producer reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.32. EQT had a net margin of 31.94% and a return on equity of 9.74%. The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same period last year, the business earned $1.18 EPS. On average, research analysts predict that EQT Corporation will post 4.69 EPS for the current fiscal year.

EQT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 6th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, May 6th. EQT’s dividend payout ratio (DPR) is presently 12.52%.

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.