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Are EQT Corporation (EQT)’s Recent Ownership and Insider Trends a Sign of Things to Come?

Recent insider trends for EQT Corporation (NYSE:EQT) have caught the attention of investors. Analysts study insider data to get a sense of sense of what key shareholders think about the outlook for a particular stock. In the case of EQT, the data has some interesting implications for where the stock might be headed.

Institutions own 102.34% of EQT Corporation (EQT)’s shares. The total value of these holdings, in millions, is $11,195. Among active positions in the latest quarter, 208 holders increased their positions by a total of 29.77 million shares, 232 holders decreased the positions by a total of 11.02 million shares, and 92 holders held their positions. This works out to a net increase in ownership of 18.76 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 53 holders initiated new positions by a total of 12.11 million shares and 58 holders exited their positions by a total of 3.16 million shares. This nets out to an increase of 8.95 million shares and is a bullish sign for EQT.

In the last three months, insiders executed a total of 8 trades. 8 of these were buys and 0 were sells. Insider ownership increased by a total of 101941 shares, which suggests that EQT’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 24 buys and 12 sells, and ownership increased by a net of 184661 shares.



Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. EQT Corporation (NYSE:EQT)’s short interest is 31.67 million shares, or 18.44% of the float. This represents an increase of 5% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

Given what the insider ownership patterns are saying, it makes sense to consider the technicals to see if these pieces of information reach the same conclusion about the outlook for EQT. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that EQT is a Strong buy, which implies that EQT is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that EQT Corporation (NYSE:EQT) is undervalued.

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