EQT Corporation $EQT Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in EQT Corporation (NYSE:EQT) by 78.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 157,602 shares of the oil and gas producer’s stock after selling 578,334 shares during the period. SG Americas Securities LLC’s holdings in EQT were worth $8,578,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC acquired a new position in EQT in the second quarter valued at approximately $41,000. Anchor Investment Management LLC lifted its stake in shares of EQT by 133.3% in the 2nd quarter. Anchor Investment Management LLC now owns 875 shares of the oil and gas producer’s stock valued at $51,000 after purchasing an additional 500 shares during the last quarter. Private Trust Co. NA lifted its stake in shares of EQT by 38.1% in the 2nd quarter. Private Trust Co. NA now owns 1,026 shares of the oil and gas producer’s stock valued at $60,000 after purchasing an additional 283 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of EQT during the 2nd quarter worth $110,000. Finally, AdvisorNet Financial Inc increased its position in shares of EQT by 479.5% during the 2nd quarter. AdvisorNet Financial Inc now owns 2,179 shares of the oil and gas producer’s stock worth $127,000 after purchasing an additional 1,803 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

EQT Stock Down 2.1%

Shares of EQT opened at $51.08 on Friday. The company’s 50-day simple moving average is $56.55 and its 200-day simple moving average is $54.61. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.58 and a current ratio of 0.58. EQT Corporation has a 1 year low of $43.57 and a 1 year high of $62.23. The stock has a market capitalization of $31.88 billion, a PE ratio of 17.49, a P/E/G ratio of 0.29 and a beta of 0.68.

EQT (NYSE:EQT) last announced its earnings results on Tuesday, October 21st. The oil and gas producer reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.02. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.78 billion. EQT had a net margin of 22.59% and a return on equity of 6.88%. The firm’s revenue for the quarter was up 52.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 EPS. Analysts forecast that EQT Corporation will post 3.27 earnings per share for the current fiscal year.

EQT Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Wednesday, November 5th were given a dividend of $0.165 per share. This is an increase from EQT’s previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, November 5th. EQT’s dividend payout ratio is currently 22.60%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Piper Sandler upped their target price on shares of EQT from $49.00 to $50.00 and gave the company a “neutral” rating in a research report on Tuesday, November 18th. Weiss Ratings reissued a “buy (b-)” rating on shares of EQT in a research note on Monday, December 29th. William Blair started coverage on shares of EQT in a report on Tuesday, October 14th. They issued an “outperform” rating on the stock. BMO Capital Markets lifted their target price on shares of EQT from $60.00 to $65.00 in a report on Tuesday, November 11th. Finally, Scotiabank cut their target price on EQT from $70.00 to $67.00 and set a “sector perform” rating on the stock in a research report on Friday, November 21st. Nineteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $64.65.

Insider Activity

In related news, EVP J.E.B. Bolen sold 1,422 shares of EQT stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $52.79, for a total value of $75,067.38. Following the completion of the transaction, the executive vice president directly owned 69,486 shares in the company, valued at approximately $3,668,165.94. This trade represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.65% of the company’s stock.

EQT Company Profile

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.