L & S Advisors Inc Has $3.34 Million Stock Position in EQT Corporation $EQT

L & S Advisors Inc lessened its holdings in shares of EQT Corporation (NYSE:EQT) by 52.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,270 shares of the oil and gas producer’s stock after selling 62,102 shares during the quarter. L & S Advisors Inc’s holdings in EQT were worth $3,340,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EQT. Cerity Partners LLC raised its position in shares of EQT by 85.9% during the first quarter. Cerity Partners LLC now owns 64,224 shares of the oil and gas producer’s stock worth $3,432,000 after purchasing an additional 29,685 shares during the period. CWM LLC increased its stake in EQT by 194.9% during the 1st quarter. CWM LLC now owns 41,368 shares of the oil and gas producer’s stock worth $2,210,000 after purchasing an additional 27,342 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in EQT by 18.0% during the 1st quarter. Apollon Wealth Management LLC now owns 7,732 shares of the oil and gas producer’s stock worth $413,000 after buying an additional 1,179 shares during the period. Wealthfront Advisers LLC lifted its stake in EQT by 23.0% in the first quarter. Wealthfront Advisers LLC now owns 43,591 shares of the oil and gas producer’s stock valued at $2,329,000 after buying an additional 8,147 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of EQT by 14.1% in the first quarter. Larson Financial Group LLC now owns 1,582 shares of the oil and gas producer’s stock valued at $85,000 after buying an additional 196 shares during the period. 90.81% of the stock is owned by institutional investors and hedge funds.

EQT Price Performance

Shares of EQT opened at $60.33 on Friday. The firm has a market capitalization of $37.65 billion, a PE ratio of 20.66, a PEG ratio of 0.44 and a beta of 0.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.58 and a quick ratio of 0.58. The company’s 50-day moving average is $54.02 and its 200-day moving average is $54.36. EQT Corporation has a fifty-two week low of $42.27 and a fifty-two week high of $61.26.

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

EQT Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 5th will be paid a $0.165 dividend. This is a boost from EQT’s previous quarterly dividend of $0.16. The ex-dividend date is Wednesday, November 5th. This represents a $0.66 annualized dividend and a yield of 1.1%. EQT’s dividend payout ratio is presently 22.60%.

Wall Street Analysts Forecast Growth

EQT has been the topic of several research reports. Melius Research assumed coverage on shares of EQT in a research report on Wednesday, August 20th. They issued a “buy” rating and a $64.00 price objective on the stock. Citigroup boosted their price target on EQT from $60.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Roth Capital lowered EQT from a “strong-buy” rating to a “neutral” rating and dropped their target price for the company from $75.00 to $57.00 in a research report on Monday, August 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of EQT in a research note on Tuesday. Finally, Wells Fargo & Company lowered their price target on EQT from $68.00 to $66.00 and set an “overweight” rating on the stock in a research report on Thursday, October 23rd. Eighteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $63.52.

Insider Buying and Selling at EQT

In other news, EVP J.E.B. Bolen sold 1,422 shares of the business’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $52.79, for a total value of $75,067.38. Following the completion of the sale, the executive vice president owned 69,486 shares of the company’s stock, valued at approximately $3,668,165.94. The trade was a 2.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.65% of the company’s stock.

EQT Company Profile

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.