U.S. Capital Wealth Advisors LLC Increases Position in EQT Co. (NYSE:EQT)

U.S. Capital Wealth Advisors LLC lifted its position in shares of EQT Co. (NYSE:EQT) by 4.0% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 89,936 shares of the oil and gas producer’s stock after buying an additional 3,489 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in EQT were worth $3,326,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EQT. Private Wealth Management Group LLC purchased a new stake in EQT during the 4th quarter valued at approximately $30,000. Principal Securities Inc. purchased a new position in EQT during the fourth quarter valued at $51,000. EntryPoint Capital LLC bought a new stake in EQT in the 1st quarter valued at $54,000. Massmutual Trust Co. FSB ADV lifted its stake in EQT by 40.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,498 shares of the oil and gas producer’s stock worth $55,000 after purchasing an additional 434 shares in the last quarter. Finally, First United Bank & Trust bought a new position in shares of EQT during the 4th quarter valued at about $69,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Insider Buying and Selling at EQT

In other news, EVP William E. Jordan sold 35,000 shares of the business’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $40.72, for a total value of $1,425,200.00. Following the completion of the transaction, the executive vice president now directly owns 456,837 shares of the company’s stock, valued at approximately $18,602,402.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Lesley Evancho sold 46,884 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $41.29, for a total transaction of $1,935,840.36. Following the completion of the sale, the insider now owns 160,884 shares in the company, valued at approximately $6,642,900.36. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP William E. Jordan sold 35,000 shares of the business’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $40.72, for a total value of $1,425,200.00. Following the transaction, the executive vice president now owns 456,837 shares in the company, valued at $18,602,402.64. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EQT. Stephens reduced their price objective on EQT from $47.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Jefferies Financial Group upped their price objective on EQT from $43.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Scotiabank lifted their target price on EQT from $54.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Friday, July 12th. TD Cowen initiated coverage on EQT in a report on Friday, April 19th. They set a “hold” rating and a $43.00 price target on the stock. Finally, StockNews.com raised shares of EQT to a “sell” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $45.50.

EQT Stock Up 0.5 %

NYSE EQT traded up $0.14 on Friday, reaching $31.10. 5,504,659 shares of the stock traded hands, compared to its average volume of 7,196,334. EQT Co. has a 12 month low of $30.02 and a 12 month high of $45.23. The company has a market cap of $13.73 billion, a price-to-earnings ratio of 22.46 and a beta of 1.12. The company has a fifty day moving average price of $36.78 and a 200-day moving average price of $37.01. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.73 and a current ratio of 0.73.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, July 23rd. The oil and gas producer reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.12. The company had revenue of $952.51 million during the quarter, compared to analyst estimates of $1.06 billion. EQT had a net margin of 12.45% and a return on equity of 4.52%. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.17) earnings per share. As a group, research analysts forecast that EQT Co. will post 1.4 EPS for the current fiscal year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th will be issued a dividend of $0.1575 per share. The ex-dividend date of this dividend is Wednesday, August 7th. This represents a $0.63 dividend on an annualized basis and a yield of 2.03%. EQT’s dividend payout ratio is currently 45.65%.

EQT 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.