SG Americas Securities LLC lessened its stake in shares of EQT Co. (NYSE:EQT) by 35.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,221 shares of the oil and gas producer’s stock after selling 14,429 shares during the period. SG Americas Securities LLC’s holdings in EQT were worth $544,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in EQT. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of EQT in the 1st quarter valued at $29,000. Clean Yield Group purchased a new stake in shares of EQT in the 4th quarter valued at $34,000. Financial Architects Inc boosted its holdings in shares of EQT by 55.1% in the 4th quarter. Financial Architects Inc now owns 2,131 shares of the oil and gas producer’s stock valued at $40,000 after acquiring an additional 757 shares during the last quarter. JOYN Advisors Inc. boosted its holdings in shares of EQT by 282.1% in the 4th quarter. JOYN Advisors Inc. now owns 3,546 shares of the oil and gas producer’s stock valued at $67,000 after acquiring an additional 2,618 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its holdings in shares of EQT by 287.0% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 4,184 shares of the oil and gas producer’s stock valued at $79,000 after acquiring an additional 3,103 shares during the last quarter. 96.49% of the stock is currently owned by institutional investors.
Several analysts have recently commented on EQT shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a $21.00 price objective on shares of EQT in a report on Tuesday, January 29th. Morgan Stanley set a $10.00 price objective on shares of EQT and gave the company a “sell” rating in a report on Tuesday, January 29th. TD Securities upped their price objective on shares of EQT from $21.00 to $22.00 and gave the company a “hold” rating in a report on Wednesday, February 20th. Cowen started coverage on shares of EQT in a report on Tuesday, April 9th. They issued a “market perform” rating and a $24.00 price objective on the stock. Finally, MKM Partners reaffirmed a “neutral” rating and issued a $23.00 price objective on shares of EQT in a report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $35.27.
EQT (NYSE:EQT) last announced its quarterly earnings results on Thursday, April 25th. The oil and gas producer reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.11. EQT had a negative net margin of 10.17% and a positive return on equity of 4.51%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the firm posted $0.67 earnings per share. The firm’s quarterly revenue was down 12.9% compared to the same quarter last year. On average, research analysts anticipate that EQT Co. will post 1.42 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Tuesday, May 14th. EQT’s dividend payout ratio is presently 7.06%.
In related news, EVP Erin R. Centofanti acquired 7,765 shares of EQT stock in a transaction on Friday, March 29th. The stock was bought at an average cost of $20.83 per share, for a total transaction of $161,744.95. Following the completion of the transaction, the executive vice president now owns 59,594 shares of the company’s stock, valued at approximately $1,241,343.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Donald M. Jenkins acquired 5,750 shares of EQT stock in a transaction on Friday, February 22nd. The shares were bought at an average price of $19.46 per share, with a total value of $111,895.00. Following the completion of the transaction, the executive vice president now directly owns 44,871 shares of the company’s stock, valued at approximately $873,189.66. The disclosure for this purchase can be found here. Insiders have acquired 33,260 shares of company stock valued at $678,211 over the last 90 days. 0.68% of the stock is currently owned by company insiders.
EQT Corporation operates as a natural gas production company in the United States. It produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2018, this segment had 21.8 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 1.4 million gross acres.
Featured Article: Gross Domestic Product (GDP)
Want to see what other hedge funds are holding EQT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for EQT Co. (NYSE:EQT).
Receive News & Ratings for EQT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT and related companies with MarketBeat.com's FREE daily email newsletter.