NBC Securities Inc. Lowers Holdings in EQT Corporation $EQT

NBC Securities Inc. decreased its position in EQT Corporation (NYSE:EQT) by 0.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,620 shares of the oil and gas producer’s stock after selling 292 shares during the period. NBC Securities Inc.’s holdings in EQT were worth $2,952,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of EQT. Captrust Financial Advisors boosted its holdings in shares of EQT by 41.5% in the fourth quarter. Captrust Financial Advisors now owns 12,766 shares of the oil and gas producer’s stock valued at $589,000 after purchasing an additional 3,746 shares during the period. Focus Partners Wealth lifted its holdings in EQT by 29.7% during the fourth quarter. Focus Partners Wealth now owns 19,848 shares of the oil and gas producer’s stock worth $915,000 after buying an additional 4,544 shares during the period. Janus Henderson Group PLC lifted its holdings in EQT by 2.8% during the fourth quarter. Janus Henderson Group PLC now owns 49,785 shares of the oil and gas producer’s stock worth $2,296,000 after buying an additional 1,367 shares during the period. OMERS ADMINISTRATION Corp lifted its holdings in EQT by 29.4% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 17,733 shares of the oil and gas producer’s stock worth $818,000 after buying an additional 4,029 shares during the period. Finally, Nuveen Asset Management LLC lifted its holdings in EQT by 14.6% during the fourth quarter. Nuveen Asset Management LLC now owns 1,530,008 shares of the oil and gas producer’s stock worth $70,549,000 after buying an additional 194,438 shares during the period. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EQT shares. Bank of America upped their target price on EQT from $63.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, August 22nd. Roth Capital lowered EQT from a “strong-buy” rating to a “neutral” rating and lowered their target price for the stock from $75.00 to $57.00 in a report on Monday, August 18th. UBS Group upped their target price on EQT from $64.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Royal Bank Of Canada upped their target price on EQT from $55.00 to $60.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 8th. Finally, Piper Sandler upped their target price on EQT from $48.00 to $49.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Fifteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $62.14.

EQT Stock Performance

Shares of EQT opened at $50.94 on Monday. EQT Corporation has a 12 month low of $32.83 and a 12 month high of $61.02. The stock has a fifty day moving average price of $52.94 and a 200-day moving average price of $53.13. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.32. The firm has a market cap of $31.79 billion, a PE ratio of 27.54, a P/E/G ratio of 0.41 and a beta of 0.58.

EQT (NYSE:EQT) last released its earnings results on Tuesday, July 22nd. The oil and gas producer reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.07). EQT had a net margin of 15.87% and a return on equity of 6.24%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period in the previous year, the company earned ($0.08) earnings per share. Equities research analysts predict that EQT Corporation will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 6th were given a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, August 6th. EQT’s dividend payout ratio is presently 34.05%.

Insider Buying and Selling at EQT

In other EQT news, EVP Sarah Fenton sold 12,438 shares of the stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $51.94, for a total transaction of $646,029.72. Following the sale, the executive vice president directly owned 13,297 shares of the company’s stock, valued at approximately $690,646.18. This trade represents a 48.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vicky A. Bailey sold 4,259 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $51.56, for a total value of $219,594.04. The disclosure for this sale can be found here. 0.65% of the stock is owned by corporate insiders.

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.