Susquehanna Advisors Group Inc. Purchases Shares of 20,045 EQT Corporation $EQT

Susquehanna Advisors Group Inc. purchased a new position in EQT Corporation (NYSE:EQTFree Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 20,045 shares of the oil and gas producer’s stock, valued at approximately $1,066,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of EQT in the second quarter valued at about $3,204,125,000. Wellington Management Group LLP increased its stake in EQT by 41.4% during the second quarter. Wellington Management Group LLP now owns 22,565,479 shares of the oil and gas producer’s stock valued at $1,199,807,000 after acquiring an additional 6,603,286 shares during the period. Bank of New York Mellon Corp bought a new position in EQT during the second quarter valued at about $512,148,000. Bank of America Corp DE raised its holdings in EQT by 7.2% in the 2nd quarter. Bank of America Corp DE now owns 4,240,709 shares of the oil and gas producer’s stock valued at $225,478,000 after acquiring an additional 284,244 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in EQT in the 2nd quarter valued at approximately $163,705,000. Institutional investors own 90.81% of the company’s stock.

Insider Activity

In other EQT news, CEO Toby Z. Rice sold 175,328 shares of EQT stock in a transaction on Friday, August 14th. The stock was sold at an average price of $55.03, for a total transaction of $9,648,299.84. Following the completion of the transaction, the chief executive officer directly owned 2,157,865 shares of the company’s stock, valued at approximately $118,747,310.95. This trade represents a 7.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 274,042 shares of company stock worth $15,005,076 over the last three months. 0.72% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on EQT shares. Sanford C. Bernstein reissued an “outperform” rating on shares of EQT in a report on Thursday, July 30th. Weiss Ratings lowered EQT from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. Jefferies Financial Group reduced their target price on EQT from $77.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Barclays decreased their price target on shares of EQT from $70.00 to $68.00 and set an “overweight” rating on the stock in a research note on Monday, August 17th. Finally, UBS Group lowered their price target on shares of EQT from $74.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.10.

View Our Latest Analysis on EQT

EQT Trading Down 0.0%

EQT stock opened at $54.56 on Monday. EQT Corporation has a 1-year low of $47.94 and a 1-year high of $68.24. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $52.33 and its 200-day moving average is $56.41. The firm has a market cap of $34.13 billion, a P/E ratio of 12.66 and a beta of 0.58.

EQT (NYSE:EQTGet Free Report) last posted its earnings results on Tuesday, July 21st. The oil and gas producer reported $0.39 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.02). The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.76 billion. EQT had a return on equity of 9.31% and a net margin of 28.44%.EQT’s quarterly revenue was down 29.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 EPS. Equities analysts anticipate that EQT Corporation will post 3.96 earnings per share for the current fiscal year.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 5th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, August 5th. EQT’s dividend payout ratio is currently 15.31%.

About EQT

(Free Report)

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.

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Institutional Ownership by Quarter for EQT (NYSE:EQT)

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