EQT Corporation $EQT Shares Purchased by AdvisorNet Financial Inc

AdvisorNet Financial Inc lifted its holdings in EQT Corporation (NYSE:EQT) by 479.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,179 shares of the oil and gas producer’s stock after purchasing an additional 1,803 shares during the quarter. AdvisorNet Financial Inc’s holdings in EQT were worth $127,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Zions Bancorporation National Association UT acquired a new stake in shares of EQT in the 1st quarter worth $35,000. Harbour Investments Inc. lifted its position in EQT by 48.4% during the 1st quarter. Harbour Investments Inc. now owns 693 shares of the oil and gas producer’s stock worth $37,000 after acquiring an additional 226 shares during the period. Mascagni Wealth Management Inc. acquired a new stake in EQT during the 4th quarter worth about $55,000. Hazlett Burt & Watson Inc. lifted its position in EQT by 197.4% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 1,383 shares of the oil and gas producer’s stock worth $73,000 after acquiring an additional 918 shares during the period. Finally, Montag A & Associates Inc. acquired a new stake in EQT during the 1st quarter worth about $77,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on EQT shares. Royal Bank Of Canada lifted their price target on EQT from $55.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 8th. Mizuho reduced their price objective on EQT from $66.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, September 15th. Melius started coverage on EQT in a research note on Wednesday, August 20th. They set a “buy” rating and a $64.00 price objective for the company. Barclays lifted their price objective on EQT from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Finally, Melius Research began coverage on EQT in a research note on Wednesday, August 20th. They set a “buy” rating and a $64.00 price objective for the company. Fifteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $62.95.

Insider Activity

In other news, Director Vicky A. Bailey sold 4,259 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $51.56, for a total transaction of $219,594.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Sarah Fenton sold 12,438 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $51.94, for a total value of $646,029.72. Following the transaction, the executive vice president owned 13,297 shares in the company, valued at approximately $690,646.18. This represents a 48.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.

EQT Trading Up 1.7%

EQT stock opened at $53.97 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.32. EQT Corporation has a 12-month low of $35.00 and a 12-month high of $61.02. The stock has a market cap of $33.68 billion, a price-to-earnings ratio of 29.18, a PEG ratio of 0.43 and a beta of 0.58. The business’s 50-day moving average is $51.87 and its 200 day moving average is $53.21.

EQT (NYSE:EQT) last posted its quarterly earnings data 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 return on equity of 6.24% and a net margin of 15.87%.The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. On average, sell-side analysts anticipate that EQT Corporation will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

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

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.