Susquehanna Advisors Group Inc. Takes $1.07 Million Position in EQT Corporation $EQT

Susquehanna Advisors Group Inc. bought a new position in EQT Corporation (NYSE:EQT) during the 2nd quarter, Holdings Channel reports. The firm bought 20,045 shares of the oil and gas producer’s stock, valued at approximately $1,066,000.

A number of other large investors have also bought and sold shares of the business. Greykasell Wealth Strategies Inc. acquired a new stake in EQT during the 4th quarter valued at $26,000. Meeder Asset Management Inc. bought a new position in EQT in the 2nd quarter valued at $26,000. Wedbush Fund Advisers LLC boosted its stake in EQT by 251.8% in the second quarter. Wedbush Fund Advisers LLC now owns 577 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 413 shares in the last quarter. Gables Capital Management Inc. acquired a new position in EQT in the second quarter worth $37,000. Finally, Elyxium Wealth LLC bought a new stake in shares of EQT during the fourth quarter worth $49,000. 90.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other EQT news, CEO Toby Z. Rice sold 175,328 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer directly owned 2,157,865 shares of the company’s stock, valued at approximately $118,747,310.95. The trade was a 7.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 274,042 shares of company stock valued at $15,005,076 in the last three months. 0.72% of the stock is owned by company insiders.

EQT Stock Down 0.0%

Shares of EQT opened at $54.56 on Monday. The firm has a market capitalization of $34.13 billion, a price-to-earnings ratio of 12.66 and a beta of 0.58. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.67 and a current ratio of 0.67. The business’s fifty day moving average price is $52.33 and its two-hundred day moving average price is $56.41. EQT Corporation has a 52 week low of $47.94 and a 52 week high of $68.24.

EQT (NYSE:EQT) last released 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 firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.76 billion. EQT had a net margin of 28.44% and a return on equity of 9.31%. The firm’s quarterly revenue was down 29.2% on a year-over-year basis. During the same period last year, the business posted $0.45 earnings per share. On average, analysts predict that EQT Corporation will post 3.96 earnings per share for the current year.

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 5th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, August 5th. EQT’s dividend payout ratio (DPR) is presently 15.31%.

Analyst Upgrades and Downgrades

EQT has been the subject of a number of research reports. Barclays lowered their target price on EQT from $70.00 to $68.00 and set an “overweight” rating for the company in a research note on Monday, August 17th. Morgan Stanley reduced their price target on shares of EQT from $68.00 to $67.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 19th. UBS Group decreased their price objective 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. Wall Street Zen cut shares of EQT from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Finally, Truist Financial dropped their target price on shares of EQT from $74.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, June 24th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $68.10.

EQT Company Profile

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.