L & S Advisors Inc Raises Holdings in EQT Corporation (NYSE:EQT)

Key Points

• L & S Advisors Inc increased its stake in EQT Corporation by 126.3%, now holding 119,372 shares valued at approximately $6.38 million.
• EQT Corporation recently reported $0.45 EPS for the quarter, missing analysts' expectations, with revenue reaching $1.60 billion compared to the expected $1.78 billion.
• The company declared a quarterly dividend of $0.1575 per share, to be paid on September 2nd, with a current yield of 1.2%.

L & S Advisors Inc boosted its holdings in shares of EQT Corporation (NYSE:EQT - Free Report) by 126.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,372 shares of the oil and gas producer's stock after purchasing an additional 66,633 shares during the period. L & S Advisors Inc's holdings in EQT were worth $6,378,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EQT. Larson Financial Group LLC grew its holdings in shares of EQT by 14.1% during the first quarter. Larson Financial Group LLC now owns 1,582 shares of the oil and gas producer's stock worth $85,000 after purchasing an additional 196 shares in the last quarter. Fidelis Capital Partners LLC boosted its stake in shares of EQT by 2.6% during the 1st quarter. Fidelis Capital Partners LLC now owns 8,281 shares of the oil and gas producer's stock valued at $416,000 after purchasing an additional 207 shares in the last quarter. Generali Investments Management Co LLC raised its stake in EQT by 14.1% in the first quarter. Generali Investments Management Co LLC now owns 1,711 shares of the oil and gas producer's stock worth $91,000 after buying an additional 211 shares in the last quarter. Bartlett & CO. Wealth Management LLC boosted its position in EQT by 3.9% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 5,783 shares of the oil and gas producer's stock valued at $309,000 after acquiring an additional 219 shares in the last quarter. Finally, Huntington National Bank raised its position in shares of EQT by 7.4% in the 4th quarter. Huntington National Bank now owns 3,265 shares of the oil and gas producer's stock worth $151,000 after acquiring an additional 224 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.

Insider Activity at EQT

In other EQT news, EVP Sarah Fenton sold 12,438 shares of EQT stock in a transaction dated 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 $690,646.18. The trade was a 48.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.65% of the company's stock.

EQT Trading Up 0.5%

Shares of NYSE:EQT traded up $0.27 during trading on Thursday, reaching $51.73. 1,415,853 shares of the company were exchanged, compared to its average volume of 8,431,153. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market capitalization of $32.28 billion, a PE ratio of 27.97, a P/E/G ratio of 0.35 and a beta of 0.59. The business's fifty day simple moving average is $55.93 and its 200-day simple moving average is $53.17. EQT Corporation has a 12-month low of $30.25 and a 12-month high of $61.02.

EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The oil and gas producer reported $0.45 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.07). The firm had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.78 billion. EQT had a net margin of 15.87% and a return on equity of 6.24%. During the same quarter in the prior year, the business posted ($0.08) EPS. On average, research analysts anticipate that EQT Corporation will post 3.27 EPS for the current year.

EQT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 6th will be 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 is Wednesday, August 6th. EQT's payout ratio is presently 34.05%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. UBS Group reissued a "buy" rating on shares of EQT in a research report on Monday, July 14th. Roth Capital assumed coverage on EQT in a report on Tuesday, June 24th. They issued a "buy" rating and a $69.00 target price on the stock. Wells Fargo & Company upped their price target on shares of EQT from $59.00 to $63.00 and gave the stock an "overweight" rating in a research note on Monday, June 16th. Stephens lowered their price objective on shares of EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Finally, Royal Bank Of Canada upped their price objective on EQT from $55.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Tuesday, July 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.84.

About EQT

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.