EQT Corporation $EQT Shares Acquired by SageView Advisory Group LLC

Key Points

• SageView Advisory Group LLC increased its stake in EQT Corporation by 63.5% in Q1, now holding 14,226 shares valued at approximately $760,000.
• Institutional investors own 90.81% of EQT's stock, with notable increases from firms like Vanguard Group and Neuberger Berman Group.
• EQT reported a quarterly loss, missing earnings expectations with $0.45 EPS, and declared a dividend of $0.1575 per share, reflecting a 1.2% dividend yield.

SageView Advisory Group LLC increased its holdings in shares of EQT Corporation (NYSE:EQT - Free Report) by 63.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,226 shares of the oil and gas producer's stock after buying an additional 5,526 shares during the period. SageView Advisory Group LLC's holdings in EQT were worth $760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its holdings in EQT by 14.1% in the 1st quarter. Larson Financial Group LLC now owns 1,582 shares of the oil and gas producer's stock valued at $85,000 after purchasing an additional 196 shares in the last quarter. Fidelis Capital Partners LLC increased its position 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 worth $416,000 after purchasing an additional 207 shares during the last quarter. Generali Investments Management Co LLC increased its position in shares of EQT by 14.1% during the 1st quarter. Generali Investments Management Co LLC now owns 1,711 shares of the oil and gas producer's stock worth $91,000 after purchasing an additional 211 shares during the last quarter. Bartlett & CO. Wealth Management LLC increased its position in shares of 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 worth $309,000 after purchasing an additional 219 shares during the last quarter. Finally, Harbour Investments Inc. boosted its holdings in EQT by 48.4% during the 1st quarter. Harbour Investments Inc. now owns 693 shares of the oil and gas producer's stock valued at $37,000 after acquiring an additional 226 shares during the period. Hedge funds and other institutional investors own 90.81% of the company's stock.

Analyst Upgrades and Downgrades

EQT has been the subject of a number of research analyst reports. Scotiabank raised their target price on EQT from $66.00 to $68.00 and gave the company a "sector perform" rating in a report on Wednesday, August 13th. Bank of America boosted their target price on EQT from $63.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, August 22nd. Morgan Stanley reaffirmed an "overweight" rating on shares of EQT in a research report on Tuesday, July 15th. Roth Capital lowered EQT from a "strong-buy" rating to a "neutral" rating and dropped their target price for the company from $75.00 to $57.00 in a report on Monday, August 18th. Finally, Melius began coverage on EQT in a report on Wednesday, August 20th. They set a "buy" rating and a $64.00 price objective on the stock. Fifteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $62.14.

EQT Price Performance

Shares of NYSE:EQT traded up $0.07 on Wednesday, hitting $50.02. The company had a trading volume of 3,223,098 shares, compared to its average volume of 8,127,295. The company has a market cap of $31.21 billion, a PE ratio of 27.01, a PEG ratio of 0.41 and a beta of 0.58. The business has a 50 day moving average of $52.72 and a 200 day moving average of $53.11. EQT Corporation has a 52-week low of $32.88 and a 52-week high of $61.02. 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 (NYSE:EQT - Get Free Report) last released its 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 business had revenue of $1.60 billion during the quarter, compared to analyst estimates 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 previous year, the company posted ($0.08) earnings per share. As a group, equities analysts anticipate that EQT Corporation will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 6th were paid a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.3%. The ex-dividend date was Wednesday, August 6th. EQT's dividend payout ratio is presently 34.05%.

Insider Activity

In other EQT news, Director Vicky A. Bailey sold 4,259 shares of the company's stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Sarah Fenton sold 12,438 shares of the company's 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 sale, the executive vice president owned 13,297 shares of the company's stock, valued at $690,646.18. This represents a 48.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company's stock.

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.