SG Americas Securities LLC Has $2.84 Million Stock Holdings in EQT Corporation (NYSE:EQT)

SG Americas Securities LLC boosted its holdings in shares of EQT Corporation (NYSE:EQT - Free Report) by 656.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,092 shares of the oil and gas producer's stock after purchasing an additional 46,074 shares during the quarter. SG Americas Securities LLC's holdings in EQT were worth $2,837,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in EQT. Invesco Ltd. increased its stake in shares of EQT by 46.3% in the fourth quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer's stock worth $606,059,000 after buying an additional 4,162,065 shares during the last quarter. Slate Path Capital LP bought a new position in EQT during the 4th quarter worth approximately $123,575,000. Castle Hook Partners LP grew its position in shares of EQT by 199.5% in the 4th quarter. Castle Hook Partners LP now owns 3,990,714 shares of the oil and gas producer's stock worth $184,012,000 after acquiring an additional 2,658,375 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of EQT during the 4th quarter valued at approximately $113,924,000. Finally, Capital International Investors lifted its stake in EQT by 21.3% during the fourth quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer's stock worth $638,867,000 after purchasing an additional 2,433,632 shares during the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

EQT Price Performance

Shares of NYSE:EQT traded up $0.80 during trading hours on Wednesday, hitting $59.67. 4,117,683 shares of the company's stock traded hands, compared to its average volume of 7,895,415. The company's fifty day simple moving average is $53.53 and its two-hundred day simple moving average is $50.82. The company has a market cap of $35.72 billion, a price-to-earnings ratio of 104.62, a price-to-earnings-growth ratio of 0.36 and a beta of 0.65. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.57 and a current ratio of 0.57. EQT Corporation has a 52 week low of $30.02 and a 52 week high of $60.32.

EQT (NYSE:EQT - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.20. The firm had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.16 billion. EQT had a net margin of 6.59% and a return on equity of 5.52%. As a group, equities analysts anticipate that EQT Corporation will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th were given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Wednesday, May 7th. EQT's dividend payout ratio (DPR) is presently 110.53%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Stephens dropped their target price on shares of EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Morgan Stanley raised their target price on shares of EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Piper Sandler upped their target price on EQT from $35.00 to $48.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. raised their price target on EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. Finally, Scotiabank reiterated a "sector perform" rating and issued a $62.00 target price (up from $57.00) on shares of EQT in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, EQT presently has an average rating of "Moderate Buy" and a consensus price target of $57.39.

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.