U.S. Capital Wealth Advisors LLC Sells 57,879 Shares of EQT Corporation (NYSE:EQT)

U.S. Capital Wealth Advisors LLC reduced its stake in shares of EQT Corporation (NYSE:EQT - Free Report) by 35.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,857 shares of the oil and gas producer's stock after selling 57,879 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in EQT were worth $5,549,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Teacher Retirement System of Texas bought a new stake in shares of EQT during the fourth quarter valued at approximately $244,000. Aviva PLC bought a new position in EQT in the fourth quarter valued at approximately $14,719,000. Flagship Harbor Advisors LLC bought a new position in EQT in the first quarter valued at approximately $226,000. Exchange Traded Concepts LLC boosted its stake in EQT by 101.8% in the first quarter. Exchange Traded Concepts LLC now owns 9,039 shares of the oil and gas producer's stock valued at $483,000 after acquiring an additional 4,559 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in EQT by 15.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,288,322 shares of the oil and gas producer's stock valued at $68,835,000 after acquiring an additional 172,249 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

EQT Trading Up 1.5%

Shares of NYSE:EQT opened at $56.15 on Tuesday. EQT Corporation has a 12 month low of $30.02 and a 12 month high of $61.02. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.33. The company's fifty day simple moving average is $55.81 and its 200 day simple moving average is $52.21. The firm has a market cap of $33.61 billion, a price-to-earnings ratio of 98.51, a PEG ratio of 0.34 and a beta of 0.65.

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

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Wednesday, May 7th were issued a dividend of $0.1575 per share. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.12%. EQT's payout ratio is 110.53%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Wells Fargo & Company raised their price objective on shares of EQT from $59.00 to $63.00 and gave the company an "overweight" rating in a research note on Monday, June 16th. Mizuho raised their price objective on shares of EQT from $57.00 to $60.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. Citigroup raised their price objective on shares of EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, March 17th. Morgan Stanley raised their price objective on shares of EQT from $62.00 to $65.00 and gave the company an "overweight" rating in a research note on Thursday, April 24th. Finally, Wall Street Zen cut shares of EQT from a "hold" rating to a "sell" rating in a research note on Monday, April 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $58.35.

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.

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