PNC Financial Services Group Inc. Has $5.31 Million Position in EQT Co. (NYSE:EQT)

PNC Financial Services Group Inc. grew its stake in EQT Co. (NYSE:EQT) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,313 shares of the oil and gas producer’s stock after purchasing an additional 1,428 shares during the quarter. PNC Financial Services Group Inc.’s holdings in EQT were worth $5,309,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. UniSuper Management Pty Ltd increased its position in EQT by 13.0% during the third quarter. UniSuper Management Pty Ltd now owns 2,600 shares of the oil and gas producer’s stock worth $106,000 after acquiring an additional 300 shares during the period. Perigon Wealth Management LLC increased its position in EQT by 2.1% during the fourth quarter. Perigon Wealth Management LLC now owns 14,471 shares of the oil and gas producer’s stock worth $559,000 after acquiring an additional 303 shares during the period. Connectus Wealth LLC grew its stake in EQT by 2.3% during the fourth quarter. Connectus Wealth LLC now owns 23,188 shares of the oil and gas producer’s stock worth $896,000 after buying an additional 514 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its stake in EQT by 52.6% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,563 shares of the oil and gas producer’s stock worth $60,000 after buying an additional 539 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in EQT by 8.2% during the fourth quarter. Fifth Third Bancorp now owns 7,964 shares of the oil and gas producer’s stock worth $308,000 after buying an additional 601 shares in the last quarter. 90.81% of the stock is owned by institutional investors.

EQT Stock Down 0.9 %

EQT stock opened at $38.23 on Wednesday. The firm has a 50 day moving average price of $39.71 and a two-hundred day moving average price of $37.62. The firm has a market cap of $16.88 billion, a price-to-earnings ratio of 27.70 and a beta of 1.06. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.88. EQT Co. has a 52-week low of $32.07 and a 52-week high of $45.23.

EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, April 23rd. The oil and gas producer reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.17. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.58 billion. EQT had a net margin of 10.96% and a return on equity of 4.57%. EQT’s revenue for the quarter was down 28.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.70 EPS. Equities analysts predict that EQT Co. will post 1.03 EPS for the current year.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Wednesday, May 8th were paid a dividend of $0.1575 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.63 dividend on an annualized basis and a yield of 1.65%. EQT’s dividend payout ratio (DPR) is presently 45.65%.

Wall Street Analysts Forecast Growth

EQT has been the topic of a number of analyst reports. Sanford C. Bernstein upgraded shares of EQT from an “underperform” rating to a “market perform” rating and increased their price objective for the stock from $27.00 to $34.00 in a research note on Wednesday, April 10th. Mizuho raised their price target on shares of EQT from $43.00 to $45.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. The Goldman Sachs Group reduced their price target on shares of EQT from $48.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, April 2nd. Stephens raised their price target on shares of EQT from $46.00 to $47.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 24th. Finally, Jefferies Financial Group raised their price target on shares of EQT from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $45.24.

Insider Buying and Selling at EQT

In other EQT news, insider Lesley Evancho sold 46,884 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $41.29, for a total transaction of $1,935,840.36. Following the completion of the sale, the insider now owns 160,884 shares in the company, valued at approximately $6,642,900.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other EQT news, insider Lesley Evancho sold 46,884 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $41.29, for a total transaction of $1,935,840.36. Following the completion of the sale, the insider now owns 160,884 shares in the company, valued at approximately $6,642,900.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William E. Jordan sold 35,000 shares of EQT stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $40.72, for a total transaction of $1,425,200.00. Following the transaction, the executive vice president now directly owns 456,837 shares in the company, valued at $18,602,402.64. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by company insiders.

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.