Register Financial Advisors LLC Purchases New Holdings in EQT Co. (NYSE:EQT)

Register Financial Advisors LLC purchased a new stake in EQT Co. (NYSE:EQT) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 3,400 shares of the oil and gas producer’s stock, valued at approximately $126,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EQT. Park Avenue Securities LLC raised its holdings in EQT by 3.8% in the 1st quarter. Park Avenue Securities LLC now owns 8,153 shares of the oil and gas producer’s stock valued at $302,000 after acquiring an additional 300 shares during the last quarter. Perigon Wealth Management LLC raised its holdings in EQT by 2.1% in the 4th quarter. Perigon Wealth Management LLC now owns 14,471 shares of the oil and gas producer’s stock valued at $559,000 after acquiring an additional 303 shares during the last quarter. Czech National Bank raised its holdings in EQT by 0.5% in the 1st quarter. Czech National Bank now owns 72,374 shares of the oil and gas producer’s stock valued at $2,683,000 after acquiring an additional 332 shares during the last quarter. Fulton Bank N.A. raised its holdings in EQT by 4.7% in the 1st quarter. Fulton Bank N.A. now owns 10,370 shares of the oil and gas producer’s stock valued at $384,000 after acquiring an additional 465 shares during the last quarter. Finally, Connectus Wealth LLC raised its holdings in EQT by 2.3% in the 4th quarter. Connectus Wealth LLC now owns 23,188 shares of the oil and gas producer’s stock valued at $896,000 after acquiring an additional 514 shares during the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EQT has been the subject of a number of recent research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $46.00 price objective on shares of EQT in a report on Tuesday, March 5th. Jefferies Financial Group raised their price target on shares of EQT from $43.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. StockNews.com upgraded shares of EQT to a “sell” rating in a report on Wednesday, May 29th. Wells Fargo & Company downgraded shares of EQT from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $48.00 to $37.00 in a report on Wednesday, April 17th. Finally, TD Cowen started coverage on shares of EQT in a report on Friday, April 19th. They set a “hold” rating and a $43.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company 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 firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $41.29, for a total value of $1,935,840.36. Following the completion of the transaction, the insider now owns 160,884 shares of the company’s stock, valued at approximately $6,642,900.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP William E. Jordan sold 35,000 shares of EQT stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $40.72, for a total transaction of $1,425,200.00. Following the completion of the sale, the executive vice president now directly owns 456,837 shares of the company’s stock, valued at approximately $18,602,402.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Lesley Evancho sold 46,884 shares of EQT stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $41.29, for a total transaction of $1,935,840.36. Following the sale, the insider now directly owns 160,884 shares of the company’s stock, valued at $6,642,900.36. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by corporate insiders.

EQT Stock Down 0.8 %

EQT stock opened at $36.98 on Friday. 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 fifty-two week low of $32.07 and a fifty-two week high of $45.23. The company has a market capitalization of $16.33 billion, a PE ratio of 26.80 and a beta of 1.06. The firm has a 50 day moving average price of $39.87 and a 200 day moving average price of $37.63.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, April 23rd. The oil and gas producer reported $0.82 EPS for the quarter, beating the consensus estimate of $0.65 by $0.17. EQT had a net margin of 10.96% and a return on equity of 4.57%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the company posted $1.70 EPS. The firm’s revenue was down 28.8% compared to the same quarter last year. Research analysts expect that EQT Co. will post 1.05 earnings per share for the current year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Shareholders of record on Wednesday, May 8th were given a $0.1575 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $0.63 annualized dividend and a yield of 1.70%. EQT’s dividend payout ratio is presently 45.65%.

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.