EQT Corporation $EQT Shares Sold by Toth Financial Advisory Corp

Toth Financial Advisory Corp lessened its stake in shares of EQT Corporation (NYSE:EQT) by 86.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,950 shares of the oil and gas producer’s stock after selling 18,265 shares during the quarter. Toth Financial Advisory Corp’s holdings in EQT were worth $157,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Greykasell Wealth Strategies Inc. acquired a new position in EQT in the 4th quarter valued at $26,000. Meeder Asset Management Inc. purchased a new stake in shares of EQT in the second quarter valued at about $26,000. Wedbush Fund Advisers LLC increased its stake in shares of EQT by 251.8% during the second quarter. Wedbush Fund Advisers LLC now owns 577 shares of the oil and gas producer’s stock worth $31,000 after acquiring an additional 413 shares during the period. Gables Capital Management Inc. purchased a new position in EQT during the second quarter worth about $37,000. Finally, Root Financial Partners LLC raised its holdings in EQT by 35.4% during the first quarter. Root Financial Partners LLC now owns 773 shares of the oil and gas producer’s stock worth $49,000 after purchasing an additional 202 shares in the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

EQT Price Performance

Shares of NYSE:EQT opened at $54.56 on Friday. EQT Corporation has a 12 month low of $47.94 and a 12 month high of $68.24. The firm has a market capitalization of $34.13 billion, a price-to-earnings ratio of 12.66 and a beta of 0.58. The business’s 50 day simple moving average is $52.33 and its 200-day simple moving average is $56.40. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.67 and a quick ratio of 0.67.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, July 21st. The oil and gas producer reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.76 billion. EQT had a return on equity of 9.31% and a net margin of 28.44%.The business’s revenue for the quarter was down 29.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 earnings per share. As a group, equities analysts forecast that EQT Corporation will post 3.96 earnings per share for the current fiscal year.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 5th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, August 5th. EQT’s payout ratio is 15.31%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on EQT shares. Weiss Ratings lowered EQT from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 30th. UBS Group cut their target price on EQT from $74.00 to $73.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Zacks Research upgraded EQT from a “strong sell” rating to a “hold” rating in a research note on Thursday. The Goldman Sachs Group dropped their price objective on EQT from $65.00 to $63.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Finally, Wall Street Zen downgraded EQT from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $68.10.

Insider Activity at EQT

In related news, CEO Toby Z. Rice sold 175,328 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $55.03, for a total value of $9,648,299.84. Following the sale, the chief executive officer directly owned 2,157,865 shares in the company, valued at $118,747,310.95. The trade was a 7.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 274,042 shares of company stock valued at $15,005,076. 0.72% of the stock is owned by insiders.

EQT Company Profile

EQT Corporation (NYSE: EQT) is a U.S.-based energy company focused on the exploration, development and production of natural gas. Headquartered in Pittsburgh, Pennsylvania, the company concentrates its upstream operations in the Appalachian Basin, producing from major shale formations including the Marcellus and Utica. EQT’s primary product is natural gas, with production activities supported by associated liquids and conventional gas assets where applicable.

In addition to drilling and well development, EQT operates and coordinates the infrastructure and commercial activities necessary to bring gas to market.