SG Americas Securities LLC Acquires 33,194 Shares of EQT Co. (EQT)

SG Americas Securities LLC boosted its holdings in EQT Co. (NYSE:EQT) by 282.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,957 shares of the oil and gas producer’s stock after acquiring an additional 33,194 shares during the period. SG Americas Securities LLC’s holdings in EQT were worth $2,559,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. S&CO Inc. boosted its holdings in shares of EQT by 4.6% during the fourth quarter. S&CO Inc. now owns 27,038 shares of the oil and gas producer’s stock valued at $1,539,000 after acquiring an additional 1,197 shares during the period. BB&T Corp increased its holdings in shares of EQT by 5.6% in the third quarter. BB&T Corp now owns 31,297 shares of the oil and gas producer’s stock worth $2,042,000 after buying an additional 1,673 shares during the period. Zeke Capital Advisors LLC purchased a new position in shares of EQT in the third quarter worth about $212,000. Keeley Teton Advisors LLC grew its stake in shares of EQT by 16.0% in the third quarter. Keeley Teton Advisors LLC now owns 30,413 shares of the oil and gas producer’s stock worth $1,984,000 after purchasing an additional 4,196 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of EQT by 1.8% in the third quarter. Rhumbline Advisers now owns 335,485 shares of the oil and gas producer’s stock worth $21,887,000 after purchasing an additional 5,939 shares during the last quarter.

Shares of EQT Co. (NYSE:EQT) traded down $0.52 during trading on Friday, reaching $45.73. 4,450,154 shares of the company traded hands, compared to its average volume of 3,730,000. EQT Co. has a one year low of $43.70 and a one year high of $67.84. The company has a market cap of $12,150.00, a P/E ratio of 228.65, a P/E/G ratio of 1.82 and a beta of 0.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.60.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 14th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Tuesday, February 13th. EQT’s dividend payout ratio (DPR) is presently 60.00%.

In other news, Director Thomas F. Karam acquired 10,000 shares of EQT stock in a transaction that occurred on Wednesday, November 15th. The shares were bought at an average cost of $59.26 per share, with a total value of $592,600.00. Following the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $1,185,200. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman David L. Porges sold 53,760 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $59.14, for a total transaction of $3,179,366.40. Following the completion of the sale, the chairman now directly owns 438,601 shares in the company, valued at $25,938,863.14. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Several analysts have weighed in on the company. ValuEngine cut EQT from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Jefferies Group set a $65.00 price objective on EQT and gave the company a “hold” rating in a research report on Tuesday, January 30th. Morgan Stanley lowered their target price on shares of EQT from $63.00 to $59.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Citigroup reiterated a “buy” rating and set a $79.00 target price on shares of EQT in a report on Monday, January 22nd. Finally, Zacks Investment Research lowered shares of EQT from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $76.77.

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EQT Profile

EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.

Institutional Ownership by Quarter for EQT (NYSE:EQT)

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