SG Americas Securities LLC Has $27.75 Million Holdings in EQT Corporation $EQT

SG Americas Securities LLC increased its position in EQT Corporation (NYSE:EQT) by 228.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 517,651 shares of the oil and gas producer’s stock after buying an additional 360,049 shares during the period. SG Americas Securities LLC’s holdings in EQT were worth $27,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of EQT. Reaves W H & Co. Inc. increased its stake in shares of EQT by 213.3% in the third quarter. Reaves W H & Co. Inc. now owns 1,029,234 shares of the oil and gas producer’s stock worth $56,021,000 after purchasing an additional 700,732 shares during the period. Sound Shore Management Inc CT grew its holdings in EQT by 31.8% in the 3rd quarter. Sound Shore Management Inc CT now owns 1,526,821 shares of the oil and gas producer’s stock valued at $83,105,000 after buying an additional 368,748 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in EQT by 116.4% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 534,485 shares of the oil and gas producer’s stock worth $29,092,000 after buying an additional 287,538 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in shares of EQT by 8,000.9% during the third quarter. Cullen Frost Bankers Inc. now owns 153,431 shares of the oil and gas producer’s stock worth $8,351,000 after buying an additional 151,537 shares during the last quarter. Finally, Adams Natural Resources Fund Inc. lifted its holdings in shares of EQT by 97.1% during the third quarter. Adams Natural Resources Fund Inc. now owns 220,500 shares of the oil and gas producer’s stock worth $12,002,000 after buying an additional 108,600 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors.

EQT Stock Performance

Shares of NYSE EQT opened at $66.91 on Friday. The business has a fifty day simple moving average of $59.31 and a 200 day simple moving average of $56.41. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $41.81 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 1.28 and a beta of 0.72. EQT Corporation has a one year low of $43.57 and a one year high of $67.99.

EQT (NYSE:EQT) last posted its quarterly earnings results on Tuesday, February 17th. The oil and gas producer reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.14. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.13 billion. EQT had a net margin of 23.59% and a return on equity of 7.25%. The business’s revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 earnings per share. Sell-side analysts expect that EQT Corporation will post 3.27 EPS for the current year.

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Tuesday, February 17th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, February 17th. EQT’s dividend payout ratio (DPR) is presently 19.94%.

Analyst Ratings Changes

A number of brokerages recently issued reports on EQT. Wells Fargo & Company boosted their target price on shares of EQT from $66.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. Mizuho increased their price target on shares of EQT from $60.00 to $68.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Weiss Ratings restated a “buy (b-)” rating on shares of EQT in a research report on Monday, December 29th. Truist Financial initiated coverage on shares of EQT in a report on Tuesday. They set a “buy” rating and a $74.00 price objective on the stock. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of EQT in a research report on Sunday, January 18th. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.70.

Insider Activity

In other news, insider Lesley Evancho sold 20,000 shares of EQT stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $60.69, for a total transaction of $1,213,800.00. Following the sale, the insider directly owned 184,607 shares in the company, valued at approximately $11,203,798.83. The trade was a 9.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Todd James sold 32,514 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $61.12, for a total transaction of $1,987,255.68. Following the completion of the sale, the chief accounting officer directly owned 58,796 shares in the company, valued at approximately $3,593,611.52. The trade was a 35.61% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 61,158 shares of company stock worth $3,742,983. Corporate insiders own 0.72% of the company’s stock.

Key Headlines Impacting EQT

Here are the key news stories impacting EQT this week:

• Positive Sentiment: Zacks upgraded EQT to a Strong Buy (added to Zacks Rank #1 momentum and income lists), boosting buy-side sentiment and short-term momentum expectations. Zacks Upgrade
• Positive Sentiment: Truist initiated coverage with a buy/strong-buy stance, providing another institutional vote of confidence that can support demand for the shares. Truist Coverage
• Positive Sentiment: EQT upsized a cash tender offer for certain senior notes to $1.4 billion (from $1.15B), signaling active debt reduction and balance-sheet management that investors typically view favorably for credit metrics and long-term value. Debt Tender Offer
• Neutral Sentiment: Real estate/asset interest: Ares is reported to be circling a $650M EQT industrial portfolio — this could mean asset sales or portfolio monetization, but details and direct proceeds impact for EQT Corporation are unclear. Ares Interest
• Neutral Sentiment: Several articles reference “EQT” (private equity firm) bidding for Vitabiotics alongside Bain and TPG — that EQT is a different firm (EQT AB) and is not EQT Corporation (energy). This can create headline confusion but shouldn’t directly affect EQT (NYSE:EQT). Vitabiotics Bids (different EQT)
• Negative Sentiment: Market/headline pressure: intraday weakness appears linked to broader energy-futures movement and profit-taking after a recent run (analyst upgrades and momentum may have already been priced in). Lower-than-average volume today suggests a pullback rather than a fundamental reversal. Market Trends

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.