TD Waterhouse Canada Inc. Has $3.95 Million Stock Position in EQT Corporation $EQT

TD Waterhouse Canada Inc. raised its position in EQT Corporation (NYSE:EQT) by 27.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,267 shares of the oil and gas producer’s stock after purchasing an additional 16,400 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in EQT were worth $3,951,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of EQT. Parallel Advisors LLC lifted its stake in shares of EQT by 1.0% in the 4th quarter. Parallel Advisors LLC now owns 19,075 shares of the oil and gas producer’s stock valued at $1,022,000 after purchasing an additional 198 shares during the period. Root Financial Partners LLC increased its holdings in EQT by 35.4% in the first quarter. Root Financial Partners LLC now owns 773 shares of the oil and gas producer’s stock valued at $49,000 after purchasing an additional 202 shares during the last quarter. Rothschild Investment LLC increased its holdings in EQT by 0.5% in the fourth quarter. Rothschild Investment LLC now owns 46,582 shares of the oil and gas producer’s stock valued at $2,497,000 after purchasing an additional 215 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in EQT by 4.0% in the first quarter. EverSource Wealth Advisors LLC now owns 6,154 shares of the oil and gas producer’s stock valued at $392,000 after buying an additional 236 shares during the period. Finally, United Capital Financial Advisors LLC lifted its stake in EQT by 1.4% in the second quarter. United Capital Financial Advisors LLC now owns 23,897 shares of the oil and gas producer’s stock valued at $1,271,000 after buying an additional 340 shares during the period. 90.81% of the stock is owned by institutional investors and hedge funds.

EQT Stock Performance

Shares of EQT stock opened at $55.11 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market capitalization of $34.47 billion, a P/E ratio of 12.79 and a beta of 0.58. The company’s 50 day moving average price is $52.74 and its two-hundred day moving average price is $56.31. EQT Corporation has a 52 week low of $47.94 and a 52 week high of $68.24.

EQT (NYSE:EQT) last released its quarterly earnings results on Tuesday, July 21st. The oil and gas producer reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.76 billion. EQT had a net margin of 28.44% and a return on equity of 9.31%. The firm’s quarterly revenue was down 29.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 EPS. On average, analysts expect that EQT Corporation will post 3.96 earnings per share for the current fiscal year.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 5th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, August 5th. EQT’s payout ratio is currently 15.31%.

Analyst Ratings Changes

Several research firms have recently issued reports on EQT. BMO Capital Markets decreased their target price on EQT from $76.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. UBS Group cut their price target on shares of EQT from $74.00 to $73.00 and set a “buy” rating on the stock in a research report on Wednesday, July 8th. Jefferies Financial Group reduced their price objective on shares of EQT from $77.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Truist Financial lowered their target price on shares of EQT from $74.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, June 24th. Finally, Barclays lowered their target price on shares of EQT from $70.00 to $68.00 and set an “overweight” rating for the company in a research note on Monday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.10.

Insiders Place Their Bets

In related news, CEO Toby Rice sold 175,328 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 2,157,865 shares of the company’s stock, valued at approximately $118,747,310.95. This represents a 7.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.72% of the company’s stock.

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.