Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 129,981 EQT Co. (NYSE:EQT)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of EQT Co. (NYSE:EQT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 129,981 shares of the oil and gas producer's stock, valued at approximately $5,993,000.

A number of other large investors have also made changes to their positions in EQT. University of Texas Texas AM Investment Management Co. grew its stake in shares of EQT by 47.7% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer's stock valued at $44,000 after purchasing an additional 310 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock valued at $45,000 after purchasing an additional 205 shares during the period. Parkside Financial Bank & Trust increased its holdings in EQT by 22.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock worth $48,000 after acquiring an additional 193 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in EQT in the 4th quarter worth approximately $55,000. Finally, First Horizon Advisors Inc. boosted its stake in EQT by 33.1% in the 4th quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer's stock worth $55,000 after purchasing an additional 298 shares during the period. 90.81% of the stock is currently owned by institutional investors.

EQT Stock Performance

EQT stock traded down $1.00 during trading on Wednesday, hitting $55.65. 1,550,220 shares of the company traded hands, compared to its average volume of 7,888,645. The stock's 50-day simple moving average is $52.46 and its 200 day simple moving average is $50.09. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The company has a market cap of $33.31 billion, a PE ratio of 139.58, a P/E/G ratio of 0.64 and a beta of 0.59. EQT Co. has a 1 year low of $30.02 and a 1 year high of $57.37.

EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.20. The company had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.16 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. On average, equities analysts expect that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th were issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.13%. The ex-dividend date was Wednesday, May 7th. EQT's payout ratio is currently 110.53%.

Analyst Ratings Changes

EQT has been the topic of several recent research reports. Wall Street Zen lowered EQT from a "hold" rating to a "sell" rating in a report on Monday, April 7th. UBS Group raised EQT from a "neutral" rating to a "buy" rating and increased their price target for the stock from $54.00 to $64.00 in a research report on Monday, May 5th. Morgan Stanley increased their price target on EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. increased their price target on EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Finally, Mizuho raised their price objective on EQT from $57.00 to $60.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $57.11.

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.