5,265 Shares in EQT Co. (NYSE:EQT) Purchased by Puff Wealth Management LLC

Puff Wealth Management LLC purchased a new position in EQT Co. (NYSE:EQT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,265 shares of the oil and gas producer's stock, valued at approximately $281,000.

Other institutional investors also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC acquired a new stake in EQT during the 4th quarter worth about $302,000. Wilmington Savings Fund Society FSB boosted its holdings in EQT by 4.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer's stock worth $218,000 after buying an additional 223 shares in the last quarter. Stephens Inc. AR grew its position in shares of EQT by 4.1% during the 4th quarter. Stephens Inc. AR now owns 14,983 shares of the oil and gas producer's stock valued at $691,000 after acquiring an additional 588 shares during the period. Stonebridge Financial Group LLC purchased a new stake in shares of EQT in the fourth quarter valued at approximately $55,000. Finally, Van ECK Associates Corp raised its position in EQT by 18.2% during the fourth quarter. Van ECK Associates Corp now owns 659,534 shares of the oil and gas producer's stock worth $30,411,000 after acquiring an additional 101,762 shares during the period. Institutional investors own 90.81% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EQT. Mizuho boosted their price target on EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Stephens cut their price objective on EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Wall Street Zen lowered EQT from a "hold" rating to a "sell" rating in a research report on Monday, April 7th. Wells Fargo & Company increased their target price on shares of EQT from $59.00 to $63.00 and gave the stock an "overweight" rating in a report on Monday. Finally, UBS Group raised shares of EQT from a "neutral" rating to a "buy" rating and raised their target price for the company from $54.00 to $64.00 in a report on Monday, May 5th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, EQT presently has an average rating of "Moderate Buy" and an average price target of $57.39.

EQT Stock Performance

NYSE EQT traded up $1.33 during trading hours on Monday, hitting $58.17. The company had a trading volume of 9,210,478 shares, compared to its average volume of 7,911,107. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $53.14 and a 200-day simple moving average of $50.67. The firm has a market cap of $34.82 billion, a P/E ratio of 145.43, a price-to-earnings-growth ratio of 0.64 and a beta of 0.65. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $58.73.

EQT (NYSE:EQT - Get Free Report) last released its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.20. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. Equities analysts predict that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Wednesday, May 7th were issued a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Wednesday, May 7th. EQT's dividend payout ratio is currently 110.53%.

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.