5,360 Shares in EQT Corporation (NYSE:EQT) Bought by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. bought a new position in shares of EQT Corporation (NYSE:EQT - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 5,360 shares of the oil and gas producer's stock, valued at approximately $286,000.

Other large investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas bought a new position in shares of EQT in the 4th quarter valued at about $244,000. Aviva PLC acquired a new position in EQT during the fourth quarter worth $14,719,000. Flagship Harbor Advisors LLC acquired a new position in EQT during the first quarter worth $226,000. Exchange Traded Concepts LLC increased its holdings in EQT by 101.8% during the first quarter. Exchange Traded Concepts LLC now owns 9,039 shares of the oil and gas producer's stock worth $483,000 after buying an additional 4,559 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in EQT by 15.4% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,288,322 shares of the oil and gas producer's stock worth $68,835,000 after buying an additional 172,249 shares during the last quarter. Institutional investors own 90.81% of the company's stock.

EQT Stock Performance

EQT stock traded up $0.81 during trading hours on Friday, hitting $55.33. 5,108,873 shares of the stock were exchanged, compared to its average volume of 8,025,265. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $33.13 billion, a P/E ratio of 97.07, a P/E/G ratio of 0.35 and a beta of 0.65. The company has a 50-day simple moving average of $56.07 and a two-hundred day simple moving average of $52.32. EQT Corporation has a 12 month low of $30.02 and a 12 month high of $61.02.

EQT (NYSE:EQT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.20. EQT had a return on equity of 5.52% and a net margin of 6.59%. The company had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.16 billion. On average, analysts forecast that EQT Corporation will post 3.27 earnings per share for the current fiscal 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 given a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Wednesday, May 7th. EQT's payout ratio is currently 110.53%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EQT. Roth Capital initiated coverage on EQT in a research note on Tuesday, June 24th. They issued a "buy" rating and a $69.00 price objective on the stock. Citigroup boosted their target price on EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, March 17th. Royal Bank Of Canada boosted their target price on EQT from $55.00 to $60.00 and gave the stock a "sector perform" rating in a report on Tuesday. UBS Group raised EQT from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $54.00 to $64.00 in a report on Monday, May 5th. Finally, Barclays initiated coverage on EQT in a report on Monday. They set an "overweight" rating and a $65.00 target price on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $60.15.

About EQT

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.