Pekin Hardy Strauss Inc. Takes Position in EQT Corporation (NYSE:EQT)

Pekin Hardy Strauss Inc. acquired a new position in shares of EQT Corporation (NYSE:EQT - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,360 shares of the oil and gas producer's stock, valued at approximately $286,000.

Other hedge funds have also recently bought and sold shares of the company. Capital Advisors Inc. OK boosted its holdings in shares of EQT by 1.6% in the 1st quarter. Capital Advisors Inc. OK now owns 918,274 shares of the oil and gas producer's stock worth $49,063,000 after buying an additional 14,448 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of EQT by 17.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 454,732 shares of the oil and gas producer's stock worth $24,296,000 after buying an additional 66,401 shares during the last quarter. Riggs Asset Managment Co. Inc. boosted its holdings in shares of EQT by 65,994.4% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 23,794 shares of the oil and gas producer's stock worth $1,271,000 after buying an additional 23,758 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new position in shares of EQT in the 1st quarter worth about $233,000. Finally, IFM Investors Pty Ltd boosted its holdings in shares of EQT by 11.0% in the 1st quarter. IFM Investors Pty Ltd now owns 96,862 shares of the oil and gas producer's stock worth $5,175,000 after buying an additional 9,562 shares during the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on EQT shares. Mizuho upgraded EQT to an "outperform" rating and set a $66.00 price objective on the stock in a research note on Tuesday. Barclays assumed coverage on EQT in a research note on Monday. They issued an "overweight" rating and a $65.00 price objective on the stock. Wells Fargo & Company increased their price target on shares of EQT from $59.00 to $63.00 and gave the stock an "overweight" rating in a report on Monday, June 16th. JPMorgan Chase & Co. increased their price target on shares of EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. Finally, Stephens lowered their price target on shares of EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.95.

EQT Price Performance

NYSE EQT traded down $0.37 on Thursday, reaching $54.51. 8,486,401 shares of the company's stock traded hands, compared to its average volume of 8,036,757. EQT Corporation has a 12 month low of $30.02 and a 12 month high of $61.02. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a 50-day simple moving average of $55.99 and a 200 day simple moving average of $52.24. The stock has a market cap of $32.64 billion, a PE ratio of 95.63, a P/E/G ratio of 0.35 and a beta of 0.65.

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, beating analysts' consensus estimates of $0.98 by $0.20. EQT had a net margin of 6.59% and a return on equity of 5.52%. The business had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.16 billion. As a group, research analysts predict that EQT Corporation will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th were given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Wednesday, May 7th. EQT's 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.