Bluesphere Advisors LLC acquired a new stake in EQT Corporation (NYSE:EQT - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,350 shares of the oil and gas producer's stock, valued at approximately $553,000.
Other institutional investors have also modified their holdings of the company. Invesco Ltd. raised its holdings in EQT by 46.3% during the fourth quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer's stock worth $606,059,000 after purchasing an additional 4,162,065 shares in the last quarter. Slate Path Capital LP acquired a new position in EQT in the fourth quarter valued at $123,575,000. Castle Hook Partners LP increased its position in shares of EQT by 199.5% during the fourth quarter. Castle Hook Partners LP now owns 3,990,714 shares of the oil and gas producer's stock worth $184,012,000 after purchasing an additional 2,658,375 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of EQT in the 4th quarter valued at about $113,924,000. Finally, Capital International Investors boosted its position in shares of EQT by 21.3% in the 4th quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer's stock valued at $638,867,000 after purchasing an additional 2,433,632 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on EQT. JPMorgan Chase & Co. raised their price target on EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. Mizuho increased their price objective on EQT from $57.00 to $60.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. TD Cowen upgraded shares of EQT from a "hold" rating to a "buy" rating and set a $54.00 target price on the stock in a research report on Tuesday, April 8th. UBS Group upgraded shares of EQT from a "neutral" rating to a "buy" rating and upped their price target for the company from $54.00 to $64.00 in a research report on Monday, May 5th. Finally, 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 research note on Monday, June 16th. Two equities 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, EQT currently has a consensus rating of "Moderate Buy" and a consensus target price of $57.39.
View Our Latest Report on EQT
EQT Price Performance
EQT stock opened at $59.34 on Tuesday. The stock's 50 day moving average price is $54.34 and its 200 day moving average price is $51.29. The firm has a market cap of $35.52 billion, a P/E ratio of 104.11, a PEG ratio of 0.37 and a beta of 0.65. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.57 and a current ratio of 0.57. EQT Corporation has a 1 year low of $30.02 and a 1 year high of $61.02.
EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates 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 5.52% and a net margin of 6.59%. On average, sell-side analysts expect that EQT Corporation will post 3.27 earnings per share for the current fiscal year.
EQT Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th were issued a $0.1575 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a yield of 1.06%. EQT's dividend payout ratio (DPR) is 110.53%.
EQT Profile
(
Free Report)
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.
Further Reading
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