Cherry Creek Investment Advisors Inc. Has $2.47 Million Stock Position in EQT Corporation (NYSE:EQT)

Cherry Creek Investment Advisors Inc. increased its holdings in EQT Corporation (NYSE:EQT - Free Report) by 45.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,141 shares of the oil and gas producer's stock after purchasing an additional 14,328 shares during the period. EQT makes up 1.3% of Cherry Creek Investment Advisors Inc.'s investment portfolio, making the stock its 21st biggest holding. Cherry Creek Investment Advisors Inc.'s holdings in EQT were worth $2,465,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of EQT. EWA LLC bought a new stake in EQT during the first quarter worth approximately $244,000. Canton Hathaway LLC bought a new stake in shares of EQT during the 1st quarter worth $214,000. Stonegate Investment Group LLC grew its stake in EQT by 10.3% in the 1st quarter. Stonegate Investment Group LLC now owns 12,662 shares of the oil and gas producer's stock valued at $677,000 after buying an additional 1,185 shares during the last quarter. Advisor Resource Council bought a new position in EQT in the 1st quarter worth $288,000. Finally, ORG Partners LLC bought a new position in EQT in the 1st quarter worth $153,000. 90.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EQT. TD Cowen raised EQT from a "hold" rating to a "buy" rating and set a $54.00 price target on the stock in a research report on Tuesday, April 8th. Scotiabank reaffirmed a "sector perform" rating and issued a $62.00 target price (up previously from $57.00) on shares of EQT in a report on Thursday, May 22nd. JPMorgan Chase & Co. lifted 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. UBS Group raised EQT from a "neutral" rating to a "buy" rating and increased their price objective for the company from $54.00 to $64.00 in a research report on Monday, May 5th. Finally, Stephens dropped their target price on shares of EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $57.39.

EQT Price Performance

Shares of NYSE:EQT traded down $1.10 during midday trading on Monday, reaching $59.34. 8,508,460 shares of the company's stock were exchanged, compared to its average volume of 7,900,372. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.57 and a current ratio of 0.57. The company's 50 day simple moving average is $54.15 and its two-hundred day simple moving average is $51.18. EQT Corporation has a 12 month low of $30.02 and a 12 month high of $61.44. The firm has a market capitalization of $35.52 billion, a PE ratio of 104.11, a price-to-earnings-growth ratio of 0.37 and a beta of 0.65.

EQT (NYSE:EQT - Get Free Report) last announced 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 net margin of 6.59% and a return on equity of 5.52%. The firm had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.16 billion. Equities research analysts expect that EQT Corporation will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Wednesday, May 7th were given a dividend of $0.1575 per share. The ex-dividend date was Wednesday, May 7th. This represents a $0.63 annualized dividend and a dividend yield of 1.06%. EQT's dividend payout ratio (DPR) is presently 110.53%.

EQT Company 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.