Elevate Capital Advisors LLC lowered its position in shares of EQT Corporation (NYSE:EQT - Free Report) by 28.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,112 shares of the oil and gas producer's stock after selling 10,718 shares during the quarter. Elevate Capital Advisors LLC's holdings in EQT were worth $1,449,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. grew its stake in shares of EQT by 47.7% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer's stock valued at $44,000 after buying an additional 310 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in EQT by 26.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock valued at $45,000 after acquiring an additional 205 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in EQT by 22.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock valued at $48,000 after acquiring an additional 193 shares during the last quarter. Mascagni Wealth Management Inc. bought a new position in shares of EQT in the 4th quarter valued at about $55,000. Finally, Larson Financial Group LLC increased its stake in shares of EQT by 1,343.8% during the 4th quarter. Larson Financial Group LLC now owns 1,386 shares of the oil and gas producer's stock worth $64,000 after purchasing an additional 1,290 shares during the last quarter. 90.81% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. Morgan Stanley raised their price objective on EQT from $62.00 to $65.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Stephens lowered their target price on EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Roth Capital initiated coverage on EQT in a report on Tuesday, June 24th. They set a "buy" rating and a $69.00 price target for the company. Citigroup upped their price objective on EQT from $51.00 to $60.00 and gave the company a "buy" rating in a report on Monday, March 17th. Finally, Wells Fargo & Company lifted their target price on EQT from $59.00 to $63.00 and gave the stock an "overweight" rating in a report on Monday, June 16th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $58.00.
Read Our Latest Report on EQT
EQT Trading Down 4.4%
NYSE:EQT traded down $2.57 on Tuesday, reaching $55.75. 11,289,721 shares of the stock traded hands, compared to its average volume of 7,949,887. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.33. EQT Corporation has a 1-year low of $30.02 and a 1-year high of $61.02. The company's 50 day moving average is $55.19 and its 200-day moving average is $51.78. The firm has a market capitalization of $33.37 billion, a price-to-earnings ratio of 97.81, a price-to-earnings-growth ratio of 0.35 and a beta of 0.65.
EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, topping the consensus estimate 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 net margin of 6.59% and a return on equity of 5.52%. Equities research analysts anticipate that EQT Corporation will post 3.27 EPS for the current fiscal year.
EQT Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th were given a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Wednesday, May 7th. EQT's dividend payout ratio (DPR) is presently 110.53%.
EQT Company 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.
See Also
Before you consider EQT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EQT wasn't on the list.
While EQT currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
