Adalta Capital Management LLC Has $346,000 Position in EQT Co. (NYSE:EQT)

Adalta Capital Management LLC increased its position in EQT Co. (NYSE:EQT - Free Report) by 150.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,500 shares of the oil and gas producer's stock after purchasing an additional 4,500 shares during the quarter. Adalta Capital Management LLC's holdings in EQT were worth $346,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of EQT. Park Avenue Securities LLC acquired a new position in shares of EQT in the 4th quarter worth approximately $364,000. Merit Financial Group LLC acquired a new position in EQT during the fourth quarter worth $214,000. HB Wealth Management LLC lifted its holdings in shares of EQT by 29.6% during the fourth quarter. HB Wealth Management LLC now owns 17,737 shares of the oil and gas producer's stock valued at $818,000 after acquiring an additional 4,048 shares during the period. UMB Bank n.a. boosted its stake in shares of EQT by 20.3% in the 4th quarter. UMB Bank n.a. now owns 6,087 shares of the oil and gas producer's stock valued at $281,000 after purchasing an additional 1,026 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of EQT by 15.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer's stock worth $79,000 after purchasing an additional 236 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on EQT shares. Wells Fargo & Company lifted their price target on shares of EQT from $53.00 to $58.00 and gave the company an "overweight" rating in a report on Wednesday, March 19th. Morgan Stanley increased their price target on EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. raised their price target on EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Mizuho boosted their price objective on EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. Finally, Scotiabank restated a "sector perform" rating and issued a $62.00 target price (up from $57.00) on shares of EQT in a research note on Thursday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $57.11.

EQT Trading Down 0.2%

EQT stock traded down $0.11 during midday trading on Monday, reaching $55.58. The stock had a trading volume of 6,812,553 shares, compared to its average volume of 7,927,201. The firm has a market cap of $33.27 billion, a price-to-earnings ratio of 138.95, a PEG ratio of 0.64 and a beta of 0.59. EQT Co. has a twelve month low of $30.02 and a twelve month high of $57.37. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $52.10 and a two-hundred day simple moving average of $49.51.

EQT (NYSE:EQT - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.20. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. As a group, research analysts expect that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Wednesday, May 7th. EQT's dividend payout ratio is presently 110.53%.

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.