J.W. Cole Advisors Inc. Has $1.05 Million Holdings in EQT Corporation (NYSE:EQT)

J.W. Cole Advisors Inc. raised its stake in shares of EQT Corporation (NYSE:EQT - Free Report) by 155.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 19,728 shares of the oil and gas producer's stock after purchasing an additional 11,996 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in EQT were worth $1,054,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in EQT. Invesco Ltd. increased its stake in shares of EQT by 46.3% in the 4th quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer's stock valued at $606,059,000 after buying an additional 4,162,065 shares during the period. Slate Path Capital LP acquired a new position in shares of EQT during the 4th quarter worth approximately $123,575,000. Castle Hook Partners LP grew its holdings in EQT by 199.5% in the 4th quarter. Castle Hook Partners LP now owns 3,990,714 shares of the oil and gas producer's stock valued at $184,012,000 after buying an additional 2,658,375 shares in the last quarter. Capital International Investors lifted its position in shares of EQT by 21.3% during 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 acquiring an additional 2,433,632 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in shares of EQT by 14.7% in the 4th quarter. Clearbridge Investments LLC now owns 13,829,938 shares of the oil and gas producer's stock valued at $637,698,000 after purchasing an additional 1,774,696 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.

EQT Price Performance

Shares of EQT stock traded up $2.13 during midday trading on Thursday, reaching $54.09. The company had a trading volume of 12,621,057 shares, compared to its average volume of 9,412,831. The company has a market capitalization of $32.39 billion, a price-to-earnings ratio of 29.24, a price-to-earnings-growth ratio of 0.36 and a beta of 0.65. The company has a current ratio of 0.71, a quick ratio of 0.57 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $56.45 and a 200 day simple moving average of $53.04. 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 announced its quarterly earnings results on Tuesday, July 22nd. The oil and gas producer reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.07). EQT had a return on equity of 6.24% and a net margin of 15.87%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the prior year, the business earned ($0.08) earnings per share. As a group, equities research analysts forecast that EQT Corporation will post 3.27 earnings per share for the current year.

EQT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 6th will be issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Wednesday, August 6th. EQT's dividend payout ratio is currently 34.05%.

Analysts Set New Price Targets

A number of research firms have commented on EQT. Wells Fargo & Company upped their price target on EQT from $59.00 to $63.00 and gave the company an "overweight" rating in a research report on Monday, June 16th. Royal Bank Of Canada lifted their price objective on shares of EQT from $55.00 to $60.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 8th. Roth Capital assumed coverage on shares of EQT in a research note on Tuesday, June 24th. They issued a "buy" rating and a $69.00 price objective on the stock. Mizuho raised shares of EQT to an "outperform" rating and set a $66.00 target price for the company in a research report on Tuesday, July 8th. Finally, Barclays boosted their price objective on EQT from $65.00 to $68.00 and gave the stock an "overweight" rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $60.79.

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.