Focus Partners Wealth grew its stake in EQT Co. (NYSE:EQT - Free Report) by 29.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,848 shares of the oil and gas producer's stock after buying an additional 4,544 shares during the quarter. Focus Partners Wealth's holdings in EQT were worth $915,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. 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 worth $48,000 after acquiring an additional 193 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock worth $45,000 after purchasing an additional 205 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in shares of EQT by 4.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer's stock worth $218,000 after purchasing an additional 223 shares in the last quarter. Huntington National Bank increased its holdings in EQT by 7.4% in the fourth quarter. Huntington National Bank now owns 3,265 shares of the oil and gas producer's stock valued at $151,000 after buying an additional 224 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in EQT by 15.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer's stock valued at $79,000 after buying an additional 236 shares in the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.
EQT Trading Down 0.2%
EQT traded down $0.11 during trading on Friday, reaching $55.58. The company had a trading volume of 6,812,553 shares, compared to its average volume of 7,927,201. The company 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. The firm's 50-day simple moving average is $52.10 and its 200 day simple moving average is $49.45. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. EQT Co. has a 12-month low of $30.02 and a 12-month high of $57.37.
EQT (NYSE:EQT - Get Free Report) last posted 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. EQT had a return on equity of 4.35% and a net margin of 4.37%. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion. Equities research analysts anticipate that EQT Co. will post 3.27 earnings per share for the current year.
EQT Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be issued a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a yield of 1.13%. EQT's dividend payout ratio is presently 110.53%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. UBS Group upgraded 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 report on Monday, May 5th. Wells Fargo & Company increased their price target on shares of EQT from $53.00 to $58.00 and gave the company an "overweight" rating in a research note on Wednesday, March 19th. The Goldman Sachs Group restated a "reduce" rating on shares of EQT in a research report on Wednesday, February 12th. TD Cowen upgraded shares of EQT from a "hold" rating to a "buy" rating and set a $54.00 target price for the company in a report on Tuesday, April 8th. Finally, Mizuho increased their target price on shares of EQT from $57.00 to $60.00 and gave the company an "outperform" rating in a research report on Tuesday, April 1st. Two 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $57.11.
Check Out Our Latest Stock Report on EQT
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.
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