IFM Investors Pty Ltd Grows Position in EQT Corporation (NYSE:EQT)

IFM Investors Pty Ltd increased its position in shares of EQT Corporation (NYSE:EQT - Free Report) by 11.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 96,862 shares of the oil and gas producer's stock after purchasing an additional 9,562 shares during the quarter. IFM Investors Pty Ltd's holdings in EQT were worth $5,175,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of EQT by 26.6% during the fourth 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 period. Generali Investments Management Co LLC lifted its holdings in shares of EQT by 14.1% during the first quarter. Generali Investments Management Co LLC now owns 1,711 shares of the oil and gas producer's stock worth $91,000 after purchasing an additional 211 shares during the period. Bartlett & CO. Wealth Management LLC lifted its holdings in EQT by 3.9% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 5,783 shares of the oil and gas producer's stock valued at $309,000 after acquiring an additional 219 shares during the period. Huntington National Bank lifted 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 acquiring an additional 224 shares during the period. Finally, Blue Trust Inc. lifted its holdings in EQT by 16.1% in the first quarter. Blue Trust Inc. now owns 1,806 shares of the oil and gas producer's stock valued at $96,000 after acquiring an additional 250 shares during the period. Institutional investors and hedge funds own 90.81% of the company's stock.

EQT Trading Up 1.5%

EQT traded up $0.84 during mid-day trading on Monday, hitting $56.15. 6,809,242 shares of the stock were exchanged, compared to its average volume of 7,982,572. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.33. The company has a market cap of $33.62 billion, a PE ratio of 98.51, a PEG ratio of 0.34 and a beta of 0.65. The firm's fifty day moving average is $55.71 and its two-hundred day moving average is $52.12. 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 issued its earnings results 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. EQT had a return on equity of 5.52% and a net margin of 6.59%. The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. Equities analysts forecast that EQT Corporation will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th were given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Wednesday, May 7th. EQT's dividend payout ratio (DPR) is presently 110.53%.

Analysts Set New Price Targets

A number of research analysts have issued reports on EQT shares. Mizuho boosted their price target on EQT from $57.00 to $60.00 and gave the company an "outperform" rating in a report on Tuesday, April 1st. Scotiabank reissued a "sector perform" rating and issued a $62.00 price target (up from $57.00) on shares of EQT in a report on Thursday, May 22nd. Roth Capital started coverage on EQT in a report on Tuesday, June 24th. They issued a "buy" rating and a $69.00 price target for the company. JPMorgan Chase & Co. boosted 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. Finally, Barclays assumed coverage on EQT in a research note on Monday. They set an "overweight" rating and a $65.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, EQT has a consensus rating of "Moderate Buy" and an average price target of $58.35.

EQT 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.