Janney Montgomery Scott LLC Has $13.63 Million Position in EQT Corporation (NYSE:EQT)

Janney Montgomery Scott LLC boosted its position in EQT Corporation (NYSE:EQT - Free Report) by 8.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 255,035 shares of the oil and gas producer's stock after buying an additional 20,852 shares during the quarter. Janney Montgomery Scott LLC's holdings in EQT were worth $13,627,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. University of Texas Texas AM Investment Management Co. boosted its position in EQT by 47.7% during the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 960 shares of the oil and gas producer's stock worth $44,000 after acquiring an additional 310 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of EQT by 26.6% in 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 in the last quarter. Parkside Financial Bank & Trust boosted its holdings in EQT by 22.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock worth $48,000 after purchasing an additional 193 shares during the last quarter. First Horizon Advisors Inc. grew its position in EQT by 33.1% in the fourth quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer's stock valued at $55,000 after purchasing an additional 298 shares in the last quarter. Finally, Mascagni Wealth Management Inc. bought a new position in EQT in the fourth quarter valued at $55,000. Institutional investors and hedge funds own 90.81% of the company's stock.

EQT Stock Performance

EQT stock traded up $1.12 during mid-day trading on Friday, hitting $60.49. 11,713,396 shares of the company's stock traded hands, compared to its average volume of 7,935,305. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a 50 day simple moving average of $54.15 and a two-hundred day simple moving average of $51.09. EQT Corporation has a fifty-two week low of $30.02 and a fifty-two week high of $60.80. The stock has a market cap of $36.21 billion, a price-to-earnings ratio of 106.12, a P/E/G ratio of 0.37 and a beta of 0.65.

EQT (NYSE:EQT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share 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 6.59% and a return on equity of 5.52%. On average, research analysts expect that EQT Corporation will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th were issued a $0.1575 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $0.63 annualized dividend and a yield of 1.04%. EQT's dividend payout ratio is currently 110.53%.

Analyst Ratings Changes

EQT has been the topic of several analyst reports. Piper Sandler boosted their price target on shares of EQT from $35.00 to $48.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. TD Cowen raised EQT from a "hold" rating to a "buy" rating and set a $54.00 target price on the stock in a research report on Tuesday, April 8th. Morgan Stanley upped their target price on EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Stephens reduced their price target on EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Finally, UBS Group raised EQT from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $54.00 to $64.00 in a research report on Monday, May 5th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $57.39.

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.