Jefferies Financial Group Inc. lifted its stake in EQT Corporation (NYSE:EQT - Free Report) by 11.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,474,490 shares of the oil and gas producer's stock after acquiring an additional 151,498 shares during the quarter. EQT makes up 0.7% of Jefferies Financial Group Inc.'s portfolio, making the stock its 9th biggest holding. Jefferies Financial Group Inc. owned 0.25% of EQT worth $78,782,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of EQT. Larson Financial Group LLC boosted its position in EQT by 14.1% during the first quarter. Larson Financial Group LLC now owns 1,582 shares of the oil and gas producer's stock worth $85,000 after purchasing an additional 196 shares during the period. Fidelis Capital Partners LLC boosted its position in EQT by 2.6% during the first quarter. Fidelis Capital Partners LLC now owns 8,281 shares of the oil and gas producer's stock worth $416,000 after purchasing an additional 207 shares during the period. Generali Investments Management Co LLC boosted its position in 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 boosted its position in EQT by 3.9% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 5,783 shares of the oil and gas producer's stock worth $309,000 after purchasing an additional 219 shares during the period. Finally, Huntington National Bank boosted its position in EQT by 7.4% during the fourth quarter. Huntington National Bank now owns 3,265 shares of the oil and gas producer's stock worth $151,000 after purchasing an additional 224 shares during the period. 90.81% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on EQT shares. Jefferies Financial Group reaffirmed a "buy" rating and set a $70.00 target price (up previously from $60.00) on shares of EQT in a research report on Tuesday, July 8th. Scotiabank reiterated a "sector perform" rating and set a $66.00 price target (up from $62.00) on shares of EQT in a report on Friday, July 11th. UBS Group reiterated a "buy" rating on shares of EQT in a report on Monday, July 14th. Royal Bank Of Canada upped their price target on EQT from $55.00 to $60.00 and gave the stock a "sector perform" rating in a report on Tuesday, July 8th. Finally, Roth Capital initiated coverage on EQT in a report on Tuesday, June 24th. They set a "buy" rating and a $69.00 price target for the company. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, EQT presently has an average rating of "Moderate Buy" and a consensus price target of $60.84.
Get Our Latest Stock Analysis on EQT
Insider Activity
In other news, EVP Sarah Fenton sold 12,438 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $51.94, for a total transaction of $646,029.72. Following the sale, the executive vice president directly owned 13,297 shares of the company's stock, valued at $690,646.18. This represents a 48.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.65% of the company's stock.
EQT Price Performance
EQT stock traded down $1.33 during mid-day trading on Friday, hitting $52.42. 7,273,936 shares of the company were exchanged, compared to its average volume of 9,846,872. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average of $56.10 and a 200 day moving average of $53.19. EQT Corporation has a 1-year low of $30.02 and a 1-year high of $61.02. The company has a market capitalization of $32.71 billion, a PE ratio of 28.34, a price-to-earnings-growth ratio of 0.37 and a beta of 0.65.
EQT (NYSE:EQT - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The oil and gas producer reported $0.45 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.07). The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.78 billion. EQT had a return on equity of 6.24% and a net margin of 15.87%. During the same quarter in the previous year, the company posted ($0.08) EPS. As a group, sell-side analysts expect that EQT Corporation will post 3.27 earnings per share for the current year.
EQT Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 6th will be given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, August 6th. EQT's dividend payout ratio is presently 34.05%.
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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