Morse Asset Management Inc Purchases Shares of 4,455 EQT Corporation (NYSE:EQT)

Morse Asset Management Inc purchased a new stake in EQT Corporation (NYSE:EQT - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,455 shares of the oil and gas producer's stock, valued at approximately $238,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of EQT. Larson Financial Group LLC lifted its stake 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 valued at $85,000 after buying an additional 196 shares in the last quarter. Fidelis Capital Partners LLC lifted its position in shares of EQT by 2.6% in 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 in the last quarter. Generali Investments Management Co LLC lifted its position in shares of EQT by 14.1% in 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 in the last quarter. Bartlett & CO. Wealth Management LLC lifted its position in shares of 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 worth $309,000 after purchasing an additional 219 shares in the last quarter. Finally, Huntington National Bank lifted its position in shares of EQT by 7.4% in 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 in the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EQT has been the subject of a number of research analyst reports. Scotiabank reissued a "sector perform" rating and issued a $66.00 price target (up from $62.00) on shares of EQT in a research report on Friday, July 11th. TD Cowen upgraded EQT from a "hold" rating to a "buy" rating and set a $54.00 price objective on the stock in a report on Tuesday, April 8th. Roth Capital began coverage on EQT in a report on Tuesday, June 24th. They issued a "buy" rating and a $69.00 price objective on the stock. Royal Bank Of Canada increased their price objective on EQT from $55.00 to $60.00 and gave the stock a "sector perform" rating in a report on Tuesday, July 8th. Finally, Jefferies Financial Group restated a "buy" rating and issued a $70.00 price objective (up previously from $60.00) on shares of EQT in a report on Tuesday, July 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, EQT presently has an average rating of "Moderate Buy" and a consensus price target of $60.63.

EQT Stock Up 0.8%

Shares of EQT stock opened at $59.20 on Monday. The stock has a market cap of $35.45 billion, a P/E ratio of 103.86, a price-to-earnings-growth ratio of 0.38 and a beta of 0.65. EQT Corporation has a one year low of $30.02 and a one year high of $61.02. The stock has a fifty day moving average price of $56.63 and a 200 day moving average price of $52.95. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.57 and a quick ratio of 0.57.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.20. The company had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.16 billion. EQT had a return on equity of 5.52% and a net margin of 6.59%. Analysts predict that EQT Corporation 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 Tuesday, September 2nd. Shareholders of record on Wednesday, August 6th will be issued a dividend of $0.1575 per share. The ex-dividend date of this dividend is Wednesday, August 6th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.06%. EQT's payout ratio is presently 110.53%.

About EQT

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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