NBC Securities Inc. Has $2.72 Million Holdings in EQT Co. (NYSE:EQT)

NBC Securities Inc. raised its holdings in EQT Co. (NYSE:EQT - Free Report) by 391,530.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,912 shares of the oil and gas producer's stock after purchasing an additional 50,899 shares during the period. NBC Securities Inc.'s holdings in EQT were worth $2,720,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EQT. University of Texas Texas AM Investment Management Co. lifted its position in shares of EQT by 47.7% during the fourth 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 purchasing an additional 310 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of EQT by 26.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock worth $45,000 after acquiring an additional 205 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of EQT by 22.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock valued at $48,000 after acquiring an additional 193 shares during the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of EQT during the 4th quarter valued at approximately $55,000. Finally, First Horizon Advisors Inc. lifted its stake in EQT by 33.1% during the fourth quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer's stock worth $55,000 after purchasing an additional 298 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.

EQT Stock Up 0.1%

Shares of NYSE EQT traded up $0.05 during trading hours on Tuesday, hitting $56.71. The stock had a trading volume of 8,246,131 shares, compared to its average volume of 7,909,486. The company has a market capitalization of $33.95 billion, a P/E ratio of 141.79, a P/E/G ratio of 0.64 and a beta of 0.59. The firm's 50-day moving average price is $52.37 and its two-hundred day moving average price is $50.05. 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 52 week low of $30.02 and a 52 week high of $57.37.

EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.20. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.16 billion. Analysts anticipate that EQT Co. will post 3.27 EPS 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 issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Wednesday, May 7th. EQT's payout ratio is currently 110.53%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Piper Sandler increased their target price on shares of EQT from $35.00 to $48.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Stephens dropped their price objective on shares of EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Citigroup lifted their target price on EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, March 17th. Wells Fargo & Company increased their price target on EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. Finally, Morgan Stanley boosted their price objective on EQT from $62.00 to $65.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, EQT presently has a consensus rating of "Moderate Buy" and a consensus price target of $57.11.

EQT Company 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.