ProShare Advisors LLC Purchases 6,359 Shares of EQT Co. (NYSE:EQT)

ProShare Advisors LLC grew its position in shares of EQT Co. (NYSE:EQT - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 111,886 shares of the oil and gas producer's stock after acquiring an additional 6,359 shares during the quarter. ProShare Advisors LLC's holdings in EQT were worth $5,159,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in EQT. 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. EverSource Wealth Advisors LLC boosted its stake in shares of EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock worth $45,000 after buying an additional 205 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its stake in shares of EQT by 4.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer's stock worth $218,000 after buying an additional 223 shares during the last quarter. Huntington National Bank grew its holdings in shares of EQT by 7.4% in the 4th 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 in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of EQT by 15.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer's stock valued at $79,000 after acquiring an additional 236 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

EQT Price Performance

EQT stock opened at $55.83 on Monday. The company has a market capitalization of $33.42 billion, a price-to-earnings ratio of 139.58, a PEG ratio of 0.64 and a beta of 0.59. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. EQT Co. has a 12 month low of $30.02 and a 12 month high of $57.04. The stock's 50 day moving average is $51.59 and its 200-day moving average is $48.90.

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 (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.20. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. Equities research analysts expect that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Wednesday, May 7th. EQT's dividend payout ratio is 110.53%.

Analysts Set New Price Targets

A number of research analysts have weighed in on EQT shares. TD Cowen upgraded EQT from a "hold" rating to a "buy" rating and set a $54.00 price target for the company in a research note on Tuesday, April 8th. Stephens decreased their target price on shares of EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. UBS Group raised shares of EQT from a "neutral" rating to a "buy" rating and upped their price target for the stock from $54.00 to $64.00 in a research report on Monday, May 5th. Citigroup lifted their price objective on shares of EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Finally, The Goldman Sachs Group restated a "reduce" rating on shares of EQT in a research note on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $56.67.

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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