Quantinno Capital Management LP Acquires 13,454 Shares of EQT Co. (NYSE:EQT)

Quantinno Capital Management LP grew its position in shares of EQT Co. (NYSE:EQT - Free Report) by 14.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,729 shares of the oil and gas producer's stock after purchasing an additional 13,454 shares during the period. Quantinno Capital Management LP's holdings in EQT were worth $4,921,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Park Avenue Securities LLC purchased a new stake in EQT in the fourth quarter worth approximately $364,000. Procyon Advisors LLC lifted its holdings in shares of EQT by 55.3% in the 4th quarter. Procyon Advisors LLC now owns 37,081 shares of the oil and gas producer's stock worth $1,710,000 after acquiring an additional 13,209 shares during the last quarter. Merit Financial Group LLC purchased a new stake in shares of EQT in the 4th quarter valued at $214,000. Somerset Trust Co bought a new position in shares of EQT during the 4th quarter valued at $354,000. Finally, Canoe Financial LP raised its position in EQT by 1.7% in the 4th quarter. Canoe Financial LP now owns 2,542,000 shares of the oil and gas producer's stock worth $116,750,000 after purchasing an additional 42,000 shares during the period. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

EQT Stock Down 0.8%

EQT traded down $0.43 on Wednesday, hitting $55.72. The company had a trading volume of 5,667,940 shares, compared to its average volume of 7,936,310. The stock has a fifty day simple moving average of $51.86 and a 200-day simple moving average of $49.09. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The firm has a market capitalization of $33.35 billion, a P/E ratio of 139.29, a P/E/G ratio of 0.64 and a beta of 0.59. 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 earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 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 4.35% and a net margin of 4.37%. As a group, equities analysts expect 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 will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Wednesday, May 7th. EQT's dividend payout ratio (DPR) is presently 110.53%.

Wall Street Analyst Weigh In

Several analysts have issued reports on EQT shares. Wells Fargo & Company upped their price target on shares of EQT from $53.00 to $58.00 and gave the company an "overweight" rating in a research report on Wednesday, March 19th. Stephens reduced their price target on EQT from $59.00 to $57.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. 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. StockNews.com lowered EQT from a "hold" rating to a "sell" rating in a research note on Monday, April 7th. Finally, TD Cowen raised shares of EQT from a "hold" rating to a "buy" rating and set a $54.00 target price on the stock in a research note on Tuesday, April 8th. Two 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 stock has a consensus rating of "Moderate Buy" and a consensus price target of $56.67.

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.