Sowell Financial Services LLC bought a new stake in EQT Corporation (NYSE:EQT - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 7,619 shares of the oil and gas producer's stock, valued at approximately $407,000.
Several other hedge funds also recently modified their holdings of EQT. Allworth Financial LP increased its position in shares of EQT by 37.4% during the 4th quarter. Allworth Financial LP now owns 2,876 shares of the oil and gas producer's stock valued at $133,000 after purchasing an additional 783 shares during the period. J.W. Cole Advisors Inc. boosted its stake in shares of EQT by 26.3% during the 4th quarter. J.W. Cole Advisors Inc. now owns 7,732 shares of the oil and gas producer's stock worth $357,000 after acquiring an additional 1,611 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of EQT by 1.3% during the 4th quarter. Principal Financial Group Inc. now owns 709,517 shares of the oil and gas producer's stock worth $32,716,000 after acquiring an additional 8,803 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of EQT by 2.2% during the 4th quarter. Sanctuary Advisors LLC now owns 64,911 shares of the oil and gas producer's stock worth $2,993,000 after acquiring an additional 1,404 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of EQT by 4.8% during the 4th quarter. CIBC Asset Management Inc now owns 90,492 shares of the oil and gas producer's stock worth $4,173,000 after acquiring an additional 4,139 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.
EQT Price Performance
EQT opened at $60.49 on Friday. The stock has a market cap of $36.21 billion, a price-to-earnings ratio of 106.12, a PEG ratio of 0.37 and a beta of 0.65. EQT Corporation has a 1 year low of $30.02 and a 1 year high of $60.80. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.33. The stock has a fifty day moving average price of $54.15 and a 200 day moving average price of $51.09.
EQT (NYSE:EQT - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.20. EQT had a return on equity of 5.52% and a net margin of 6.59%. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. Analysts forecast that EQT Corporation will post 3.27 EPS for the current fiscal year.
EQT Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th were paid a $0.1575 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.04%. EQT's payout ratio is presently 110.53%.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on EQT shares. TD Cowen raised EQT from a "hold" rating to a "buy" rating and set a $54.00 price objective for the company in a research note on Tuesday, April 8th. Scotiabank reissued a "sector perform" rating and set a $62.00 price objective (up from $57.00) on shares of EQT in a research note on Thursday, May 22nd. Wells Fargo & Company raised their price objective on EQT from $59.00 to $63.00 and gave the stock an "overweight" rating in a research note on Monday, June 16th. Morgan Stanley raised their price objective on EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. raised their target price on EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, EQT currently has an average rating of "Moderate Buy" and an average target price of $57.39.
Read Our Latest Stock Report on EQT
EQT Company 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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