Stratos Investment Management LLC Makes New Investment in EQT Corporation (NYSE:EQT)

Stratos Investment Management LLC purchased a new stake in EQT Corporation (NYSE:EQT - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 21,992 shares of the oil and gas producer's stock, valued at approximately $1,175,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. EverSource Wealth Advisors LLC boosted 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 valued at $45,000 after purchasing an additional 205 shares during the period. Generali Investments Management Co LLC boosted its position in EQT by 14.1% during the 1st quarter. Generali Investments Management Co LLC now owns 1,711 shares of the oil and gas producer's stock worth $91,000 after acquiring an additional 211 shares during the period. Bartlett & CO. Wealth Management LLC boosted its position in EQT by 3.9% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 5,783 shares of the oil and gas producer's stock worth $309,000 after acquiring an additional 219 shares during the period. Huntington National Bank boosted its position in EQT by 7.4% during the 4th quarter. Huntington National Bank now owns 3,265 shares of the oil and gas producer's stock worth $151,000 after acquiring an additional 224 shares during the period. Finally, Blue Trust Inc. boosted its position in EQT by 16.1% during the 1st quarter. Blue Trust Inc. now owns 1,806 shares of the oil and gas producer's stock worth $96,000 after acquiring an additional 250 shares during the period. Institutional investors and hedge funds own 90.81% of the company's stock.

EQT Stock Performance

Shares of EQT stock traded up $0.81 during trading on Friday, reaching $55.33. The company had a trading volume of 5,152,372 shares, compared to its average volume of 8,043,542. The firm's 50 day simple moving average is $56.14 and its two-hundred day simple moving average is $52.39. 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 Corporation has a one year low of $30.02 and a one year high of $61.02. The company has a market capitalization of $33.13 billion, a PE ratio of 97.07, a PEG ratio of 0.34 and a beta of 0.65.

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 for the quarter, beating analysts' consensus estimates of $0.98 by $0.20. EQT had a return on equity of 5.52% and a net margin of 6.59%. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.16 billion. Sell-side analysts forecast that EQT Corporation will post 3.27 earnings per share for the current year.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th were given a $0.1575 dividend. This represents a $0.63 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Wednesday, May 7th. EQT's dividend payout ratio is currently 110.53%.

Analyst Ratings Changes

A number of brokerages have commented on EQT. Roth Capital began coverage on EQT in a research report on Tuesday, June 24th. They set a "buy" rating and a $69.00 price objective for the company. Mizuho upgraded EQT to an "outperform" rating and set a $66.00 price objective for the company in a research report on Tuesday. 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 report on Monday, June 16th. Stephens decreased their price objective on EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Finally, Wall Street Zen lowered EQT from a "hold" rating to a "sell" rating in a research report on Monday, April 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $60.15.

EQT 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.