Stratos Wealth Partners LTD. lifted its stake in EQT Corporation (NYSE:EQT - Free Report) by 71.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,647 shares of the oil and gas producer's stock after purchasing an additional 18,976 shares during the period. Stratos Wealth Partners LTD.'s holdings in EQT were worth $2,439,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of EQT. University of Texas Texas AM Investment Management Co. increased its stake in EQT by 47.7% in the 4th 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 buying an additional 310 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in 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 buying an additional 205 shares in the last quarter. Mascagni Wealth Management Inc. purchased a new stake in EQT in the 4th quarter worth $55,000. Larson Financial Group LLC increased its stake in EQT by 1,343.8% in the 4th quarter. Larson Financial Group LLC now owns 1,386 shares of the oil and gas producer's stock worth $64,000 after buying an additional 1,290 shares in the last quarter. Finally, Colonial Trust Co SC increased its stake in EQT by 255.5% in the 4th quarter. Colonial Trust Co SC now owns 1,422 shares of the oil and gas producer's stock worth $66,000 after buying an additional 1,022 shares in the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have issued reports on EQT shares. UBS Group upgraded EQT from a "neutral" rating to a "buy" rating and increased their price target for the stock from $54.00 to $64.00 in a research note on Monday, May 5th. Roth Capital began coverage on EQT in a report on Tuesday, June 24th. They issued a "buy" rating and a $69.00 target price on the stock. Mizuho raised EQT to an "outperform" rating and set a $66.00 target price on the stock in a report on Tuesday. Morgan Stanley lifted their target price on EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $70.00 target price (up from $60.00) on shares of EQT in a report on Tuesday. Two research 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's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $59.95.
Get Our Latest Report on EQT
EQT Trading Down 0.7%
EQT opened at $54.51 on Friday. EQT Corporation has a 12 month low of $30.02 and a 12 month high of $61.02. The stock has a 50-day moving average of $56.07 and a 200 day moving average of $52.32. The firm has a market cap of $32.64 billion, a P/E ratio of 95.63, a P/E/G ratio of 0.35 and a beta of 0.65. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.33.
EQT (NYSE:EQT - Get Free Report) last announced its 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. EQT had a return on equity of 5.52% and a net margin of 6.59%. The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.16 billion. As a group, research analysts forecast that EQT Corporation will post 3.27 EPS for the current year.
EQT Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th were given a dividend of $0.1575 per share. The ex-dividend date was Wednesday, May 7th. This represents a $0.63 annualized dividend and a dividend yield of 1.16%. EQT's dividend payout ratio (DPR) is presently 110.53%.
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.
Further Reading
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