Stratos Wealth Partners LTD. Has $2.44 Million Stock Position in EQT Corporation (NYSE:EQT)

Stratos Wealth Partners LTD. grew its position in EQT Corporation (NYSE:EQT - Free Report) by 71.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,647 shares of the oil and gas producer's stock after buying an additional 18,976 shares during the period. Stratos Wealth Partners LTD.'s holdings in EQT were worth $2,439,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. University of Texas Texas AM Investment Management Co. lifted its holdings in EQT by 47.7% during 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 lifted its holdings in 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 in the last quarter. Mascagni Wealth Management Inc. acquired a new stake in EQT during the 4th quarter worth approximately $55,000. Larson Financial Group LLC lifted its holdings in EQT by 1,343.8% during 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 lifted its holdings in EQT by 255.5% during 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. Hedge funds and other institutional investors own 90.81% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EQT. UBS Group upgraded shares of EQT from a "neutral" rating to a "buy" rating and raised their price objective for the company from $54.00 to $64.00 in a report on Monday, May 5th. Jefferies Financial Group restated a "buy" rating and issued a $70.00 price objective (up from $60.00) on shares of EQT in a report on Tuesday. Roth Capital began coverage on shares of EQT in a report on Tuesday, June 24th. They issued a "buy" rating and a $69.00 price objective on the stock. Royal Bank Of Canada raised their price objective on shares of EQT from $55.00 to $60.00 and gave the company a "sector perform" rating in a report on Tuesday. Finally, Citigroup raised their price objective on shares of EQT from $51.00 to $60.00 and gave the company a "buy" rating in a report on Monday, March 17th. 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $60.15.

EQT Stock Up 1.5%

Shares of NYSE EQT traded up $0.81 during mid-day 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 stock has a fifty day moving average of $56.07 and a two-hundred day moving average of $52.32. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.57 and a current ratio of 0.57. The company has a market capitalization of $33.13 billion, a price-to-earnings ratio of 28.55, a PEG ratio of 0.34 and a beta of 0.65. EQT Corporation has a 12-month low of $30.02 and a 12-month high of $61.02.

EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, topping 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 firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.16 billion. As a group, equities research analysts expect that EQT Corporation will post 3.27 EPS for the current year.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th were issued a dividend of $0.1575 per share. The ex-dividend date was Wednesday, May 7th. This represents a $0.63 annualized dividend and a yield of 1.14%. EQT's dividend payout ratio (DPR) is presently 110.53%.

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.