Trust Co. of Toledo NA OH Takes $914,000 Position in EQT Co. (NYSE:EQT)

Trust Co. of Toledo NA OH bought a new stake in shares of EQT Co. (NYSE:EQT - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 17,115 shares of the oil and gas producer's stock, valued at approximately $914,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. University of Texas Texas AM Investment Management Co. boosted its stake in shares of 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 purchasing an additional 310 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of 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 purchasing an additional 205 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of EQT by 22.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock worth $48,000 after purchasing an additional 193 shares during the period. Mascagni Wealth Management Inc. bought a new stake in EQT during the 4th quarter valued at about $55,000. Finally, First Horizon Advisors Inc. lifted its holdings in EQT by 33.1% during the 4th quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer's stock valued at $55,000 after buying an additional 298 shares in the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on EQT shares. Scotiabank restated a "sector perform" rating and issued a $62.00 price target (up previously from $57.00) on shares of EQT in a report on Thursday, May 22nd. Mizuho boosted their price objective on shares of EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. TD Cowen upgraded shares of 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. Stephens reduced their price objective on shares of EQT from $59.00 to $57.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, Wall Street Zen lowered shares of EQT from a "hold" rating to a "sell" rating in a research note on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, EQT currently has a consensus rating of "Moderate Buy" and a consensus target price of $57.39.

EQT Stock Performance

Shares of EQT stock traded up $1.33 during trading on Monday, hitting $58.17. 9,211,213 shares of the company's stock were exchanged, compared to its average volume of 7,911,111. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. The business has a 50-day simple moving average of $53.14 and a 200-day simple moving average of $50.67. EQT Co. has a 52-week low of $30.02 and a 52-week high of $58.73. The stock has a market capitalization of $34.82 billion, a price-to-earnings ratio of 145.43, a PEG ratio of 0.64 and a beta of 0.65.

EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, beating the consensus estimate of $0.98 by $0.20. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. On average, research analysts forecast that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors 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 yield of 1.08%. EQT's dividend payout ratio is presently 110.53%.

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.