EQT Corporation (NYSE:EQT) Shares Acquired by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC raised its stake in shares of EQT Corporation (NYSE:EQT - Free Report) by 67.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,669 shares of the oil and gas producer's stock after purchasing an additional 5,931 shares during the period. Valeo Financial Advisors LLC's holdings in EQT were worth $784,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. M&T Bank Corp raised its holdings in shares of EQT by 7.7% during the first quarter. M&T Bank Corp now owns 28,799 shares of the oil and gas producer's stock valued at $1,538,000 after buying an additional 2,051 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of EQT by 71.1% during the 1st quarter. Stratos Wealth Partners LTD. now owns 45,647 shares of the oil and gas producer's stock valued at $2,439,000 after buying an additional 18,976 shares during the period. Stratos Investment Management LLC acquired a new stake in shares of EQT in the 1st quarter valued at $1,175,000. Brown Advisory Inc. lifted its stake in shares of EQT by 9.9% in the 1st quarter. Brown Advisory Inc. now owns 26,405 shares of the oil and gas producer's stock valued at $1,411,000 after purchasing an additional 2,386 shares during the last quarter. Finally, Ninety One UK Ltd bought a new position in EQT in the 1st quarter worth $8,325,000. Institutional investors and hedge funds own 90.81% of the company's stock.

EQT Price Performance

Shares of EQT stock traded up $0.51 on Friday, reaching $55.03. The company's stock had a trading volume of 2,590,819 shares, compared to its average volume of 8,015,473. The company has a market capitalization of $32.95 billion, a P/E ratio of 96.38, a PEG ratio of 0.35 and a beta of 0.65. EQT Corporation has a 52-week low of $30.02 and a 52-week high of $61.02. The stock has a 50-day moving average price of $56.07 and a 200-day moving average price of $52.32. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.33.

EQT (NYSE:EQT - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (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. Analysts expect that EQT Corporation will post 3.27 EPS for the current year.

EQT Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Citigroup upped their target price on shares of EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, March 17th. Morgan Stanley increased their price objective on shares of EQT from $62.00 to $65.00 and gave the stock an "overweight" rating in a research report on Thursday, April 24th. UBS Group upgraded shares of EQT from a "neutral" rating to a "buy" rating and increased their target price for the stock from $54.00 to $64.00 in a report on Monday, May 5th. Barclays started coverage on shares of EQT in a research note on Monday. They issued an "overweight" rating and a $65.00 price target for the company. Finally, Roth Capital initiated coverage on shares of EQT in a research note on Tuesday, June 24th. They set a "buy" rating and a $69.00 target price for the company. Two research analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $60.15.

About EQT

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.