Wealthfront Advisers LLC Buys 8,147 Shares of EQT Corporation (NYSE:EQT)

Wealthfront Advisers LLC increased its stake in shares of EQT Corporation (NYSE:EQT - Free Report) by 23.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 43,591 shares of the oil and gas producer's stock after purchasing an additional 8,147 shares during the period. Wealthfront Advisers LLC's holdings in EQT were worth $2,329,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of EQT by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 72,530,286 shares of the oil and gas producer's stock valued at $3,344,371,000 after acquiring an additional 358,649 shares during the last quarter. Geode Capital Management LLC raised its position in shares of EQT by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 14,427,307 shares of the oil and gas producer's stock worth $663,552,000 after acquiring an additional 429,733 shares in the last quarter. Capital International Investors raised its position in shares of EQT by 21.3% in the 4th quarter. Capital International Investors now owns 13,855,244 shares of the oil and gas producer's stock worth $638,867,000 after acquiring an additional 2,433,632 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of EQT by 14.7% in the 4th quarter. Clearbridge Investments LLC now owns 13,829,938 shares of the oil and gas producer's stock worth $637,698,000 after buying an additional 1,774,696 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of EQT by 46.3% in the 4th quarter. Invesco Ltd. now owns 13,143,774 shares of the oil and gas producer's stock worth $606,059,000 after buying an additional 4,162,065 shares during the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

EQT Stock Performance

EQT stock traded up $0.45 during trading on Friday, reaching $59.20. The company had a trading volume of 6,066,929 shares, compared to its average volume of 7,822,772. EQT Corporation has a 52 week low of $30.02 and a 52 week high of $61.02. The firm's 50-day simple moving average is $56.63 and its 200 day simple moving average is $52.91. The firm has a market capitalization of $35.45 billion, a price-to-earnings ratio of 103.86, a price-to-earnings-growth ratio of 0.38 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 posted its quarterly earnings results on Tuesday, April 22nd. The oil and gas producer reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.20. The business had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.16 billion. EQT had a return on equity of 5.52% and a net margin of 6.59%. Sell-side analysts forecast that EQT Corporation will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 6th will be issued a dividend of $0.1575 per share. The ex-dividend date of this dividend is Wednesday, August 6th. This represents a $0.63 dividend on an annualized basis and a yield of 1.06%. EQT's dividend payout ratio is presently 110.53%.

Analysts Set New Price Targets

Several research firms recently weighed in on EQT. UBS Group restated a "buy" rating on shares of EQT in a research note on Monday, July 14th. Mizuho upgraded EQT to an "outperform" rating and set a $66.00 price target on the stock in a research note on Tuesday, July 8th. Scotiabank restated a "sector perform" rating and issued a $66.00 price target (up previously from $62.00) on shares of EQT in a research note on Friday, July 11th. TD Cowen upgraded EQT from a "hold" rating to a "buy" rating and set a $54.00 target price on the stock in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company increased their target price on EQT from $59.00 to $63.00 and gave the company an "overweight" rating in a research note on Monday, June 16th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.63.

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.