Wedge Capital Management L L P NC Buys 63,190 Shares of EQT Co. (NYSE:EQT)

Wedge Capital Management L L P NC boosted its holdings in EQT Co. (NYSE:EQT - Free Report) by 14.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 511,988 shares of the oil and gas producer's stock after purchasing an additional 63,190 shares during the quarter. Wedge Capital Management L L P NC owned about 0.12% of EQT worth $19,793,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of EQT. BKM Wealth Management LLC acquired a new stake in shares of EQT in the 4th quarter worth $40,000. Allworth Financial LP boosted its holdings in EQT by 26.9% in the 3rd quarter. Allworth Financial LP now owns 1,332 shares of the oil and gas producer's stock valued at $54,000 after purchasing an additional 282 shares in the last quarter. First Command Advisory Services Inc. purchased a new stake in EQT in the 3rd quarter valued at approximately $54,000. AdvisorNet Financial Inc increased its position in EQT by 709.5% during the 3rd quarter. AdvisorNet Financial Inc now owns 1,449 shares of the oil and gas producer's stock worth $59,000 after purchasing an additional 1,270 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of EQT by 52.6% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,563 shares of the oil and gas producer's stock worth $60,000 after buying an additional 539 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EQT. Mizuho upped their price objective on EQT from $39.00 to $40.00 and gave the stock a "neutral" rating in a report on Tuesday, April 16th. Morgan Stanley increased their price target on shares of EQT from $37.00 to $49.00 and gave the company an "overweight" rating in a report on Wednesday, April 17th. The Goldman Sachs Group decreased their price objective on shares of EQT from $48.00 to $43.00 and set a "buy" rating on the stock in a report on Tuesday, April 2nd. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $37.00 target price (down from $39.00) on shares of EQT in a report on Wednesday, March 20th. Finally, Scotiabank raised EQT from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the stock from $40.00 to $52.00 in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $43.38.

EQT Stock Up 3.7 %

NYSE EQT traded up $1.34 during trading hours on Monday, reaching $37.99. 10,531,499 shares of the company traded hands, compared to its average volume of 6,472,208. The company has a 50 day moving average of $35.98 and a two-hundred day moving average of $38.02. The stock has a market capitalization of $16.73 billion, a PE ratio of 8.94 and a beta of 1.12. EQT Co. has a 12 month low of $30.84 and a 12 month high of $45.23. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.37.

EQT (NYSE:EQT - Get Free Report) last issued its earnings results on Tuesday, February 13th. The oil and gas producer reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.58 billion. EQT had a return on equity of 7.12% and a net margin of 25.12%. The business's revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 EPS. As a group, equities analysts expect that EQT Co. will post 1.07 earnings per share for the current year.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Wednesday, May 8th will be issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Tuesday, May 7th. EQT's dividend payout ratio (DPR) is presently 14.82%.

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.