MinichMacGregor Wealth Management LLC Purchases 31,511 Shares of EQT Co. (NYSE:EQT)

MinichMacGregor Wealth Management LLC lifted its position in EQT Co. (NYSE:EQT - Free Report) by 35.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 119,785 shares of the oil and gas producer's stock after buying an additional 31,511 shares during the period. EQT comprises 1.3% of MinichMacGregor Wealth Management LLC's portfolio, making the stock its 29th largest holding. MinichMacGregor Wealth Management LLC's holdings in EQT were worth $4,631,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EQT. BKM Wealth Management LLC purchased a new stake in EQT during the 4th quarter valued at $40,000. Principal Securities Inc. purchased a new stake in shares of EQT during the fourth quarter valued at $51,000. Allworth Financial LP increased 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 worth $54,000 after buying an additional 282 shares in the last quarter. First Command Advisory Services Inc. purchased a new position in EQT in the 3rd quarter worth about $54,000. Finally, Massmutual Trust Co. FSB ADV lifted its stake in 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 valued at $60,000 after acquiring an additional 539 shares during the period. Hedge funds and other institutional investors own 90.81% of the company's stock.

Analysts Set New Price Targets

EQT has been the subject of a number of research analyst reports. Morgan Stanley lifted their price target on shares of EQT from $37.00 to $49.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 17th. Scotiabank boosted their target price on shares of EQT from $52.00 to $54.00 and gave the company a "sector outperform" rating in a research note on Thursday, May 9th. Sanford C. Bernstein upgraded EQT from an "underperform" rating to a "market perform" rating and raised their price target for the stock from $27.00 to $34.00 in a research note on Wednesday, April 10th. Mizuho upped their price objective on EQT from $43.00 to $45.00 and gave the company a "neutral" rating in a research report on Monday. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $37.00 target price (down from $39.00) on shares of EQT in a research report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, EQT has an average rating of "Hold" and a consensus target price of $44.94.

EQT Price Performance

NYSE EQT traded up $0.92 during trading hours on Tuesday, reaching $40.71. The company's stock had a trading volume of 4,524,712 shares, compared to its average volume of 6,491,987. EQT Co. has a 1 year low of $32.07 and a 1 year high of $45.23. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $17.98 billion, a price-to-earnings ratio of 29.50 and a beta of 1.09. The firm's 50-day moving average price is $37.19 and its 200-day moving average price is $37.67.

EQT (NYSE:EQT - Get Free Report) last released its earnings results on Tuesday, April 23rd. The oil and gas producer reported $0.82 EPS for the quarter, topping the consensus estimate of $0.65 by $0.17. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.58 billion. EQT had a net margin of 10.96% and a return on equity of 4.57%. The company's quarterly revenue was down 28.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.70 earnings per share. On average, equities research analysts predict that EQT Co. will post 1.03 EPS for the current fiscal year.

EQT Dividend Announcement

The company also recently announced 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. The ex-dividend date is Tuesday, May 7th. This represents a $0.63 annualized dividend and a dividend yield of 1.55%. EQT's dividend payout ratio (DPR) is 45.65%.

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.

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