Ausdal Financial Partners Inc. Takes Position in EQT Co. (NYSE:EQT)

Ausdal Financial Partners Inc. bought a new position in shares of EQT Co. (NYSE:EQT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,712 shares of the oil and gas producer's stock, valued at approximately $217,000.

Several other institutional investors also recently modified their holdings of the business. Wellington Management Group LLP raised its position in shares of EQT by 38.7% during the third quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer's stock worth $2,716,968,000 after purchasing an additional 20,700,921 shares during the period. State Street Corp raised its holdings in EQT by 24.5% during the 3rd quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer's stock worth $1,359,183,000 after buying an additional 7,290,822 shares during the period. Geode Capital Management LLC lifted its stake in EQT by 34.4% in the third quarter. Geode Capital Management LLC now owns 13,997,574 shares of the oil and gas producer's stock valued at $511,159,000 after buying an additional 3,582,418 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of EQT by 386.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,347,660 shares of the oil and gas producer's stock valued at $205,830,000 after buying an additional 3,454,741 shares during the period. Finally, Holocene Advisors LP bought a new stake in shares of EQT during the third quarter worth $97,979,000. Institutional investors and hedge funds own 90.81% of the company's stock.

EQT Stock Performance

Shares of EQT stock traded up $0.45 during trading on Wednesday, reaching $54.33. The company's stock had a trading volume of 3,261,183 shares, compared to its average volume of 8,160,009. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66. The firm has a market cap of $32.46 billion, a PE ratio of 135.84, a P/E/G ratio of 0.64 and a beta of 1.12. The business's 50-day moving average price is $51.40 and its 200-day moving average price is $45.31. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37.

EQT (NYSE:EQT - Get Free Report) last announced its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.19. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. Equities analysts forecast that EQT Co. will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT's dividend payout ratio (DPR) is currently 157.50%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of EQT from a "sell" rating to a "hold" rating in a research note on Tuesday, March 25th. JPMorgan Chase & Co. lifted their target price on EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. Wells Fargo & Company boosted their price objective on shares of EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 19th. Scotiabank cut EQT from a "sector outperform" rating to a "sector perform" rating and dropped their price objective for the stock from $55.00 to $54.00 in a research note on Friday, January 17th. Finally, The Goldman Sachs Group reissued a "reduce" rating on shares of EQT in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $55.28.

EQT Company 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.