Bedell Frazier Investment Counselling LLC acquired a new stake in EQT Co. (NYSE:EQT - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 41,907 shares of the oil and gas producer's stock, valued at approximately $1,932,000.
Other hedge funds have also added to or reduced their stakes in the company. Quarry LP lifted its position in shares of EQT by 184.7% in the 3rd quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock worth $33,000 after purchasing an additional 578 shares during the period. Financial Avengers Inc. raised its stake in shares of EQT by 100.8% in the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer's stock worth $37,000 after purchasing an additional 504 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of EQT by 26.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock worth $45,000 after acquiring an additional 205 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in EQT by 22.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock valued at $48,000 after buying an additional 193 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new stake in EQT during the fourth quarter worth $55,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group raised their price target on shares of EQT from $45.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Mizuho upped their target price on shares of EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a report on Tuesday. Citigroup lifted their price target on EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Scotiabank lowered shares of EQT from a "sector outperform" rating to a "sector perform" rating and cut their target price for the stock from $55.00 to $54.00 in a research report on Friday, January 17th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $67.00 price target (up from $63.00) on shares of EQT in a research report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $55.28.
Check Out Our Latest Report on EQT
EQT Stock Down 4.4 %
Shares of NYSE:EQT traded down $2.40 on Thursday, hitting $52.22. 8,142,001 shares of the company traded hands, compared to its average volume of 7,531,693. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The company has a market cap of $31.20 billion, a PE ratio of 130.64, a PEG ratio of 0.64 and a beta of 1.12. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66. The stock has a 50 day simple moving average of $51.43 and a 200-day simple moving average of $45.37.
EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.19. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. As a group, research analysts expect that EQT Co. will post 3.27 earnings per share for the current year.
EQT Dividend Announcement
The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT's payout ratio is currently 157.50%.
About EQT
(
Free Report)
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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