CIBC Private Wealth Group LLC Has $41.97 Million Position in EQT Co. (NYSE:EQT)

CIBC Private Wealth Group LLC trimmed its holdings in EQT Co. (NYSE:EQT - Free Report) by 25.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 856,465 shares of the oil and gas producer's stock after selling 284,742 shares during the period. CIBC Private Wealth Group LLC owned 0.14% of EQT worth $41,967,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in EQT. Thrivent Financial for Lutherans raised its stake in EQT by 71.4% in the third quarter. Thrivent Financial for Lutherans now owns 30,540 shares of the oil and gas producer's stock valued at $1,119,000 after purchasing an additional 12,723 shares in the last quarter. Cerity Partners LLC raised its position in shares of EQT by 51.4% in the 3rd quarter. Cerity Partners LLC now owns 36,754 shares of the oil and gas producer's stock valued at $1,347,000 after buying an additional 12,480 shares in the last quarter. D.A. Davidson & CO. bought a new stake in shares of EQT during the 3rd quarter worth approximately $209,000. FMR LLC boosted its position in shares of EQT by 2.5% during the 3rd quarter. FMR LLC now owns 1,133,197 shares of the oil and gas producer's stock worth $41,520,000 after acquiring an additional 28,129 shares in the last quarter. Finally, Townsquare Capital LLC raised its position in EQT by 69.5% during the third quarter. Townsquare Capital LLC now owns 13,640 shares of the oil and gas producer's stock valued at $500,000 after purchasing an additional 5,593 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.

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Wall Street Analyst Weigh In

EQT has been the topic of several recent analyst reports. Stephens upgraded EQT from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $41.00 to $59.00 in a research note on Tuesday, March 18th. Citigroup lifted their target price on EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Mizuho increased 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. StockNews.com upgraded shares of EQT from a "sell" rating to a "hold" rating in a research note on Tuesday, March 25th. Finally, Wells Fargo & Company upped 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $55.28.

EQT Trading Up 1.4 %

NYSE:EQT traded up $0.78 on Wednesday, reaching $54.66. 7,590,876 shares of the stock traded hands, compared to its average volume of 7,513,907. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. EQT Co. has a 1-year low of $30.02 and a 1-year high of $56.66. The company's 50 day moving average is $51.40 and its 200-day moving average is $45.31. The firm has a market capitalization of $32.66 billion, a price-to-earnings ratio of 136.65, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12.

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

EQT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Tuesday, February 18th. EQT's dividend payout ratio is 157.50%.

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.