DRW Securities LLC Raises Holdings in EQT Co. (NYSE:EQT)

DRW Securities LLC lifted its stake in EQT Co. (NYSE:EQT - Free Report) by 26.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,683 shares of the oil and gas producer's stock after acquiring an additional 10,500 shares during the period. DRW Securities LLC's holdings in EQT were worth $2,337,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. grew its holdings in shares of EQT by 32,157.1% during the third quarter. Benjamin Edwards Inc. now owns 6,774 shares of the oil and gas producer's stock worth $248,000 after purchasing an additional 6,753 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of EQT by 162.2% during the third quarter. Janus Henderson Group PLC now owns 48,418 shares of the oil and gas producer's stock worth $1,775,000 after purchasing an additional 29,949 shares in the last quarter. Quarry LP boosted its holdings in shares of EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock valued at $33,000 after buying an additional 578 shares during the period. Quantinno Capital Management LP lifted its stake in EQT by 241.7% in the 3rd quarter. Quantinno Capital Management LP now owns 93,275 shares of the oil and gas producer's stock valued at $3,418,000 after acquiring an additional 65,977 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of EQT by 41.5% in the 3rd quarter. Stifel Financial Corp now owns 303,781 shares of the oil and gas producer's stock valued at $11,131,000 after acquiring an additional 89,139 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.

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EQT Stock Performance

Shares of NYSE EQT traded up $0.34 during midday trading on Monday, reaching $49.99. The company had a trading volume of 1,109,823 shares, compared to its average volume of 7,753,632. The company has a current ratio of 0.70, a quick ratio of 0.51 and a debt-to-equity ratio of 0.37. The business's 50-day simple moving average is $50.93 and its 200 day simple moving average is $46.26. The stock has a market cap of $29.87 billion, a P/E ratio of 124.98, a P/E/G ratio of 0.64 and a beta of 1.35. EQT Co. has a 1 year low of $30.02 and a 1 year high of $56.66.

EQT (NYSE:EQT - Get Free Report) last released its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.19. The business 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%. On average, analysts forecast that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The business 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. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 annualized dividend and a dividend yield of 1.26%. EQT's dividend payout ratio is presently 157.50%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. StockNews.com lowered shares of EQT from a "hold" rating to a "sell" rating in a research report on Monday, April 7th. Morgan Stanley restated an "overweight" rating and set a $67.00 price objective (up from $63.00) on shares of EQT in a research report on Wednesday, March 26th. Jefferies Financial Group boosted their price objective on shares of EQT from $45.00 to $55.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Scotiabank downgraded EQT from a "sector outperform" rating to a "sector perform" rating and cut their target price for the company from $55.00 to $54.00 in a research report on Friday, January 17th. Finally, Mizuho raised their price target on EQT from $57.00 to $60.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, EQT has an average rating of "Moderate Buy" and an average target price of $55.72.

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.