10,816 Shares in EQT Co. (NYSE:EQT) Acquired by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. bought a new stake in EQT Co. (NYSE:EQT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,816 shares of the oil and gas producer's stock, valued at approximately $499,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Truvestments Capital LLC purchased a new stake in EQT in the third quarter valued at approximately $30,000. Quarry LP grew its position in EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer's stock valued at $33,000 after acquiring an additional 578 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in EQT during the third quarter valued at approximately $36,000. Financial Avengers Inc. grew its position in EQT by 100.8% during the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer's stock valued at $37,000 after acquiring an additional 504 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its position in EQT by 22.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer's stock valued at $48,000 after acquiring an additional 193 shares during the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

EQT Trading Up 1.7 %

NYSE:EQT traded up $0.80 during trading hours on Friday, hitting $46.96. The company had a trading volume of 9,479,347 shares, compared to its average volume of 8,826,783. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The company has a market capitalization of $28.06 billion, a PE ratio of 117.40, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. The stock has a 50-day moving average price of $50.58 and a 200 day moving average price of $42.96. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66.

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EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.50 by $0.19. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. On average, equities research analysts predict that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Tuesday, February 18th. EQT's dividend payout ratio is presently 157.50%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on EQT shares. StockNews.com upgraded shares of EQT to a "sell" rating in a research report on Saturday, February 8th. Scotiabank cut shares of EQT from a "sector outperform" rating to a "sector perform" rating and reduced their price target for the company from $55.00 to $54.00 in a research report on Friday, January 17th. Morgan Stanley increased their price target on shares of EQT from $45.00 to $56.00 and gave the company an "overweight" rating in a research report on Monday, November 25th. UBS Group raised their target price on shares of EQT from $54.00 to $58.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group restated a "reduce" rating on shares of EQT in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $52.44.

About EQT

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.