Oak Grove Capital LLC grew its holdings in EQT Co. (NYSE:EQT - Free Report) by 9.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 121,455 shares of the oil and gas producer's stock after acquiring an additional 10,900 shares during the period. EQT comprises approximately 0.8% of Oak Grove Capital LLC's holdings, making the stock its 21st biggest holding. Oak Grove Capital LLC's holdings in EQT were worth $5,600,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Parkside Financial Bank & Trust grew its holdings in EQT by 22.7% during 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 purchasing an additional 193 shares in the last quarter. Wilmington Savings Fund Society FSB grew its holdings in EQT by 4.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer's stock worth $218,000 after acquiring an additional 223 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in EQT by 15.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer's stock worth $79,000 after acquiring an additional 236 shares in the last quarter. Radnor Capital Management LLC grew its holdings in EQT by 0.4% during the 4th quarter. Radnor Capital Management LLC now owns 60,948 shares of the oil and gas producer's stock worth $2,810,000 after acquiring an additional 237 shares in the last quarter. Finally, Waldron Private Wealth LLC grew its holdings in EQT by 0.7% during the 4th quarter. Waldron Private Wealth LLC now owns 37,323 shares of the oil and gas producer's stock worth $1,721,000 after acquiring an additional 251 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.
Analysts Set New Price Targets
Several research analysts have weighed in on the stock. Sanford C. Bernstein raised shares of EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price objective for the company in a report on Wednesday, January 15th. Mizuho raised shares of EQT from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $48.00 to $57.00 in a report on Monday, December 16th. The Goldman Sachs Group reissued a "reduce" rating on shares of EQT in a report on Wednesday, February 12th. Wells Fargo & Company lifted their price target on shares of EQT from $52.00 to $53.00 and gave the company an "overweight" rating in a report on Wednesday, January 8th. Finally, Scotiabank lowered shares of EQT from a "sector outperform" rating to a "sector perform" rating and decreased their price target for the company from $55.00 to $54.00 in a report on Friday, January 17th. Two equities research 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 has a consensus rating of "Hold" and an average price target of $52.44.
Read Our Latest Stock Analysis on EQT
EQT Stock Performance
NYSE:EQT traded up $0.80 during mid-day trading on Friday, hitting $46.96. The stock had a trading volume of 9,479,347 shares, compared to its average volume of 8,826,783. The stock has a market capitalization of $28.06 billion, a price-to-earnings ratio of 117.40, a P/E/G ratio of 0.64 and a beta of 1.12. The company has a 50 day simple moving average of $50.58 and a 200-day simple moving average of $42.89. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66. 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 (NYSE:EQT - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $1.82 billion for 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%. On average, research analysts expect that EQT Co. will post 3.27 earnings per share for the current fiscal year.
EQT Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $0.1575 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.34%. EQT's dividend payout ratio (DPR) is 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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