Tower Research Capital LLC TRC Raises Stock Position in EQT Co. (NYSE:EQT)

Tower Research Capital LLC TRC raised its stake in EQT Co. (NYSE:EQT - Free Report) by 61.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,341 shares of the oil and gas producer's stock after acquiring an additional 11,181 shares during the period. Tower Research Capital LLC TRC's holdings in EQT were worth $1,353,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its stake in EQT by 26.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock valued at $45,000 after purchasing an additional 205 shares in the last quarter. Parkside Financial Bank & Trust lifted its position 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 acquiring an additional 193 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in EQT during the 4th quarter valued at $55,000. First Horizon Advisors Inc. increased its holdings in shares of EQT by 33.1% in the 4th quarter. First Horizon Advisors Inc. now owns 1,199 shares of the oil and gas producer's stock worth $55,000 after purchasing an additional 298 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of EQT by 1,343.8% during the fourth quarter. Larson Financial Group LLC now owns 1,386 shares of the oil and gas producer's stock valued at $64,000 after purchasing an additional 1,290 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EQT. Jefferies Financial Group boosted their target price on EQT from $45.00 to $55.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Citigroup raised their target price on shares of EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, March 17th. JPMorgan Chase & Co. boosted their target price on shares of EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. UBS Group dropped their price target on EQT from $55.00 to $54.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Finally, StockNews.com cut EQT from a "hold" rating to a "sell" rating in a research report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $55.39.

EQT Trading Up 1.8 %

NYSE:EQT traded up $0.90 during midday trading on Monday, hitting $51.14. 5,212,077 shares of the company traded hands, compared to its average volume of 7,808,206. 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 12-month low of $30.02 and a 12-month high of $56.66. The firm has a market capitalization of $30.61 billion, a P/E ratio of 127.85, a P/E/G ratio of 0.64 and a beta of 1.35. The firm's fifty day moving average is $50.31 and its 200-day moving average is $47.16.

EQT (NYSE:EQT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.20. EQT had a net margin of 4.37% and a return on equity of 4.35%. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion. On average, sell-side analysts predict that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be paid a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.63 dividend on an annualized basis and a yield of 1.23%. EQT's payout ratio is 110.53%.

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.