Bank of Nova Scotia Has $3.94 Million Position in EQT Co. (NYSE:EQT)

Bank of Nova Scotia increased its holdings in EQT Co. (NYSE:EQT - Free Report) by 37.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,379 shares of the oil and gas producer's stock after purchasing an additional 23,047 shares during the period. Bank of Nova Scotia's holdings in EQT were worth $3,937,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its holdings in shares of EQT by 26.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer's stock worth $45,000 after buying an additional 205 shares in the last quarter. Parkside Financial Bank & Trust increased 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. Stonebridge Financial Group LLC acquired a new position in EQT in the fourth quarter worth $55,000. First Horizon Advisors Inc. grew its holdings in shares of EQT by 33.1% during the fourth 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 during the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of EQT by 1,343.8% in 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 buying an additional 1,290 shares in the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EQT has been the subject of several research reports. JPMorgan Chase & Co. raised their price objective on shares of EQT from $58.00 to $60.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. Citigroup boosted their price objective on shares of EQT from $51.00 to $60.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $49.00 price objective on shares of EQT in a research report on Monday, January 6th. The Goldman Sachs Group restated a "reduce" rating on shares of EQT in a research report on Wednesday, February 12th. Finally, Scotiabank lowered EQT from a "sector outperform" rating to a "sector perform" rating and cut their price target for the company from $55.00 to $54.00 in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $55.56.

EQT Trading Up 0.3 %

EQT stock traded up $0.16 during mid-day trading on Friday, hitting $51.01. 5,000,185 shares of the company's stock were exchanged, compared to its average volume of 7,768,980. The company's 50 day simple moving average is $50.80 and its 200-day simple moving average is $46.51. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $30.47 billion, a P/E ratio of 127.52, a PEG ratio of 0.64 and a beta of 1.35. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $56.66.

EQT (NYSE:EQT - Get Free Report) last released its quarterly 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. EQT had a return on equity of 4.35% and a net margin of 4.37%. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.81 billion. On average, equities analysts anticipate that EQT Co. will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 7th will be given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Wednesday, May 7th. EQT's dividend payout ratio is 157.50%.

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.