Fort Sheridan Advisors LLC Invests $690,000 in EQT Co. (NYSE:EQT)

Fort Sheridan Advisors LLC purchased a new stake in shares of EQT Co. (NYSE:EQT - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 14,970 shares of the oil and gas producer's stock, valued at approximately $690,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Private Advisor Group LLC increased its stake in shares of EQT by 14.0% in the third quarter. Private Advisor Group LLC now owns 14,234 shares of the oil and gas producer's stock worth $522,000 after buying an additional 1,748 shares during the period. International Assets Investment Management LLC purchased a new position in shares of EQT in the third quarter valued at about $3,616,000. Allworth Financial LP raised its stake in shares of EQT by 151.3% during the third quarter. Allworth Financial LP now owns 2,093 shares of the oil and gas producer's stock valued at $77,000 after acquiring an additional 1,260 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of EQT by 33.6% during the third quarter. Louisiana State Employees Retirement System now owns 33,400 shares of the oil and gas producer's stock worth $1,224,000 after purchasing an additional 8,400 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of EQT by 23.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 36,019 shares of the oil and gas producer's stock worth $1,320,000 after purchasing an additional 6,776 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.

EQT Stock Up 0.6 %

EQT stock traded up $0.27 during mid-day trading on Monday, hitting $48.44. The company had a trading volume of 1,566,837 shares, compared to its average volume of 8,439,106. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66. The company has a market capitalization of $28.94 billion, a PE ratio of 121.10, a price-to-earnings-growth ratio of 0.64 and a beta of 1.08. The stock's 50 day moving average price is $50.16 and its two-hundred day moving average price is $42.48. 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 announced its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.19. The company had revenue of $1.82 billion for 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%. As a group, sell-side analysts anticipate that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a $0.1575 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a yield of 1.30%. EQT's payout ratio is currently 157.50%.

Insider Activity at EQT

In other EQT news, Director Thomas F. Karam sold 30,154 shares of EQT stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total value of $1,351,803.82. Following the completion of the sale, the director now owns 201,608 shares of the company's stock, valued at approximately $9,038,086.64. This trade represents a 13.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.63% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EQT. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $49.00 price target on shares of EQT in a research report on Monday, January 6th. Morgan Stanley raised their price target on EQT from $45.00 to $56.00 and gave the stock an "overweight" rating in a research note on Monday, November 25th. Sanford C. Bernstein raised shares of EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price objective on the stock in a research report on Wednesday, January 15th. Mizuho raised shares of EQT from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $48.00 to $57.00 in a research report on Monday, December 16th. Finally, Piper Sandler lifted their target price on shares of EQT from $34.00 to $35.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $52.39.

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.