22,265 Shares in EQT Co. (NYSE:EQT) Purchased by Hershey Financial Advisers LLC

Hershey Financial Advisers LLC purchased a new stake in EQT Co. (NYSE:EQT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 22,265 shares of the oil and gas producer's stock, valued at approximately $1,027,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in EQT by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 72,530,286 shares of the oil and gas producer's stock valued at $3,344,371,000 after buying an additional 358,649 shares in the last quarter. Fox Run Management L.L.C. boosted its holdings in shares of EQT by 312.3% in the fourth quarter. Fox Run Management L.L.C. now owns 36,186 shares of the oil and gas producer's stock worth $1,669,000 after acquiring an additional 27,409 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of EQT in the fourth quarter valued at $6,096,000. Sei Investments Co. raised its stake in shares of EQT by 49.7% during the 4th quarter. Sei Investments Co. now owns 736,982 shares of the oil and gas producer's stock valued at $33,982,000 after purchasing an additional 244,831 shares during the period. Finally, Mizuho Securities USA LLC lifted its holdings in EQT by 46.8% during the 4th quarter. Mizuho Securities USA LLC now owns 56,552 shares of the oil and gas producer's stock worth $2,608,000 after purchasing an additional 18,032 shares in the last quarter. Institutional investors own 90.81% of the company's stock.

EQT Trading Up 1.4 %

Shares of EQT traded up $0.75 during trading hours on Friday, reaching $53.07. 4,971,078 shares of the company traded hands, compared to its average volume of 7,523,315. 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 $31.71 billion, a price-to-earnings ratio of 132.68, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. The company's fifty day moving average price is $51.38 and its two-hundred day moving average price is $44.84. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37.

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EQT (NYSE:EQT - Get Free Report) last posted 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. EQT had a return on equity of 4.35% and a net margin of 4.37%. The business had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.81 billion. Equities research analysts predict that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.1575 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.19%. EQT's payout ratio is 157.50%.

Analyst Ratings Changes

A number of research firms have weighed in on EQT. Jefferies Financial Group lifted their target price on EQT from $45.00 to $55.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Morgan Stanley restated an "overweight" rating and set a $67.00 target price (up from $63.00) on shares of EQT in a research report on Wednesday. Mizuho raised EQT from a "neutral" rating to an "outperform" rating and raised their price target for the company from $48.00 to $57.00 in a report on Monday, December 16th. Royal Bank of Canada reissued a "sector perform" rating and set a $49.00 price target on shares of EQT in a research note on Monday, January 6th. Finally, UBS Group upped their price objective on shares of EQT from $54.00 to $58.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $55.11.

EQT Company Profile

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.