John G Ullman & Associates Inc. purchased a new stake in EQT Co. (NYSE:EQT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 83,000 shares of the oil and gas producer's stock, valued at approximately $3,827,000.
A number of other large investors have also made changes to their positions in the stock. Metis Global Partners LLC grew its position in shares of EQT by 5.2% in the fourth quarter. Metis Global Partners LLC now owns 19,597 shares of the oil and gas producer's stock valued at $904,000 after purchasing an additional 964 shares in the last quarter. US Bancorp DE grew its position in EQT by 16.9% in the fourth quarter. US Bancorp DE now owns 41,125 shares of the oil and gas producer's stock worth $1,896,000 after acquiring an additional 5,951 shares during the period. Fisher Asset Management LLC purchased a new position in EQT in the fourth quarter worth approximately $232,000. Dynasty Wealth Management LLC grew its position in EQT by 21.0% in the fourth quarter. Dynasty Wealth Management LLC now owns 8,668 shares of the oil and gas producer's stock worth $400,000 after acquiring an additional 1,506 shares during the period. Finally, Fielder Capital Group LLC purchased a new position in EQT in the fourth quarter worth approximately $4,149,000. 90.81% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on EQT. Jefferies Financial Group increased their price objective on EQT from $45.00 to $55.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. increased their price objective on EQT from $53.00 to $58.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. UBS Group upped their price target on EQT from $54.00 to $58.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Sanford C. Bernstein upgraded EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price target on the stock in a research note on Wednesday, January 15th. Finally, The Goldman Sachs Group restated a "reduce" rating on shares of EQT in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $52.39.
Read Our Latest Research Report on EQT
EQT Stock Up 0.3 %
EQT stock traded up $0.18 during midday trading on Wednesday, reaching $50.18. The company's stock had a trading volume of 9,444,246 shares, compared to its average volume of 8,734,917. EQT Co. has a fifty-two week low of $30.02 and a fifty-two week high of $56.66. 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 company has a market cap of $29.98 billion, a P/E ratio of 125.44, a P/E/G ratio of 0.64 and a beta of 1.08. The business has a 50-day simple moving average of $50.48 and a 200-day simple moving average of $42.77.
EQT (NYSE:EQT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, beating 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 analysts' expectations of $1.81 billion. On average, research analysts expect 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 was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT's payout ratio is 157.50%.
EQT Company Profile
(
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.
Further Reading
Before you consider EQT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EQT wasn't on the list.
While EQT currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
