13,695 Shares in EQT Co. (NYSE:EQT) Acquired by NBC Securities Inc.

NBC Securities Inc. acquired a new position in EQT Co. (NYSE:EQT - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 13,695 shares of the oil and gas producer's stock, valued at approximately $501,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cetera Investment Advisers purchased a new stake in shares of EQT in the 1st quarter worth approximately $2,274,000. UniSuper Management Pty Ltd grew its stake in shares of EQT by 563.1% in the first quarter. UniSuper Management Pty Ltd now owns 29,102 shares of the oil and gas producer's stock worth $1,079,000 after acquiring an additional 24,713 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of EQT by 17.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 468,677 shares of the oil and gas producer's stock valued at $17,374,000 after acquiring an additional 70,325 shares in the last quarter. Vanguard Group Inc. raised its position in shares of EQT by 8.4% in the 1st quarter. Vanguard Group Inc. now owns 50,865,664 shares of the oil and gas producer's stock worth $1,885,590,000 after purchasing an additional 3,942,802 shares during the last quarter. Finally, Swedbank AB bought a new position in EQT in the 1st quarter worth about $4,073,000. Hedge funds and other institutional investors own 90.81% of the company's stock.

EQT Trading Down 1.6 %

Shares of EQT stock traded down $0.58 during trading hours on Friday, reaching $36.48. 5,360,355 shares of the stock were exchanged, compared to its average volume of 7,071,257. The firm has a market capitalization of $16.11 billion, a price-to-earnings ratio of 26.84 and a beta of 1.06. EQT Co. has a 12-month low of $30.02 and a 12-month high of $45.23. The company's 50-day moving average price is $34.28 and its 200-day moving average price is $36.62. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.33.

EQT (NYSE:EQT - Get Free Report) last released its earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) EPS for the quarter, beating analysts' consensus estimates of ($0.20) by $0.12. EQT had a return on equity of 4.52% and a net margin of 12.45%. The firm had revenue of $952.51 million for the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter in the prior year, the firm posted ($0.17) earnings per share. The company's quarterly revenue was down 6.5% on a year-over-year basis. As a group, equities analysts anticipate that EQT Co. will post 1.37 earnings per share for the current year.

EQT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be given a dividend of $0.1575 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.63 annualized dividend and a dividend yield of 1.73%. EQT's dividend payout ratio (DPR) is 45.65%.

Wall Street Analyst Weigh In

EQT has been the subject of several recent analyst reports. Wolfe Research initiated coverage on shares of EQT in a research note on Thursday, July 18th. They issued an "outperform" rating and a $51.00 target price on the stock. Stephens cut their price objective on EQT from $47.00 to $46.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their target price on EQT from $37.00 to $39.00 and gave the stock an "overweight" rating in a research report on Thursday, September 26th. Wells Fargo & Company upgraded EQT from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $40.00 to $42.00 in a report on Wednesday, August 14th. Finally, Mizuho decreased their price objective on EQT from $43.00 to $41.00 and set a "neutral" rating on the stock in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, EQT currently has an average rating of "Moderate Buy" and a consensus price target of $42.18.

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.