SageView Advisory Group LLC Buys New Shares in EQT Co. (NYSE:EQT)

SageView Advisory Group LLC bought a new stake in shares of EQT Co. (NYSE:EQT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,700 shares of the oil and gas producer's stock, valued at approximately $401,000.

A number of other institutional investors also recently bought and sold shares of EQT. Sanctuary Advisors LLC increased its stake in shares of EQT by 104.7% in the third quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer's stock worth $2,327,000 after purchasing an additional 32,484 shares in the last quarter. Retirement Systems of Alabama lifted its holdings in EQT by 36.7% in the 3rd quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer's stock worth $4,878,000 after purchasing an additional 35,733 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in EQT by 44.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,555 shares of the oil and gas producer's stock worth $2,379,000 after purchasing an additional 16,416 shares during the period. D.A. Davidson & CO. raised its position in shares of EQT by 13.4% during the fourth quarter. D.A. Davidson & CO. now owns 6,467 shares of the oil and gas producer's stock valued at $298,000 after buying an additional 762 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of EQT by 15.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 41,508 shares of the oil and gas producer's stock worth $1,914,000 after buying an additional 5,489 shares in the last quarter. 90.81% of the stock is owned by institutional investors.

EQT Trading Up 0.3 %

Shares of NYSE EQT traded up $0.16 during midday trading on Friday, hitting $51.01. The company's stock had a trading volume of 5,000,185 shares, compared to its average volume of 7,772,903. The business's 50 day moving average is $50.75 and its two-hundred day moving average is $46.61. The firm has a market cap of $30.47 billion, a P/E ratio of 127.52, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35. 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 Co. has a 12-month low of $30.02 and a 12-month high of $56.66.

EQT (NYSE:EQT - Get Free Report) last posted 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 net margin of 4.37% and a return on equity of 4.35%. The firm had revenue of $1.82 billion for the quarter, compared to analysts' expectations of $1.81 billion. As a group, equities research analysts expect that EQT Co. will post 3.27 EPS for the current year.

EQT Announces Dividend

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

Analysts Set New Price Targets

Several analysts have commented on the stock. Scotiabank cut shares of EQT from a "sector outperform" rating to a "sector perform" rating and decreased their price target for the stock from $55.00 to $54.00 in a research note on Friday, January 17th. Sanford C. Bernstein raised EQT from a "market perform" rating to an "outperform" rating and set a $73.00 price target for the company in a research note on Wednesday, January 15th. JPMorgan Chase & Co. lifted their price objective on EQT from $58.00 to $60.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. Citigroup increased their target price on EQT from $51.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Finally, StockNews.com cut shares of EQT from a "hold" rating to a "sell" rating in a research report on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $55.56.

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.