US Bancorp DE Buys 5,951 Shares of EQT Co. (NYSE:EQT)

US Bancorp DE increased its holdings in EQT Co. (NYSE:EQT - Free Report) by 16.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,125 shares of the oil and gas producer's stock after purchasing an additional 5,951 shares during the quarter. US Bancorp DE's holdings in EQT were worth $1,896,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Janney Montgomery Scott LLC raised its holdings in shares of EQT by 71.7% during the third quarter. Janney Montgomery Scott LLC now owns 215,158 shares of the oil and gas producer's stock valued at $7,883,000 after purchasing an additional 89,866 shares during the period. National Pension Service grew its holdings in EQT by 6.3% during the third quarter. National Pension Service now owns 756,413 shares of the oil and gas producer's stock worth $27,715,000 after buying an additional 44,713 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in EQT by 34.4% during the third quarter. Asset Management One Co. Ltd. now owns 212,761 shares of the oil and gas producer's stock worth $7,796,000 after buying an additional 54,398 shares in the last quarter. Gulf International Bank UK Ltd grew its holdings in EQT by 47.9% during the third quarter. Gulf International Bank UK Ltd now owns 45,124 shares of the oil and gas producer's stock worth $1,653,000 after buying an additional 14,611 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in EQT by 40.6% during the third quarter. Concurrent Investment Advisors LLC now owns 8,891 shares of the oil and gas producer's stock worth $326,000 after buying an additional 2,567 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.

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EQT Trading Up 1.7 %

Shares of EQT stock traded up $0.80 during trading hours on Friday, reaching $46.96. The company's stock had a trading volume of 9,479,347 shares, compared to its average volume of 8,826,783. The firm's fifty day simple moving average is $50.58 and its 200 day simple moving average is $42.96. The stock has a market capitalization of $28.06 billion, a P/E ratio of 117.40, a P/E/G ratio of 0.64 and a beta of 1.12. EQT Co. has a one year low of $30.02 and a one year high of $56.66. 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 data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.19. The business had revenue of $1.82 billion during the quarter, compared to analysts' expectations of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. Equities research analysts expect that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Tuesday, February 18th. EQT's payout ratio is currently 157.50%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on EQT shares. UBS Group upped their price target on EQT from $54.00 to $58.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Jefferies Financial Group upped their price objective on EQT from $45.00 to $55.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Morgan Stanley upped their price objective on EQT from $45.00 to $56.00 and gave the company an "overweight" rating in a research note on Monday, November 25th. Wells Fargo & Company increased their price target on EQT from $52.00 to $53.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group reiterated a "reduce" rating on shares of EQT in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $52.44.

EQT 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.