US Bancorp DE increased its position in shares of EQT Co. (NYSE:EQT) by 24.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 21,598 shares of the oil and gas producer’s stock after acquiring an additional 4,178 shares during the period. US Bancorp DE’s holdings in EQT were worth $448,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in EQT. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of EQT during the 1st quarter valued at $29,000. JOYN Advisors Inc. increased its holdings in EQT by 282.1% in the 4th quarter. JOYN Advisors Inc. now owns 3,546 shares of the oil and gas producer’s stock valued at $67,000 after acquiring an additional 2,618 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its holdings in EQT by 287.0% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 4,184 shares of the oil and gas producer’s stock valued at $79,000 after acquiring an additional 3,103 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in EQT by 3,355.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,989,646 shares of the oil and gas producer’s stock valued at $105,000 after acquiring an additional 1,932,069 shares during the last quarter. Finally, Sciencast Management LP bought a new stake in EQT in the 1st quarter valued at $203,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.
EQT has been the topic of a number of research reports. Cowen initiated coverage on shares of EQT in a report on Tuesday, April 9th. They issued a “market perform” rating and a $24.00 price target on the stock. Wells Fargo & Co upgraded shares of EQT from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a report on Monday, May 20th. TD Securities lifted their price target on shares of EQT from $21.00 to $22.00 and gave the company a “hold” rating in a report on Wednesday, February 20th. MKM Partners reiterated a “neutral” rating and issued a $23.00 price target on shares of EQT in a report on Tuesday, April 16th. Finally, Macquarie initiated coverage on shares of EQT in a report on Wednesday, May 29th. They issued a “neutral” rating and a $21.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. EQT has a consensus rating of “Hold” and a consensus price target of $34.38.
Shares of EQT stock traded down $0.17 during trading hours on Friday, reaching $15.96. The company’s stock had a trading volume of 82,268 shares, compared to its average volume of 3,494,605. EQT Co. has a one year low of $15.66 and a one year high of $31.28. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.39. The company has a market cap of $4.09 billion, a PE ratio of 9.38, a price-to-earnings-growth ratio of 1.12 and a beta of 0.74.
EQT (NYSE:EQT) last posted its earnings results on Thursday, April 25th. The oil and gas producer reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.11. EQT had a negative net margin of 10.17% and a positive return on equity of 4.51%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the firm posted $0.67 EPS. The business’s quarterly revenue was down 12.9% on a year-over-year basis. As a group, sell-side analysts expect that EQT Co. will post 1.41 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Saturday, June 1st. Investors of record on Wednesday, May 15th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.75%. EQT’s dividend payout ratio is presently 7.06%.
In related news, EVP Erin R. Centofanti acquired 7,765 shares of the stock in a transaction on Friday, March 29th. The stock was bought at an average cost of $20.83 per share, with a total value of $161,744.95. Following the transaction, the executive vice president now directly owns 59,594 shares in the company, valued at $1,241,343.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert Joseph Mcnally acquired 13,572 shares of the stock in a transaction on Wednesday, May 29th. The stock was bought at an average cost of $18.37 per share, with a total value of $249,317.64. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 35,082 shares of company stock valued at $696,893. 0.68% of the stock is owned by corporate insiders.
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EQT Corporation operates as a natural gas production company in the United States. It produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2018, this segment had 21.8 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 1.4 million gross acres.
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