EQT Co. (NYSE:EQT) Holdings Boosted by Intech Investment Management LLC

Intech Investment Management LLC grew its holdings in EQT Co. (NYSE:EQT) by 46.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,540 shares of the oil and gas producer’s stock after purchasing an additional 5,843 shares during the period. Intech Investment Management LLC’s holdings in EQT were worth $855,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of EQT. Truvestments Capital LLC purchased a new stake in EQT in the 3rd quarter worth about $30,000. Quarry LP lifted its position in shares of EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 578 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of EQT during the third quarter worth approximately $36,000. Financial Avengers Inc. grew its position in EQT by 100.8% during the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 504 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in EQT by 26.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock valued at $45,000 after buying an additional 205 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on EQT shares. UBS Group boosted their price target on shares of EQT from $54.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. lifted their price objective on EQT from $58.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, March 13th. Stephens raised EQT from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $41.00 to $59.00 in a research report on Tuesday, March 18th. Mizuho upgraded EQT from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $48.00 to $57.00 in a report on Monday, December 16th. Finally, Wells Fargo & Company increased their price objective on EQT from $53.00 to $58.00 and gave the stock an “overweight” rating in a report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $54.50.

EQT Trading Down 1.6 %

EQT stock opened at $52.89 on Monday. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. The firm has a market capitalization of $31.60 billion, a PE ratio of 132.23, a PEG ratio of 0.64 and a beta of 1.12. The business’s 50-day simple moving average is $51.25 and its 200-day simple moving average is $44.28.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $1.81 billion. Equities research analysts forecast that EQT Co. will post 3.27 earnings per share for the current year.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $0.1575 dividend. This represents a $0.63 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Tuesday, February 18th. EQT’s dividend payout ratio (DPR) is presently 157.50%.

EQT Company 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.