6,333 Shares in EQT Co. (NYSE:EQT) Purchased by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC purchased a new position in EQT Co. (NYSE:EQT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,333 shares of the oil and gas producer’s stock, valued at approximately $234,000.

Several other institutional investors also recently modified their holdings of EQT. Principal Securities Inc. bought a new stake in EQT during the 4th quarter valued at about $51,000. Principal Financial Group Inc. increased its stake in EQT by 17.6% during the 4th quarter. Principal Financial Group Inc. now owns 514,633 shares of the oil and gas producer’s stock valued at $19,896,000 after purchasing an additional 77,003 shares in the last quarter. Avantax Advisory Services Inc. increased its stake in EQT by 18.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 6,112 shares of the oil and gas producer’s stock valued at $236,000 after purchasing an additional 950 shares in the last quarter. Independent Advisor Alliance increased its stake in EQT by 4.6% during the 4th quarter. Independent Advisor Alliance now owns 15,577 shares of the oil and gas producer’s stock valued at $602,000 after purchasing an additional 679 shares in the last quarter. Finally, Kentucky Retirement Systems increased its stake in EQT by 13.2% during the 4th quarter. Kentucky Retirement Systems now owns 32,911 shares of the oil and gas producer’s stock valued at $1,272,000 after purchasing an additional 3,846 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Stephens reduced their price objective on shares of EQT from $47.00 to $46.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. 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 price target for the company. Jefferies Financial Group lifted their price target on shares of EQT from $43.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. StockNews.com raised shares of EQT to a “sell” rating in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of EQT from $42.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $43.71.

EQT Price Performance

Shares of NYSE:EQT opened at $33.27 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.73 and a quick ratio of 0.73. EQT Co. has a 1-year low of $30.02 and a 1-year high of $45.23. The company has a market capitalization of $14.69 billion, a P/E ratio of 24.11 and a beta of 1.06. The firm’s 50 day simple moving average is $33.44 and its two-hundred day simple moving average is $36.50.

EQT (NYSE:EQT) last issued its quarterly earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.12. The business had revenue of $952.51 million for the quarter, compared to the consensus estimate of $1.06 billion. EQT had a net margin of 12.45% and a return on equity of 4.52%. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.17) earnings per share. Research analysts expect that EQT Co. will post 1.44 EPS for the current fiscal year.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Wednesday, August 7th were given a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Wednesday, August 7th. EQT’s payout ratio is currently 45.65%.

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.