Bleakley Financial Group LLC Has $898,000 Holdings in EQT Co. (NYSE:EQT)

Bleakley Financial Group LLC decreased its holdings in shares of EQT Co. (NYSE:EQT) by 82.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,497 shares of the oil and gas producer’s stock after selling 114,368 shares during the quarter. Bleakley Financial Group LLC’s holdings in EQT were worth $898,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of EQT. American International Group Inc. raised its position in shares of EQT by 9.3% during the 4th quarter. American International Group Inc. now owns 107,443 shares of the oil and gas producer’s stock valued at $4,154,000 after acquiring an additional 9,157 shares during the last quarter. Czech National Bank increased its holdings in EQT by 0.5% in the first quarter. Czech National Bank now owns 72,374 shares of the oil and gas producer’s stock valued at $2,683,000 after purchasing an additional 332 shares during the last quarter. Park Avenue Securities LLC lifted its stake in EQT by 3.8% in the first quarter. Park Avenue Securities LLC now owns 8,153 shares of the oil and gas producer’s stock valued at $302,000 after buying an additional 300 shares during the period. Ballentine Partners LLC bought a new position in EQT during the first quarter worth about $215,000. Finally, Global Assets Advisory LLC acquired a new position in shares of EQT during the 1st quarter worth about $9,834,000. 90.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $45.00 price target on shares of EQT in a research report on Friday, September 13th. Citigroup raised shares of EQT from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $37.00 to $44.00 in a research report on Thursday, October 3rd. JPMorgan Chase & Co. upped their price objective on shares of EQT from $37.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, September 26th. Stephens reduced their target price on EQT from $47.00 to $46.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Finally, Scotiabank increased their price target on EQT from $54.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Friday, July 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, EQT presently has an average rating of “Moderate Buy” and an average price target of $42.18.

EQT Trading Down 1.5 %

Shares of NYSE:EQT opened at $36.49 on Monday. The company’s 50-day moving average price is $34.39 and its two-hundred day moving average price is $36.61. 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 one year low of $30.02 and a one year high of $45.23. The stock has a market capitalization of $16.11 billion, a PE ratio of 26.44 and a beta of 1.06.

EQT (NYSE:EQT) last released its earnings results on Tuesday, July 23rd. The oil and gas producer reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.12. The business had revenue of $952.51 million for the quarter, compared to analyst estimates of $1.06 billion. EQT had a return on equity of 4.52% and a net margin of 12.45%. EQT’s revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.17) earnings per share. On average, equities analysts forecast that EQT Co. will post 1.37 EPS for the current fiscal year.

EQT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 6th will be paid a $0.1575 dividend. The ex-dividend date is Wednesday, November 6th. This represents a $0.63 annualized dividend and a dividend yield of 1.73%. EQT’s dividend payout ratio is presently 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.