EQT Co. (NYSE:EQT) Shares Acquired by Allworth Financial LP

Allworth Financial LP lifted its position in EQT Co. (NYSE:EQT) by 37.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,876 shares of the oil and gas producer’s stock after purchasing an additional 783 shares during the quarter. Allworth Financial LP’s holdings in EQT were worth $133,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. grew its stake in shares of EQT by 168.9% during the 3rd quarter. Blue Trust Inc. now owns 2,684 shares of the oil and gas producer’s stock worth $99,000 after purchasing an additional 1,686 shares during the period. Signaturefd LLC grew its position in EQT by 87.2% during the third quarter. Signaturefd LLC now owns 9,012 shares of the oil and gas producer’s stock valued at $330,000 after buying an additional 4,198 shares during the period. Private Advisor Group LLC grew its position in EQT by 14.0% during the third quarter. Private Advisor Group LLC now owns 14,234 shares of the oil and gas producer’s stock valued at $522,000 after buying an additional 1,748 shares during the period. International Assets Investment Management LLC purchased a new position in EQT in the third quarter valued at $3,616,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of EQT in the third quarter worth about $229,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on EQT shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $49.00 price target on shares of EQT in a research report on Monday, January 6th. StockNews.com raised shares of EQT to a “sell” rating in a research note on Saturday, February 8th. Stephens upped their price objective on shares of EQT from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Scotiabank downgraded shares of EQT from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from $55.00 to $54.00 in a report on Friday, January 17th. Finally, Wells Fargo & Company boosted their target price on shares of EQT from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, EQT presently has a consensus rating of “Hold” and a consensus price target of $52.17.

EQT Stock Down 4.6 %

EQT stock opened at $50.15 on Monday. The firm has a market cap of $29.96 billion, a PE ratio of 125.37, a P/E/G ratio of 0.64 and a beta of 1.08. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. The firm has a 50 day simple moving average of $49.67 and a 200 day simple moving average of $41.88. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66.

EQT (NYSE:EQT) last released its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.19. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. Equities research analysts forecast that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be given a $0.1575 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.63 annualized dividend and a yield of 1.26%. EQT’s dividend payout ratio is 157.50%.

Insider Transactions at EQT

In other news, Director Thomas F. Karam sold 30,154 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $44.83, for a total value of $1,351,803.82. Following the completion of the transaction, the director now directly owns 201,608 shares of the company’s stock, valued at approximately $9,038,086.64. This represents a 13.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.63% of the company’s stock.

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.