Steward Partners Investment Advisory LLC Buys 4,997 Shares of EQT Co. (NYSE:EQT)

Steward Partners Investment Advisory LLC lifted its holdings in EQT Co. (NYSE:EQT) by 287.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,737 shares of the oil and gas producer’s stock after acquiring an additional 4,997 shares during the period. Steward Partners Investment Advisory LLC’s holdings in EQT were worth $311,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Truvestments Capital LLC bought a new stake in shares of EQT during the third quarter valued at approximately $30,000. Quarry LP grew its holdings in shares of EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 578 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of EQT during the third quarter valued at $36,000. Financial Avengers Inc. grew its holdings in shares of 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 buying an additional 504 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in EQT by 22.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,042 shares of the oil and gas producer’s stock valued at $48,000 after purchasing an additional 193 shares during the period. Institutional investors own 90.81% of the company’s stock.

EQT Trading Down 0.4 %

NYSE EQT opened at $48.76 on Friday. 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’s fifty day moving average price is $50.74 and its 200 day moving average price is $43.32. The company has a market capitalization of $29.13 billion, a price-to-earnings ratio of 121.90, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. EQT Co. has a 12 month low of $30.02 and a 12 month high of $56.66.

EQT (NYSE:EQT) last issued its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.19. The business had revenue of $1.82 billion for 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%. On average, sell-side analysts expect that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.1575 dividend. This represents a $0.63 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Tuesday, February 18th. EQT’s dividend payout ratio (DPR) is 157.50%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EQT shares. The Goldman Sachs Group reiterated a “reduce” rating on shares of EQT in a research report on Wednesday, February 12th. Citigroup cut shares of EQT from a “buy” rating to a “reduce” rating in a research note on Wednesday, March 5th. Mizuho raised shares of EQT from a “neutral” rating to an “outperform” rating and increased their price target for the company from $48.00 to $57.00 in a research note on Monday, December 16th. Royal Bank of Canada reissued a “sector perform” rating and issued a $49.00 price target on shares of EQT in a research note on Monday, January 6th. Finally, Jefferies Financial Group increased their price objective on shares of EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $52.56.

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.