Teacher Retirement System of Texas Makes New $244,000 Investment in EQT Co. (NYSE:EQT)

Teacher Retirement System of Texas purchased a new stake in EQT Co. (NYSE:EQT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,288 shares of the oil and gas producer’s stock, valued at approximately $244,000.

Other hedge funds also recently made changes to their positions in the company. Quarry LP boosted its holdings in EQT by 184.7% in the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after acquiring an additional 578 shares during the last quarter. Financial Avengers Inc. lifted its position in shares of EQT by 100.8% in the 3rd quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock worth $37,000 after purchasing an additional 504 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of 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 purchasing an additional 205 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of EQT by 22.7% in the 4th 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 last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of EQT during the fourth quarter worth $55,000. 90.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EQT. UBS Group boosted their target price on shares of EQT from $54.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Scotiabank downgraded EQT from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $55.00 to $54.00 in a research note on Friday, January 17th. Morgan Stanley reiterated an “overweight” rating and issued a $67.00 target price (up from $63.00) on shares of EQT in a report on Wednesday, March 26th. Jefferies Financial Group increased their price target on EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Finally, Mizuho lifted their price objective on shares of EQT from $57.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $55.28.

EQT Trading Up 0.8 %

NYSE:EQT opened at $53.87 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. EQT Co. has a one year low of $30.02 and a one year high of $56.66. The company has a market cap of $32.18 billion, a PE ratio of 134.67, a PEG ratio of 0.64 and a beta of 1.12. The firm has a 50-day moving average of $51.40 and a 200-day moving average of $45.31.

EQT (NYSE:EQT) last issued its quarterly earnings data 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. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. EQT had a return on equity of 4.35% and a net margin of 4.37%. As a group, equities research analysts expect that EQT Co. will post 3.27 EPS for the current fiscal year.

EQT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.1575 per share. This represents a $0.63 annualized dividend and a yield of 1.17%. 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.