Commonwealth Equity Services LLC Purchases 709 Shares of EQT Co. (NYSE:EQT)

Commonwealth Equity Services LLC lifted its stake in shares of EQT Co. (NYSE:EQT – Get Rating) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,504 shares of the oil and gas producer’s stock after purchasing an additional 709 shares during the quarter. Commonwealth Equity Services LLC’s holdings in EQT were worth $964,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in EQT. Larson Financial Group LLC acquired a new stake in shares of EQT in the 3rd quarter worth about $28,000. Exos TFP Holdings LLC acquired a new stake in shares of EQT in the 3rd quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of EQT in the 4th quarter worth about $33,000. Clearstead Advisors LLC acquired a new stake in shares of EQT in the 3rd quarter worth about $41,000. Finally, Penserra Capital Management LLC acquired a new stake in shares of EQT in the 1st quarter worth about $47,000. Institutional investors own 97.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of EQT from $49.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, January 25th. TD Securities decreased their price objective on shares of EQT from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, February 17th. StockNews.com began coverage on shares of EQT in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Morgan Stanley decreased their price objective on shares of EQT from $42.00 to $37.00 and set an “overweight” rating for the company in a research note on Monday, March 27th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $50.00 target price on shares of EQT in a research report on Tuesday, March 7th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $49.59.

EQT Trading Up 0.2 %

NYSE:EQT opened at $36.31 on Tuesday. EQT Co. has a one year low of $28.10 and a one year high of $51.97. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.48 and a quick ratio of 1.48. The company’s 50-day simple moving average is $32.39 and its 200 day simple moving average is $34.47. The firm has a market capitalization of $13.13 billion, a P/E ratio of 3.22, a PEG ratio of 0.66 and a beta of 1.17.

EQT (NYSE:EQT – Get Rating) last released its quarterly earnings data on Wednesday, April 26th. The oil and gas producer reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.38. EQT had a net margin of 41.96% and a return on equity of 15.17%. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the previous year, the company earned $0.81 earnings per share. The firm’s quarterly revenue was down 26.4% on a year-over-year basis. As a group, analysts forecast that EQT Co. will post 2.73 EPS for the current fiscal year.

EQT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Wednesday, May 10th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 9th. This represents a $0.60 dividend on an annualized basis and a yield of 1.65%. EQT’s dividend payout ratio is currently 5.33%.

EQT Company Profile

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EQT Corp. is a natural gas production company, which engages in the supply, transmission, and distribution of natural gas. The company was founded in 1888 and is headquartered in Pittsburgh, PA.