Signaturefd LLC Buys 4,198 Shares of EQT Co. (NYSE:EQT)

Signaturefd LLC grew its stake in shares of EQT Co. (NYSE:EQT) by 87.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,012 shares of the oil and gas producer’s stock after buying an additional 4,198 shares during the quarter. Signaturefd LLC’s holdings in EQT were worth $330,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of EQT. Park Avenue Securities LLC grew its stake in shares of 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 worth $302,000 after purchasing an additional 300 shares during the last quarter. Davis Investment Partners LLC grew its stake in shares of EQT by 1.0% in the third quarter. Davis Investment Partners LLC now owns 30,908 shares of the oil and gas producer’s stock worth $1,137,000 after purchasing an additional 317 shares during the last quarter. Motley Fool Asset Management LLC grew its stake in shares of EQT by 5.1% in the first quarter. Motley Fool Asset Management LLC now owns 6,861 shares of the oil and gas producer’s stock worth $254,000 after purchasing an additional 336 shares during the last quarter. Hancock Whitney Corp boosted its position in EQT by 3.0% during the 1st quarter. Hancock Whitney Corp now owns 14,603 shares of the oil and gas producer’s stock valued at $541,000 after acquiring an additional 419 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC grew its holdings in shares of EQT by 1.4% during the 1st quarter. SeaBridge Investment Advisors LLC now owns 30,361 shares of the oil and gas producer’s stock worth $1,125,000 after acquiring an additional 428 shares during the period. 90.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EQT shares. StockNews.com upgraded EQT to a “sell” rating in a report on Friday, July 26th. JPMorgan Chase & Co. boosted their price target on EQT from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, September 26th. Stephens dropped their price target on EQT from $47.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Citigroup raised EQT from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $37.00 to $44.00 in a research report on Thursday, October 3rd. Finally, BMO Capital Markets boosted their price target on EQT from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.18.

EQT Trading Up 1.4 %

Shares of EQT stock opened at $37.48 on Friday. EQT Co. has a 52-week low of $30.02 and a 52-week high of $45.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market capitalization of $16.55 billion, a PE ratio of 23.72 and a beta of 1.06. The stock has a fifty day simple moving average of $34.87 and a two-hundred day simple moving average of $36.61.

EQT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 6th will be paid a $0.1575 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.63 dividend on an annualized basis and a yield of 1.68%. EQT’s payout ratio is presently 39.87%.

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.