Uniting Wealth Partners LLC Invests $213,000 in EQT Co. (NYSE:EQT)

Uniting Wealth Partners LLC acquired a new stake in shares of EQT Co. (NYSE:EQT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,616 shares of the oil and gas producer’s stock, valued at approximately $213,000.

Other large investors also recently bought and sold shares of the company. Wellington Management Group LLP lifted its position in EQT by 38.7% during the third quarter. Wellington Management Group LLP now owns 74,153,050 shares of the oil and gas producer’s stock valued at $2,716,968,000 after buying an additional 20,700,921 shares in the last quarter. Vanguard Group Inc. grew its holdings in EQT by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 72,530,286 shares of the oil and gas producer’s stock worth $3,344,371,000 after acquiring an additional 358,649 shares in the last quarter. State Street Corp increased its holdings in EQT by 24.5% in the third quarter. State Street Corp now owns 37,095,597 shares of the oil and gas producer’s stock valued at $1,359,183,000 after buying an additional 7,290,822 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of EQT by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 14,427,307 shares of the oil and gas producer’s stock valued at $663,552,000 after acquiring an additional 429,733 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of EQT by 14.7% during the fourth quarter. Clearbridge Investments LLC now owns 13,829,938 shares of the oil and gas producer’s stock worth $637,698,000 after purchasing an additional 1,774,696 shares during the period. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. UBS Group lifted their price target on EQT from $54.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Scotiabank lowered shares of EQT from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from $55.00 to $54.00 in a research note on Friday, January 17th. Mizuho lifted their price target on EQT from $57.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday. StockNews.com upgraded shares of EQT from a “sell” rating to a “hold” rating in a research note on Tuesday, March 25th. Finally, JPMorgan Chase & Co. lifted their target price on shares of EQT from $58.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, March 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.28.

EQT Price Performance

Shares of NYSE:EQT opened at $54.66 on Thursday. The firm’s fifty day moving average is $51.43 and its 200-day moving average is $45.37. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.51 and a current ratio of 0.70. The firm has a market cap of $32.66 billion, a PE ratio of 136.65, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. EQT Co. has a 52 week low of $30.02 and a 52 week high of $56.66.

EQT (NYSE:EQT) last posted its quarterly 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. EQT had a net margin of 4.37% and a return on equity of 4.35%. The firm had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.81 billion. Sell-side analysts predict that EQT Co. will post 3.27 earnings per share for the current year.

EQT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT’s payout ratio is currently 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.