DRW Securities LLC Boosts Position in EQT Co. (NYSE:EQT)

DRW Securities LLC increased its stake in EQT Co. (NYSE:EQT) by 26.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 50,683 shares of the oil and gas producer’s stock after purchasing an additional 10,500 shares during the quarter. DRW Securities LLC’s holdings in EQT were worth $2,337,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EQT. Sanctuary Advisors LLC increased its holdings in shares of EQT by 104.7% in the third quarter. Sanctuary Advisors LLC now owns 63,507 shares of the oil and gas producer’s stock worth $2,327,000 after purchasing an additional 32,484 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in EQT by 36.7% during the 3rd quarter. Retirement Systems of Alabama now owns 133,142 shares of the oil and gas producer’s stock valued at $4,878,000 after buying an additional 35,733 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of EQT by 44.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,555 shares of the oil and gas producer’s stock valued at $2,379,000 after purchasing an additional 16,416 shares during the period. D.A. Davidson & CO. grew its position in shares of EQT by 13.4% during the 4th quarter. D.A. Davidson & CO. now owns 6,467 shares of the oil and gas producer’s stock worth $298,000 after buying an additional 762 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in EQT by 15.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 41,508 shares of the oil and gas producer’s stock valued at $1,914,000 after purchasing an additional 5,489 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on EQT shares. The Goldman Sachs Group reaffirmed a “reduce” rating on shares of EQT in a report on Wednesday, February 12th. UBS Group dropped their target price on EQT from $58.00 to $55.00 and set a “neutral” rating on the stock in a report on Monday. JPMorgan Chase & Co. lifted their price target on EQT from $58.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, March 13th. Royal Bank of Canada restated a “sector perform” rating and set a $49.00 price target on shares of EQT in a research report on Monday, January 6th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $67.00 target price (up previously from $63.00) on shares of EQT in a report on Wednesday, March 26th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $55.72.

EQT Stock Up 0.3 %

EQT opened at $47.43 on Wednesday. The company has a fifty day moving average price of $51.11 and a 200-day moving average price of $45.86. EQT Co. has a one year low of $30.02 and a one year high of $56.66. 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 has a market capitalization of $28.34 billion, a P/E ratio of 118.58, a price-to-earnings-growth ratio of 0.64 and a beta of 1.35.

EQT (NYSE:EQT) last posted its earnings results 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 analysts’ expectations of $1.81 billion. EQT had a net margin of 4.37% and a return on equity of 4.35%. Equities research analysts expect that EQT Co. will post 3.27 earnings per share for the current fiscal year.

EQT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.1575 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.33%. EQT’s payout ratio is 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.