EQT Co. (NYSE:EQT) Stake Increased by Townsquare Capital LLC

Townsquare Capital LLC increased its holdings in shares of EQT Co. (NYSE:EQT) by 44.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,754 shares of the oil and gas producer’s stock after buying an additional 6,114 shares during the quarter. Townsquare Capital LLC’s holdings in EQT were worth $911,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Parkside Financial Bank & Trust grew its position in shares of EQT by 22.7% in the fourth 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. EverSource Wealth Advisors LLC boosted its stake in EQT by 26.6% during 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 period. Wilmington Savings Fund Society FSB grew its holdings in EQT by 4.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,731 shares of the oil and gas producer’s stock valued at $218,000 after buying an additional 223 shares during the last quarter. Huntington National Bank increased its position in EQT by 7.4% in the 4th quarter. Huntington National Bank now owns 3,265 shares of the oil and gas producer’s stock worth $151,000 after buying an additional 224 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of EQT by 15.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,719 shares of the oil and gas producer’s stock valued at $79,000 after acquiring an additional 236 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on EQT. Morgan Stanley reiterated an “overweight” rating and set a $67.00 target price (up from $63.00) on shares of EQT in a research note on Wednesday, March 26th. Mizuho upped their price objective on shares of EQT from $57.00 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, April 1st. Jefferies Financial Group lifted their target price on EQT from $45.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. upped their price target on EQT from $58.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, March 13th. Finally, StockNews.com lowered EQT from a “hold” rating to a “sell” rating in a report on Monday, April 7th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.56.

EQT Price Performance

Shares of NYSE EQT opened at $51.01 on Friday. The company has a market capitalization of $30.47 billion, a PE ratio of 127.52, a PEG ratio of 0.64 and a beta of 1.35. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average price is $50.75 and its 200-day moving average price is $46.61. EQT Co. has a twelve month low of $30.02 and a twelve month high of $56.66.

EQT (NYSE:EQT) last released its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 4.37% and a return on equity of 4.35%. On average, equities analysts anticipate that EQT Co. will post 3.27 EPS for the current year.

EQT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be issued a dividend of $0.1575 per share. This represents a $0.63 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Wednesday, May 7th. EQT’s payout ratio is presently 157.50%.

About EQT

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.