International Assets Investment Management LLC Takes $21.22 Million Position in EQT Co. (NYSE:EQT)

International Assets Investment Management LLC acquired a new position in EQT Co. (NYSE:EQT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 54,877 shares of the oil and gas producer’s stock, valued at approximately $21,220,000.

A number of other hedge funds have also bought and sold shares of the business. BKM Wealth Management LLC bought a new position in shares of EQT in the fourth quarter worth $40,000. Allworth Financial LP grew its holdings in EQT by 26.9% during the 3rd quarter. Allworth Financial LP now owns 1,332 shares of the oil and gas producer’s stock valued at $54,000 after buying an additional 282 shares in the last quarter. First Command Advisory Services Inc. bought a new stake in shares of EQT during the third quarter valued at about $54,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of EQT by 52.6% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,563 shares of the oil and gas producer’s stock worth $60,000 after buying an additional 539 shares in the last quarter. Finally, CX Institutional bought a new position in shares of EQT in the fourth quarter valued at approximately $64,000. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EQT has been the topic of a number of analyst reports. Jefferies Financial Group upped their target price on shares of EQT from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Sanford C. Bernstein upgraded EQT from an “underperform” rating to a “market perform” rating and increased their price objective for the stock from $27.00 to $34.00 in a research report on Wednesday, April 10th. The Goldman Sachs Group reduced their target price on EQT from $48.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, April 2nd. Morgan Stanley raised their price target on EQT from $37.00 to $49.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. Finally, StockNews.com raised EQT to a “sell” rating in a report on Tuesday, March 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $44.56.

EQT Trading Up 2.0 %

Shares of EQT opened at $40.27 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.88 and a current ratio of 0.88. EQT Co. has a fifty-two week low of $30.84 and a fifty-two week high of $45.23. The firm has a 50 day moving average price of $36.82 and a 200-day moving average price of $37.81. The firm has a market cap of $17.78 billion, a price-to-earnings ratio of 29.18 and a beta of 1.09.

EQT (NYSE:EQT) last posted its quarterly earnings results on Tuesday, April 23rd. The oil and gas producer reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.17. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.58 billion. EQT had a net margin of 10.96% and a return on equity of 4.57%. The company’s revenue was down 28.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.70 earnings per share. As a group, equities research analysts forecast that EQT Co. will post 1.14 earnings per share for the current year.

EQT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Wednesday, May 8th will be paid a $0.1575 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.63 dividend on an annualized basis and a yield of 1.56%. EQT’s dividend payout ratio (DPR) is currently 45.65%.

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.