TD Private Client Wealth LLC Purchases 823 Shares of EQT Co. (NYSE:EQT)

TD Private Client Wealth LLC lifted its holdings in shares of EQT Co. (NYSE:EQT) by 21.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,659 shares of the oil and gas producer’s stock after acquiring an additional 823 shares during the quarter. TD Private Client Wealth LLC’s holdings in EQT were worth $215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Truvestments Capital LLC purchased a new stake in EQT in the 3rd quarter worth $30,000. Quarry LP lifted its position in EQT by 184.7% during the third quarter. Quarry LP now owns 891 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 578 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of EQT by 26.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 976 shares of the oil and gas producer’s stock valued at $45,000 after acquiring an additional 205 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of EQT in the 3rd quarter worth approximately $36,000. Finally, Financial Avengers Inc. boosted its stake in EQT by 100.8% during the third quarter. Financial Avengers Inc. now owns 1,004 shares of the oil and gas producer’s stock worth $37,000 after buying an additional 504 shares during the period. 90.81% of the stock is currently owned by institutional investors.

EQT Stock Performance

NYSE:EQT opened at $54.25 on Wednesday. The company’s 50-day moving average is $51.40 and its two-hundred day moving average is $44.58. The firm has a market capitalization of $32.41 billion, a price-to-earnings ratio of 135.63, a PEG ratio of 0.64 and a beta of 1.12. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.51. EQT Co. has a 1-year low of $30.02 and a 1-year high of $56.66.

EQT (NYSE:EQT) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.19. EQT had a return on equity of 4.35% and a net margin of 4.37%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.81 billion. Analysts forecast that EQT Co. will post 3.27 EPS for the current year.

EQT Announces Dividend

The firm also recently disclosed 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 1.16%. The ex-dividend date of this dividend was Tuesday, February 18th. EQT’s payout ratio is 157.50%.

Wall Street Analyst Weigh In

Several brokerages have commented on EQT. Wells Fargo & Company upped their price objective on EQT from $53.00 to $58.00 and gave the company an “overweight” rating in a research report on Wednesday, March 19th. Mizuho raised shares of EQT from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $48.00 to $57.00 in a research note on Monday, December 16th. Sanford C. Bernstein raised shares of EQT from a “market perform” rating to an “outperform” rating and set a $73.00 price objective on the stock in a research report on Wednesday, January 15th. Stephens raised shares of EQT from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $41.00 to $59.00 in a report on Tuesday, March 18th. Finally, Scotiabank lowered EQT from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from $55.00 to $54.00 in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $54.50.

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.